By Kunle Sanni
The Group Managing Director of Sahara Group, Kola Adesina, has expressed strong confidence in President Bola Ahmed Tinubu’s sweeping energy reforms, describing them as courageous, transparent, and vital for long-term sustainability.
Speaking in an interview for an upcoming State House TV documentary commemorating the second anniversary of the Tinubu administration, Adesina praised the removal of the fuel subsidy as a landmark decision that addressed deep-rooted inefficiencies in the petroleum sector.
“The most significant shift I have seen—without a doubt—has been the government’s willingness to confront the long-term inefficiencies within the petroleum sector,” he said. “President Bola Ahmed Tinubu’s courage in removing the fuel subsidy and market distortions hasn’t been rivalled in the history of Nigeria.”
Adesina noted that the reforms have created a more predictable and sustainable business environment, with transparency and regulatory clarity becoming key pillars of Nigeria’s evolving energy landscape.
“The energy sector today is stronger and more sustainable. We can now plan,” he said. “Macro and micro elements are beginning to align, and there’s strong potential for long-term benefits.”
From a business perspective, the Sahara Group boss said the shift toward a free and open market has enhanced fair competition and bolstered investor confidence.
“When there’s no clarity or consistency, investment becomes difficult. But now, we know how to price. It’s open to everyone—whether investing or buying—and reform is guiding every process,” he said.
Adesina also highlighted positive progress in critical energy infrastructure, particularly in the gas and power sectors. He said the Tinubu administration has improved synergy between public policy and private sector expectations.