ExxonMobil’s management has promised to increase output in its Nigerian businesses by roughly 40,000 barrels per day, according to President Bola Tinubu.
This information was released in a statement on Tuesday by Ajuri Ngelale, Special Adviser to the President on Media and Publicity, after Tinubu hosted a group from ExxonMobil in New York.
Tinubu stated that he has demonstrated his ability to make difficult decisions as President and is best equipped to solve issues and crush all bottlenecks preventing new and large-scale capital from flowing into Nigeria’s oil and gas industry. This comes after an illustrious private sector career as a professional accountant in the oil and gas industry.
“The complex problems demand my immediate supervision. Despite having many competing commitments, I will take a seat and supervise the removal of these obstacles to the production of wealth and jobs for the Nigerian people. We understand the business. We developed there. We are in a position to address the issues, and since we are realistic, we will do so, he said.
President of ExxonMobil’s Global Upstream Operations, Liam Mallon, gave Tinubu the reassurance that he is aware of the fresh commitment the President is making on behalf of Nigeria and is in a good position to thank him by making more investments.
Phase one of a fresh investment drive in Nigeria saw Mallon commit to new output of up to 40,000 bpd in its Nigerian facilities.
“You assured us that your staff would work with us, and it has done just that. Since our last meeting, we have made considerable progress. We are increasing our output while putting in a lot of effort to increase deepwater output.
“We value your efforts, and we will return the favour. The moment has come. I appreciate your leadership,” he said.
Recalls that Tinubu left Nigeria to attend the 78th United Nations General Assembly, which is now taking place in New York, United States.
