President Bola Tinubu has told oil and Gas internationals that Nigeria is no longer settling for crumbs and leftovers on the investment agenda of the world’s most prolific energy conglomerates, saying “Nigeria has never been more ready for business than it is now.”
President Tinubu made the statement when he played host to the leadership of oil and Gas transnational giant Exxon Mobil in New York at the sideline of the United Nations General Assembly, the president said following an illustrious private sector career as a professional accountant in the oil & gas industry, he has proven his capacity to take difficult decisions as President and is best prepared to solve problems and crush all bottlenecks standing in the way of new and large-scale capital flowing into Nigeria’s oil & gas industry.
ExxonMobil President of Global Upstream Operations, Liam Mallon, assured President Tinubu that he is aware of the new and personal commitment that the President is bringing to bear on behalf of Nigeria and is well placed to reciprocate the President’s efforts with new investment as he pledged new production of nearly 40,000bpd in its Nigerian operations in phase one of a new investment push in Nigeria.
“What you told us was that your team would collaborate with us, and that has proven true. We have made significant progress since we last met. We are growing our production, and we are working hard on expanding in the deep water production. We appreciate your efforts, and we will respond in kind. The time is right. Thank you for your leadership,” the ExxonMobil President stated.
Editor: Ena Agbanoma