President Bola Tinubu asserted Nigeria’s readiness for significant strides in the oil sector, expressing his resolve to address pertinent issues affecting businesses in the country. Speaking in New York during a meeting with the global leadership of ExxonMobil, he emphasized Nigeria’s newfound determination to secure substantial investments from leading energy corporations.
President Tinubu emphasized, “Nigeria has never been more ready for business than it is now.” He underscored his personal commitment to overseeing the resolution of complex challenges, ensuring job creation and economic prosperity for the Nigerian populace. Drawing on his extensive experience in the oil and gas industry, Tinubu assured that he is well-equipped to tackle obstacles hindering capital inflow.
The President of Global Upstream Operations at ExxonMobil, Mr. Liam Mallon, acknowledged President Tinubu’s dedicated involvement on behalf of Nigeria. He pledged substantial new investments, aiming for a notable increase in production, particularly an initial surge of nearly 40,000 barrels per day in Nigerian operations as part of an expansive investment endeavor.
Mallon commended Tinubu’s collaborative approach, highlighting the progress made since their last meeting. He affirmed ExxonMobil’s commitment to reciprocate the President’s efforts and emphasized the opportune moment for enhanced cooperation. In conclusion, he expressed gratitude for President Tinubu’s leadership in driving forward this crucial economic partnership.