Axxela Limited, a gas and power portfolio company in sub-Saharan Africa, has announced an organisational restructuring as part of its commitment to accelerating growth and expanding market influence.
In a statement by its Corporate Communications Manager, Omolara Shitu, the company said this transformation to a group structure marks a significant milestone in its journey to support Nigeria’s energy transition agenda, deliver increased customer value, and advance its pan-African expansion aspirations.
The statement disclosed that over the past two decades, Axxela has nurtured its subsidiary businesses into thriving, independent entities.
“With this next-phase realignment, the company will operate under a group structure comprising strategic business units and a group directorate. Each SBU will be independently led by a managing director. This empowered leadership model aims to drive the individual business units toward ambitious growth targets while further strengthening Axxela’s position as an industry leader,” Shitu stated.
The newly established business units and their leadership appointments are as follows: Gas Distribution will be headed by Kehinde Alabi, formerly Chief Operating Officer; Gas Midstream Infrastructure will be led by Franklin Umole, formerly Director of Business Development; Integrated Power will be overseen by Olufisayo Duduyemi, previously Chief Strategy & Services Officer; and Regional Business will be headed by Timothy Ononiwu, who will also continue to serve as Group Chief Financial Officer.
Additionally, the Group’s Corporate Operations will be led by Tuoyo Ejueyitchie, formerly General Counsel and Company Secretary.
“The new Group Chief Executive Officer, Ogbemi Ofuya, is spearheading the enterprise reorganisation. With extensive experience in the oil and gas industry and a private equity background at Helios Investment Partners, he is uniquely positioned to guide Axxela through this transformative phase,” the statement said.
Speaking on the reorganisation exercise, Ofuya remarked, “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’s a catalyst for innovation, collaboration, and sustainable growth.
“As Nigeria accelerates efforts toward a cleaner and more efficient energy future, our ambition is clear: to continue to bridge gas infrastructure gaps, build pipelines that unlock access to untapped industrial clusters, and expand our power development programmes.
By integrating backwards along the value chain, we aim to serve the market better and deliver innovative energy solutions.”
The statement added that the reorganisation is a bold move that further reaffirms Axxela’s dedication to driving the transformative narrative of Africa’s energy future.
“Axxela remains committed to its strategic direction and is positioned to continue to grow during this transition and beyond,” it read.