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Adebayo Ogunlesi eyes investments in Nigeria’s ports, aviation

Ten things to know about Adebayo Ogunlesi

Nigerian-born billionaire Adebayo Ogunlesi, founder of Global Infrastructure Partners and a Goldman Sachs board member, has signaled potential investments in Nigeria’s ports and aviation sectors.

Speaking after a meeting with President Bola Tinubu in Abuja, the 71-year-old, revealed that GIP, which manages over $100 billion in global assets, is exploring fresh investment opportunities in the country.

While refusing to reveal the specifics, he said, “We’re making investments in Nigeria. We explored additional opportunities. I’m not going to tell you what they are. Just wait. Watch this space.”

Although he did not provide specifics on the investment structure, Ogunlesi highlighted several sectors of interest.

“When you think about the sectors we invest in, energy, aviation, and infrastructure, Nigeria has huge potential. Nigeria is a huge gas province.

“People describe me as the guy who bought Gatwick Airport. I didn’t personally buy Gatwick Airport, but the aviation sector is also an area of interest to us,” Ogunlesi said.

Ogunlesi, worth $2.6 billion, said GIP is building LNG plants in Texas and Australia, calling Nigeria a “huge gas province” with untapped potential.

On infrastructure, he noted that his companies operate ports in Lomé and Cotonou, but not in Nigeria.

“I asked Mr. President for forgiveness, and being the gentleman that he was, he forgave me. But he said, ‘You have to bring port investment to Nigeria.’ That’s another area we’re looking at,” he added.

He also identified renewables as a priority sector with significant growth potential.

Ogunlesi sees Nigeria’s broader challenge as shifting toward an export-driven economy.

“Our President has done fundamental reform, and that reform has invited all these people you’re seeing. The next thing for us is to lead an export-led economy. The hope is on the rise,” he said.

Adebayo Ogunlesi is a leading figure in global finance. In 2006, he founded Global Infrastructure Partners with backing from Credit Suisse and General Electric.

Under his leadership, GIP has acquired and managed key infrastructure assets worldwide, including London’s Gatwick Airport and Edinburgh Airport, along with major energy projects across the U.S., Europe, and Asia.