Ambit Energy Corporation is currently working to expand oil operations throughout West Africa, using the oil fields of Nigeria as a foundation for its own unique business model. This model is built not only on the prior expertise of Ambit Energy Corporation’s CEO and founder Tunde Agbi, but also on his dual Canadian-Nigerian citizenship.
Mr. Agbi’s citizenship status allows his company to headquarter itself in Canada while also being exempt from many restrictions imposed by Nigeria on its oil exports. As a result of these connections, Ambit promises not only to double the returns on shareholder investments compared to its competitors, but to develop strong ties with a key exporter, which can expand into resource opportunities with other potential partners in the region.
Mr. Agbi has already demonstrated his ability to change the landscape of oil production. Under his leadership, Ambit Energy Corporation is prepared to establish a new standard for African oil production.
Africa is already well-known for its precious metals and stones, but it may also be well-known soon for its oil. Oil producers such as Ambit Energy Corporation are looking to expand Africa’s economic presence by establishing relationships with its oil-rich nations, and Nigeria is one such nation. Its unique relationship with Ambit Energy Corporation will help to accelerate its growing involvement with the global economy.
Since the discovery of local oil deposits in 1956, Nigeria has gradually increased its trade income through oil exports. At present, roughly thirty-five percent of Nigeria’s domestic product comes through oil, placing it as Nigeria’s second most valuable resource after agriculture.
For its own protection, Nigeria instituted trade laws that limit exports and require foreign oil producers to fully finance themselves. Ambit Energy Corporation, founded and operated by dual Canadian-Nigerian citizen Tunde Agbi, is allowed to circumvent these restrictions, speeding Nigeria’s growth while promising shareholders that it can deliver an investment return twice that of leading competitors.