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Oil magnate Jite Okoloko restrategises

by Usman Kadri
August 10, 2024
Reading Time: 1 min read
Oil magnate Jite Okoloko restrategise

Group Managing Director/CEO of Eroton, Onajite Okoloko

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In a world where most business people strive to hug the limelight and draw attention with high-profile deals and public appearances, not all crave the glare of publicity. To some of them, self-promotion, star power and, yes, narcissism were not prerequisites. They prefer to just get on with the job and Onajite P. Okoloko seems to be one of those successful entrepreneurs.

For the Delta State-born oil tycoon, he has conspicuously vanished from the public glare for some time now. His disappearance from public view has driven heated speculation across social media and the billionaire entrepreneur isn’t commenting.

For the Chairman of Eroton Exploration & Production Company, he has taken a step back from the public eye, leaving many to wonder about his next moves and the implications of his silence.

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This is so because the boss of Midwestern Oil and Gas Company Limited and erstwhile managing director of Notore Chemical Industries is no stranger to success as his trajectory into becoming a formidable force in Nigeria’s business world is a proof to his entrepreneurial spirit.

Okoloko has established a reputation for turning opportunities into profitable ventures. He has also been someone who never shies away from engaging in the business and political landscape. He, at a point in time, even eyed a political office in his home State, Delta.

But that political adventure was short-lived, nevertheless, his sudden withdrawal has left many observers bewildered. He has equally been a vocal advocate of business innovation and growth in Nigeria.

His business acumen and resilience have earned him respect among industry giants, making his current low profile all the more intriguing.

Many believe Okoloko’s loud silence contrasts sharply with his previous visibility, prompting speculation about potential rebranding or recalibration of his business strategies.

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