I salute the team behind Geregu, they have accomplished an uncommon feat in the Nigerian capital market: “Geregu Power Plc, a major player in Nigeria’s electricity generation sector, continues to capture investor confidence, driving its market capitalization to an impressive N2.8 trillion in September 2024.” I mean, this was largely a dead asset, and just like that, it has a value close to N3 trillion.
In business and politics, leadership matters. Geregu has unlocked value for investors, with no excuses, that in the broken current Nigeria, alpha moments exist. Who knows…this could become the magic Nigeria needs to fix its electricity paralysis. I wish the team more wins.
Yes, take action, and do not just complain. Dangote has cement, Innoson has local cars, BUA has food, Ndubuisi has tech startups, …Geregu can take power; healthcare, roads, security, etc remain. #build.
Tekedia Mini-MBA edition 15 (Sept 9 – Dec 7, 2024) has started registrations; register today for early bird discounts.
Tekedia AI in Business Masterclass opens registrations here.
Join Tekedia Capital Syndicate and invest in Africa’s finest startups here.
---
Register for Tekedia Mini-MBA (Sept 9 – Dec 7, 2024), and join Prof Ndubuisi Ekekwe and our global faculty; click here.