Sijuwade Group
# Sijuwade Group

Sijuwade Group is a Nigerian conglomerate owned by The Sijuwade Royal Family. Headquartered in Lagos, Nigeria, it operates in a range of industries such as oil and gas, infrastructure, real estate, industrials, and hospitality. The company was founded by Oba Okunade Sijuwade the Ooni of Ife, who was the group chairman before his death.

## History

Sijuwade Group was incorporated in 1975 and operates across five main sectors: oil and gas, infrastructure, real estate, industrials, and hospitality. The group is managed by Adetokunbo Sijuwade. The group has partnered with some multinational companies such as Centrica, Equinor (formerly Statoil), CCC, Eser and RCC (Reynolds Construction Company) and executed over $1 billion worth of contracts and projects across Nigeria.

Infrastructure

Sijuwade Group’s infrastructure outfit handles large ticket road construction projects in Nigeria. Through one of its partners – CCC, the company has completed $616 million worth of road projects including Enugu – Port Harcourt expressway. While through its second partner – Eser, the company has completed $125 million worth of railway projects including the Port Harcourt-Enugu Railway. Oba Okunade Sijuwade was also chairman of Reynolds Construction Company (RCC) – Nigeria’s biggest construction company until his death in 2015.

Oil and Gas

Sijuwade Group owns stakes in two oil blocks (OPL 283 and OPL 276) in partnership with CCC and London-listed energy giant Centrica.

Through its subsidiary - Sijuwade Group through Rayflosh Petroleum Nigeria has a 10% participating interest in OPL 283 in partnership with Newcross Petroleum who entered and executed a sales and purchase agreement (SPA) with Centrica and CCC to acquire 60% and 30% giving them 90%.

Through its second subsidiary – Sijuwade Group through Albrightwaves Petroleum has a 10% participating interest in OPL 276 in partnership with London-listed Lekoil Ltd and Newcross Petroleum who both acquired 45% each from Centrica and CCC’s 90% stake.

Real estate

Sijuwade Group through its subsidiary Sijuwade Holdings, entered a joint venture with Adeyeye Ogunwusi’s real estate company Gran Imperio Ltd to develop Northpointe Estate - an estate of 60 semidetached duplexes located along Chevron Drive, Lagos.

Industrials

Sijuwade Group owns the biggest asphalt plant in southwest Nigeria in partnership with Eser through Espro Asphalt Production Company. The plant has the capacity to produce 150 tons of asphalt per hour.

Hospitality

Sijuwade Group owns Motel Royal hotel, a hotel situated in Ife Nigeria.

## Subsidiaries

| Subsidiary | Sector |
| - | - |
| Consolidated Contractors Company (CCC) | Infrastructure |
| Eser Contracting and Industry Company | Infrastructure |
| Espro Asphalt Production Company | Industrials |
| Rayflosh Petroleum Nigeria | Oil & Gas |
| Albrightwaves Petroleum Development | Oil & Gas |
| Sijuwade Holdings Ltd | Real estate & hospitality |
