In a significant meeting held on Monday in New York, President Bola Tinubu extended a warm welcome to a high-profile delegation representing ExxonMobil, a renowned global player in the Oil and Gas sector.
During this crucial encounter, President Tinubu emphatically conveyed Nigeria’s stance, asserting that the nation is no longer content with meagre offerings and leftovers when it comes to global investment opportunities, especially from the world’s most prolific energy conglomerates.
President Tinubu proclaimed, “Nigeria’s readiness for business has never been more evident than it is today.” He backed this statement with confidence, drawing upon his distinguished career in the private sector as a seasoned accountant within the oil & gas industry.
President Tinubu empathised with his demonstrated ability to make tough decisions, underscoring his readiness to tackle challenges and eliminate all hindrances obstructing the inflow of substantial capital into Nigeria’s thriving oil and gas sector.
“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 President Tinubu that he is aware of the new and personal commitment that the President is bringing to bear on behalf of Nigeria and 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 Nigeria.
“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 ExxonMobil President stated.