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    Nestoil Chairman, Dr Ernest Obijackson, Splashes 76 Billion Naira On Gulfstream Jet

    Last December, Anambra born billionaire, businessman, and chairman of Nestoil, Dr. Ernest Obijackson, was in the United States of America with his team for one reason.

    The team from Lagos, Nigeria, was scheduled to sign a contract for the acquisition of a Gulfstream G-700 jet from the manufacturer in Georgia, United States.

    The aircraft is worth 76 billion naira.

    Azudialu-Obiejesi’s decision to procure the G-700 aircraft underscores his commitment to building a world-class energy conglomerate.

    The private jet will be delivered any moment from now, and Okija-born Obijackson and Nestoil will join an exclusive group of global elites as one of the first buyers of the new luxury Gulfstream G-700 jet.

    This is not the first private jet that Obi Jackson is buying.

    He owns a couple of private jets that are parked at Nestoil’s hanger at the international airport in Lagos, and just last year, Nestoil spent 31 billion naira on parts, maintenance, and management for its existing jets.

    Ernest Obi Jackson, who was born in Onitsha and who attended the same secondary school in Onitsha that I attended, DMGS, started as a small trader in Onitsha before relocating to Lagos and striking gold when he founded Nestoil.

    Nestoil is an integrated oil and gas company that operates in the upstream sector.

    The company, through its subsidiary Neconde, has an oil well in the OML 42 field, which they bought from Shell.

    The company is also into designing, engineering, construction, and procurement for foreign oil companies operating in the Niger Delta.

    They design and build pipelines as well.

    Nestoil is the main cash flow of the business and is widely successful too.

    They work for clients like NNPC, Shell, and Cheveron.

    Neconde, which is the man’s second business, is still struggling and yet to break even because of the oil theft in the Niger Delta.

    Obi Jackson also owns the biggest office building in Lagos and the whole country named the Nestoil Tower.

    It is located in Victoria Island Lagos.

    An imposing structure that speaks to his impeccable taste for class

    Obi Jackson is one of the few role models I look up to because his story reminds me that it is possible to start small like he did, 3 decades ago in Onitsha and still end up as a big businessman.

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