ExxonMobil has pledged nearly 40,000 barrels per day (bpd) in new Nigerian production in the short term after President Bola Ahmed Tinubu’s success in wooing energy investors in the United States (US).
Tinubu in a statement signed by his spokesman, Ajuri Ngelale played host to a delegation consisting of the global leadership of an Oil & Gas transnational giant, ExxonMobil, on Monday in New York.
Ngelale said that the president 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.
Tinubu was quoted as telling the global energy industry in the US that “Nigeria has never been more ready for business than it is now.”
“President Tinubu said that, 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,” Ngelale said.
“He also said that he 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,” the President firmly assured.
ExxonMobil President of Global Upstream Operations, Liam Mallon, assured Tinubu that he is aware of the new and personal commitment that the President is bringing to bear on behalf of Nigeria.
Mallon stated that he 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 the country.