By Abisola THOMPSON
International business leader and founder of Aiteo Group, Benedict Peters was awarded African Icon
of the Year at the Foreign Investment Network (FIN) and Federal Ministry of Petroleum Resources
Honorary Patrons Dinner and Awards Night which held at the Nigeria International Petroleum
Summit, Abuja.
The award is an acknowledgement of Peters’ significant contribution to oil and gas development in
Africa, his visionary leadership, distinguished service and transformational disruption of a sector
dominated by International Oil Companies.
The Aiteo Group’s 20 year evolution through Africa’s Oil and Gas sector has been exemplary as well
as revolutionary – going from a downstream start-up to becoming a leading integrated energy
conglomerate with strategic investments in hydrocarbon (or commodities) exploration and
production.
Speaking at the award ceremony, Michael Dragoyevich, Chief Executive Officer of Foreign
Investment Network remarked, “Mr Peters has earned a unique honour to stand out among his
peers as winner of the coveted FIN African Icon of the Year Award.”
Dedicating the award to all Aiteo employees worldwide, Benedict Peters said “The award by FIN as
its African Icon of the Year is awe-inspiring. It’s an honour to receive this type of recognition. Our
modest efforts to provide Africa’s market places with top-quality energy solutions while being a
reference point for indigenous capacity in oil and gas have clearly paid off, and we are proud of
the fact that we continue to receive such prestigious distinction.”
Mr Peters ventured into the oil and gas sector as an entrepreneur in 1999 and initially traded mainly
in the downstream sector. In 2015, his company, Aiteo won the bid for the largest onshore oil block
in sub-Saharan Africa.
Beyond oil, Mr Peter’s group has investments in mining, agriculture, infrastructure development,
electricity generation and distribution, with a fast-developing retail distribution network. It is
focused on serving the needs of communities across the continent, by leveraging a unique
combination of a strategic asset base, technology, innovation, and some of the best technical and
business minds across the industries it serves. The group has been expanding rapidly, extending its
transformational operations to different countries across Africa and Europe.
Peters is passionate about youth empowerment and has donated generously to support football on
the African continent. Through Aiteo, he sponsors the Nigerian Football Federation, Aiteo CAF
Awards, Aiteo Cup (The Federation’s foremost Cup in Nigeria) and a team in his company’s host
community. He has also assisted thousands of internally displaced persons in northern Nigeria while
also supporting clean water sanitation initiatives in Africa in partnership with Face Africa, improving
the lives of over 25,000 people in rural Liberia and more. Peters has a keen interest in social and
environmental issues in the agricultural sector. He chairs the Joseph Agro Foundation, which seeks
to tackle high levels of unemployment and water shortage by creating job opportunities for farmers
in Africa.
In recognition of his ground-breaking contribution to development, Peters was one of four recipients
of the Marquee Award for Global Business Excellence at the Africa-US Leadership Awards in 2014. In
the same year, he won the "Leadership CEO of the Year” award. In 2015, Peters received the Dr.
Martin Luther King Jr. Legacy Award in the "Economic Empowerment” category. He was listed as one
of the ‘50 Most Influential Nigerians in 2017’ by BusinessDay. Furthermore, he won ‘Oil and Gas Man
of the Year’ at the prestigious Guardian Awards in 2018 as well as the prestigious Forbes Magazine
Oil & Gas Leader of the year. In January 2019, The Vanguard Media Limited honoured him with the
Businessman of the year award at a gala in Lagos.
