Tinubu assures collaboration as ExxonMobil pledges 40,000bpd in Nigerian production

President Bola Tinubu says he is prepared to solve problems and crush all bottlenecks standing in the way of new and large-scale capital flowing into Nigeria’s oil and gas industry.

Tinubu stated that as a professional accountant in the oil and gas industry, he has proven his capacity to take difficult decisions as president, noting that Nigeria will no longer settling for crumbs and leftovers on the investment agenda of the world’s most prolific energy conglomerates, ExxonMobil.

The president said this during a meeting with ExxonMobil President of Global Upstream Operations, Liam Mallon, in New York on Monday.

Tinubu, in a statement issued on Tuesday by his spokesman, Ajuri Ngelale, said: “Nigeria has never been more ready for business than it is now.

READ ALSO: Tinubu to AU: Nigeria’ll work with you for Africa’s devt

“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.”

On his part, Mallon said ExxonMobil is well placed to reciprocate Tinubu’s efforts commencing with a new production of nearly 40,000bpd in its Nigerian operations in phase one of a new investment push in the country.

The ExxonMobil President stated: “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.”

The Star