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By Funsho Arogundade
It’s a trite to re-emphasise the solid reputation of distinguished energy magnate, High Chief Orikolade Karim as a leading figure in Africa’s business landscape. Karim’s investment style has been that of subtlety thus many hardly knew he has been cleaning out on some high-profile deals. The affable tycoon has quietly built his Shoreline Group over the last few years to become a leading, multi-billion dollar indigenous energy firm. His Shoreline Group currently owns 45 per cent shares in OML 30, one of the biggest onshore assets in the country (reserves at 800 million barrels and 2.5 trillion cubic feet of Gas). The group’s current production is at 45,000 bpd with plans to increase it to 100,000 bpd in 2030.
Karim’s innovative spirit and strategic mindset mark him as one of the continent’s most audacious entrepreneurs. Indeed, his influence extends beyond the boardroom; it permeates the very fabric of the business community in Africa. Over time, Karim has skilfully navigated the complexities of the oil and gas industry, transforming his aspirations into a series of notable accomplishments. But the billionaire businessman seems not content to be seen as a continental player. Thus in a bold move that signals the rising global ambition of the energy entrepreneur, Karim has completed the acquisition of producing oil assets in the United States.
The Polo-loving tycoon announced the next big move on the sideline of the Nigeria International Energy Summit (NIES) 2026 in Abuja. The deal marks a rare instance of a Nigerian independent operator exporting its home-grown operational know-how to the American market.
Karim framed the acquisition as a symbiotic exchange between two very different energy environments —from Nigeria to the United States. The acquisition will also provide a revenue hedge as Nigeria navigates shifting fiscal terms and the ongoing divestment by oil majors.
As the accomplished entrepreneur and philanthropist crosses the Atlantic, his remarkable ascent in wealth and status has not dulled his sense of responsibility; instead, it has inspired him to invest generously in charitable causes, improving the lives of many. Karim has been recognised at home and abroad not just for his entrepreneurial ventures but also for his exemplary character, encompassing virtues such as diligence, excellence, and integrity.
On Wednesday January 14 during the 15th convocation of Fountain University, Osogbo Osun State, Karim, the holder of the title, Agbaoye of Ibadanland, was awarded an honorary Doctor of Science (Honoris Causa) in Business Administration. This prestigious recognition is a testament to his profound impact on the business world and his philanthropic efforts.
