Aiteo Boss, Benedict Peters Joins CEOs of Fortune 500 Companies on USAfBC Advisory Board


Oil and Gas magnate and Executive Vice Chiarman and CEO of Aiteo group, Benedict Peters, has been appointed to the Board of Advisors of the U.S.-Africa Business Center (USAfBC) of the U.S. Chamber of Commerce.

In his announcement, Chairman of the U.S.-Africa Business Centre, Scott Eisner commended Mr Peters and his company in strengthening the relationship between the united states and countries across Africa. “We value and appreciate the insights from companies such as yours as they not only benefit the Center, but also play a pivotal role in strengthening the ties between the United States and countries throughout Africa.” He said.

The U.S.-Africa Business Centre was founded by the United States Chamber of Commerce, in order to bridge the gap between U.S business and Africa by providing cutting-edge insights and strategies to the U.S business community on mutual value optimisation in its transregional dealings.

Mr Peters, a renown philanthropist and a catalyst of economic development across Africa, was appointed as a result of his prominent track-record in propelling entrepreneurship and business innovation across the continent. It is also believed that the recognition will serve as a platform for the henchman of African of development to project the image of Nigeria and by extension Africa in favorable light to the international community.  

Following his appointment, Benedict Peters will join CEOs of Fortune 500 companies with a strong influence in Africa such as Chevron, IBM, Caterpillar and Microsoft among others.

Benedict Peters is a billionaire, who founded the Aiteo Group, which has interests primarily in energy and is the largest indigenous oil producing firm in Nigeria by output.

Beyond oil, the Aiteo Group has investments in mining, agriculture, infrastructure development, electricity generation and distribution, with a fast-growing 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 operates in. The group has been expanding rapidly, to extend its operations to different countries across Africa and beyond with emerging international presence.

Earlier in March 2019, he was appointed to the American Committee on the Present Danger with a view to help defend America through public education and advocacy against the full array of conventional and non-conventional dangers posed by the People’s Republic of China. Mr. Peters was also named African Icon the Year by the Foreign Investment Network (FIN) in January 2019, in London, as recognition of his achievements in the oil & gas industry. Furthermore, in 2018, the prestigious Forbes International awarded Africa’s Oil & Gas Leader of the Year for his outstanding contribution to the progress of the continental oil & gas sector.

Mr 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 received the “Leadership CEO of the Year” award. In 2015, Mr. Peters was conferred with the Dr. Martin Luther King Jr. Legacy Awards in the “Economic Empowerment” category. And was listed as one of the ‘50 Most Influential Nigerians in 2017’ by BusinessDay. He was also awarded the ‘Oil and Gas Man of the Year’ at the prestigious 2018 Guardian Awards.

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