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Femi Otedola’s Geregu power forecasts record $29 Million Profit for 2025

By NewsWireNGR

Nigerian billionaire Femi Otedola is poised for a major financial windfall as his company, Geregu Power, projects a record profit of N44 billion ($29 million) for 2025. This forecast represents a near-doubling of the company’s 2024 earnings.

The projected profit is a result of a sharp increase in total turnover, which the company expects to reach N207.66 billion ($137.5 million). Otedola, who is Geregu Power’s largest shareholder, has expressed optimism about the company’s trajectory.

However, the company’s success is not guaranteed. Otedola acknowledged that financing costs and Nigeria’s ongoing energy challenges, particularly a stable gas supply, could impact the final results. He stressed that consistent operations and strong market demand will be essential to sustaining the company’s growth in the coming year.

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