Aiteo Founder, Benedict Peters Wins Forbes Oil and Gas Leader of the Year Award

Enterprise Television – Aiteo Founder, Benedict Peters Wins Forbes Oil and Gas Leader of the Year Award

The founder of Nigerian energy conglomerate, Aiteo Group, Benedict Peters, has been awarded Africa’s Oil and Gas Leader of the Year at a prestigious event dubbed the Forbes Best of Africa Gala.

The award ceremony was held at the Forbes Headquarters in New York City.

The award is an acknowledgement of Peters’ significant contribution to oil and gas development in Africa by visionary leadership, distinguished service and transformational realignment of a sector dominated by international oil companies.

The Forbes Award also recognized Mr. Peters’ commitment to bettering the lives of people and societies across Africa by philanthropic engagement.

While presenting the award, the CEO and Vice-Chairman of Forbes Media, Mike Perlis, explained that recipients are singled out for their work in bringing prosperity to all 55 countries of the African continent.

“Peters’ ascendancy in Africa’s Oil and Gas sector has been exemplary as well as revolutionary. His company, Aiteo, has thrived for about two decades – going from a downstream start-up to becoming a leading integrated energy conglomerate with strategic investments in hydrocarbon (or commodities) exploration and production,” commented Forbes Emerging Markets Editor, Paul H. Trustfull.

“Peters reinvented himself in times of great personal challenge. He resurrected his identity and reputation while battling injustice. He proves that inspirational leadership in a difficult industry is possible,” Trustfull added.

On dedicating the coveted award to all Aiteo employees worldwide, Benedict Peters stated that the acknowledgement by Forbes as Oil and Gas Leader of 2018 is inspiring.

“It means a lot to me and the entire Aiteo Group. I am delighted that the International community recognizes our contribution towards Africa’s self-sufficiency in energy and our aspiration to become a reference point for indigenous capacity in oil and gas”.

“This award motivates us to broaden our vision for the continent, despite all odds, and accelerate her economic transformation. We believe that Africa has what it takes to lead the world and we will continue to push the frontiers of development through our investments in people and technology. The success of our Oil and Gas Upstream subsidiary proves that the future we envision in Africa rests to a large extent in the hands of Africans”. He stated.

Mr Peters ventured into the oil and gas sector as an entrepreneur in 1999 and initially traded mainly in the downstream sector before joining Aiteo, which is currently the highest producing indigenous oil exploration & production (E&P) company in Nigeria.


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