Investment: ‘Nigeria has Never been More Ready for Business than it is Now’, Tinubu Tells ExxonMobil
President Bola Tinubu played host to a delegation consisting of the global leadership of an energy giant, ExxonMobil, in New York, where he made his position known 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.”
This was disclosed in a statement by the Special Adviser to the President (Media & Publicity), Chief Ajuri Ngelale.
Tinubu who had a private sector career as an accountant in the oil & gas industry, said 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.
“The knotty issues require direct supervision on my part. Despite many contending obligations, I will sit down and oversee the process of removing these encumbrances to job and wealth creation for the Nigerian people. We know the industry. We grew up in it. We are positioned to solve the problems, and we are pragmatic, and we will solve the problem,” Tinubu assured.
ExxonMobil President of Global Upstream Operations, Liam Mallon, pledged new production of nearly 40,000bpd in its Nigerian operations in phase one of a new investment push in the country.
“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 deepwater production. We appreciate your efforts, and we will respond in kind. The time is right. Thank you for your leadership,” Mallon stated.