Firm restructures for growth

Axxela Limited, a gas and power portfolio company, has announced an organisational restructuring as part of its strategic commitment to accelerating growth and expanding market influence.

This transformation to a group structure marks a significant milestone in the company’s journey to support Nigeria’s energy transition agenda, deliver increased customer value and advance its pan-African expansion aspiration.

With this next-phase realignment, the company will operate under a group structure comprising strategic business units (SBUs) and a group directorate.

Each SBU will be independently led by a managing director.

This is expected to empower a leadership model that aims to drive the individual business units toward ambitious growth targets while strengthening Axxela’s position as an industry leader.

With extensive experience in the oil and gas industry and a private equity background at Helios Investment Partners, he is positioned to guide Axxela through this transformative phase.

Speaking on the reorganisation exercise, new Group Chief Executive Officer, Ogbemi Ofuya said: “We are on the right side of history, a pivotal moment in Africa, where we must elevate the importance of natural gas as a transition fuel and a driver of industrial growth across the continent.

“This restructuring positions us to deepen domestic gas utilisation, improve supply reliability, and strengthen our capacity to meet evolving market demands. At Axxela, we believe that the Federal Government’s energy transition agenda is more than just a policy shift, it is a catalyst for innovation, collaboration, and sustainable growth.”