President Bola Tinubu has emphasised that Nigeria will no longer settle for crumbs and leftovers on the world’s investment agenda, especially in the energy sector. He noted that the country is now more prepared for business than ever before.
He made this assertion while hosting a delegation from ExxonMobil, a global Oil and Gas transnational giant, in New York on Monday.
Tinubu pointed out that with an illustrious private sector career, particularly in the oil and gas industry, and a proven track record of making difficult decisions, he is well-prepared to address challenges and remove obstacles hindering significant capital influx into Nigeria’s oil and gas sector.
He stated, “The complex issues require direct supervision on my part. Despite my numerous responsibilities, I am committed to overseeing the process of eliminating these obstacles to job creation and wealth generation for the Nigerian people.
We understand the industry. We grew up in it. We are well-positioned to solve these problems, and we are pragmatic. We will resolve the issues.”
In his remarks, ExxonMobil’s President of Global Upstream Operations, Liam Mallon, assured the President of ExxonMobil’s awareness of his new and personal commitment on behalf of Nigeria.
He pledged new investments, promising an additional production of nearly 40,000 barrels per day (bpd) in phase one of their new investment initiative in Nigeria.
Mallon stated, “As you mentioned, your team would collaborate with us, and that has proven to be true. We have made significant progress since our last meeting.
We are increasing our production and working diligently to expand our deepwater production. We appreciate your efforts, and we are ready to reciprocate. The timing is perfect. Thank you for your leadership.”
YOU SHOULD NOT MISS THESE HEADLINES FROM NIGERIAN TRIBUNE
God said you must not marry more wives, Gbile Akanni warns new Soun of Ogbomosho
Founder of Peace House, Bro Gbile Akanni has sent a stern warning to the newly installed Soun of…
How Nigeria can work again, Adebanjo, others speak
Some of the critical issues that engaged the leaders, one of whom was among…
We’ve not lifted visa ban on Nigeria — UAE
The United Arab Emirates has contradicted claims by the Nigerian government that it is to lift a year-long visa ban on…
Five ways to cope with September floods
September is the month for heavy rainfall. Already, there are alerts from government agencies on likely flooding between…
#BBNaijaAllStars: Kim Oprah predicts top 3 finalists
Evicted Big Brother Naija house guest, Kim Oprah has predicted the finalists for the ongoing ‘All Stars’ edition of…
LALIGA unveils vision for Africa, introduces new managing director
LALIGA, the world-renowned Spanish football league, took a significant stride towards its commitment to Africa by…
and then