President Muhammadu Buhari has congratulated Sahara Group on the landmark celebration of its 25 years in business.
The President described the Group as a modest enterprise, which began as a trader in petroleum products, and has grown into a conglomerate at its silver jubilee, adding that such feat is inspirational to the nation’s teeming youth.
The President stated, “With operations in Africa, Asia, Europe, and Middle East, Nigeria is proud that Sahara Group came from its loins, and has in the period of operations deployed transformational energy initiatives to become a business with proud African heritage.
“I am particularly enthused that you provide 21% of power to Nigerians and distribute 15%, and going forward, Sahara Group has a vision of investing in gas development for energy, data tech, and monetisation, infrastructural development. And in bringing energy to life in a responsible and smart way wherever energy is consumed.”
Meanwhile, Nigeria’s Vice President, Prof. Yemi Osinbajo (SAN) has also commended the energy conglomerate, for being “a great ambassador for the Nigerian entrepreneurial brand.”
Speaking at a virtual event to commemorate Sahara Group’s 25th anniversary, Prof. Osinbajo said Sahara embodies the enterprising and transformative spirit that makes Nigeria a remarkable nation.
He said, “Sahara Group has demonstrated bold, innovative, knowledge-driven business models that are designed to seize opportunities in other countries and have done so with remarkable success in many African countries.”
Executive Director, Sahara Group, Kola Adesina, said the energy conglomerate remained proud of its rich Nigerian and African heritage which has given Sahara the impetus to innovate through challenges to become a global player.
“Sahara Group is already looking ahead to a future that will be driven by technology, Artificial Intelligence and renewable energy solutions to enhance access to energy and environmental sustainability,” Adesina said.
Established as an oil trading entity in 1996, Sahara Group now has operations in over 42 countries in Africa, Asia, Europe and the Middle East, with almost 5000 employees. The conglomerate operates the largest privately run power business in sub-Saharan Africa through its investment in generation and distribution assets in the power sector.