The Nigerian business community is in mourning following the transition of Dr Nuel Ojei, the Chairman and CEO of Nuel Ojei Holding Limited (NOHL). The distinguished industrialist passed away on Sunday, December 28, 2025, at the age of 74. His death marks the end of an era for one of Nigeria’s most diversified indigenous conglomerates, leaving a significant void in the country’s private sector.
A statement released by the family confirmed the passing of the visionary leader, describing him as a man of immense integrity and a pillar of the community. While the family has requested privacy during this difficult period, they noted that funeral arrangements would be announced in due course.
A Legacy of Diversification
Dr Ojei was a formidable force in the Nigerian corporate landscape for several decades. Under his leadership, Nuel Ojei Holding Limited grew into a multi-billion naira empire with interests spanning several critical sectors of the economy. His business acumen was most visible in the automotive industry, where he served as a major distributor for global brands, including Mazda and Mitsubishi.
However, his influence extended far beyond car sales. He successfully navigated the complex worlds of oil and gas, banking, insurance, and real estate. His ability to maintain a sustainable business model across these varied industries earned him the reputation of a strategic thinker who could identify emerging market trends long before they became mainstream.
Impact and Philanthropy
Born in Delta State, Dr Ojei remained deeply connected to his roots throughout his life. He was widely respected for his commitment to human capital development and his philanthropic efforts. Through his various business arms, he provided thousands of jobs for Nigerians and was known for mentoring younger entrepreneurs.
His contributions to the Nigerian economy were recognised through numerous awards and honorary degrees. He was frequently cited as an example of how indigenous companies could compete with multinational corporations by focusing on quality service and ethical business practices.
Tributes Flow In
As news of his passing spread, tributes from business leaders, politicians, and former employees began to flood in. Many described him as a “silent achiever” who preferred his work to speak for him. Colleagues in the automotive and energy sectors highlighted his resilience and his role in advocating for policies that supported local businesses.
Dr Ojei’s death comes at a time when Nigeria’s private sector is undergoing significant transformation. His colleagues remarked that his wisdom and experience would be sorely missed as the industry navigates current economic challenges.
He is survived by his wife, children, and grandchildren. His passing is not only a loss to his immediate family but also to the Nigerian nation, which benefits from the industrial foundations he helped build over nearly half a century of active business life. As the nation prepares to bid him farewell, Dr Nuel Ojei leaves behind a legacy of industrial excellence and a roadmap for indigenous success in a globalised economy.
