In a pivotal meeting at the State House in Abuja, President Bola Tinubu assured the global investment community of his administration’s commitment to maintaining Nigeria’s prominence as a preferred destination for both onshore and offshore projects.
During discussions with Mr. Patrick Pouyanne, Group Chairman and CEO of Total Energies Worldwide, President Tinubu stated, “The moment I took over, there was a clear path that we set out to pursue, and we will ensure that Nigeria remains a top-level investment choice in the dynamics of the offshore and onshore sectors.”
President Tinubu outlined the government’s focus on promoting gas production in the context of the global shift towards greener energy.
“In order to encourage gas production in the era of the shift to greener energy, we will examine problematic regions from a financial and non-fiscal standpoint,” he affirmed.
Expressing the administration’s dedication to removing barriers to investment, President Tinubu reiterated, “We are dedicated to clearing out any obstacles to investment in the oil and gas sector. We are prepared to collaborate with you.”
He praised Total Energies for its enduring commitment to exploration and investment in Nigeria’s oil and gas industry, citing it as evidence of the company’s enduring faith and dedication to the country.
President Tinubu emphasized the recent enactment of the Petroleum Industry Act, highlighting its aim to create a conducive business environment and further elevate Nigeria’s investment climate.
Total Energies’ Global CEO, Patrick Pouyanne, conveyed the company’s substantial commitment to Nigeria, stating, “Mr. President, we are prepared to invest $6 billion in the upcoming years.” Pouyanne commended President Tinubu’s policies and personal pledge to offer necessary financial incentives while addressing security concerns.
He stressed the Total Energies’ unwavering commitment to maintaining its zero-flaring status in Nigeria, aligning with Nigeria’s Energy Transition Plan.
Pouyanne assured that the company aims to unlock the outstanding potential in both oil and gas, contributing to environmental enhancements and leveraging available gas resources for mutual benefit.
