President Bola Tinubu has said that Nigeria is now fully prepared for business and no longer willing to settle for crumb and leftovers investment from major energy conglomerates worldwide.
The president stated this during a meeting with ExxonMobil’s global leadership in New York, as conveyed in a statement by his spokesperson, Ajuri Ngelale, on Tuesday.
“Nigeria has never been more ready for business than it is now”,Tinubu said.
He further explained that following an illustrious private sector career as a professional accountant in the oil and gas industry, he has proven his capacity to take difficult decisions as President and is best prepared to solve problems and crush all bottlenecks standing in the way of new and large-scale capital flowing into the 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 assured.
On his part, the 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 40,000 bpd in its Nigerian operations in phase one of a new investment push in Nigeria.
He said, “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 deep water production. We appreciate your efforts, and we will respond in kind. The time is right. Thank you for your leadership.”