‘You’re a stup!d boy!’ — Otedola reveals Obasanjo’s anger at him when NNPC tried to sabotage diesel deregulation
[NigerianEye - Nigeria] - 8/08/2025
President Olusegun Obasanjo flew into a rage after being told that there was diesel scarcity across the country because of deregulation, Femi Otedola has revealed in his forthcoming book, ‘Making It Big: Lessons from a Life in Business’. Obasanjo was so angry that he accused Otedola of misleading him to deregulate the importation of the product, over which the Nigerian National Petroleum Corporation (NNPC) — as it was then known — used to have absolute monopoly. Otedola, who owned Zenon Petroleum, had assured Obasanjo that the private sector could meet local demand without the involvement (…)
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