Tinubu says he has the capacity to solve Oil & Gas industry problems

President Bola Ahmed Tinubu has reinstated his commitment to address the bottlenecks in Nigeria’s oil and gas industry, saying he has the capacity to make difficult decisions.

The President said this on Monday, September 18, 2023, when he played host to a delegation of global leadership of ExxonMobil in New York.

Tinubu said following his career in the private sector where he worked as an accountant in the oil and gas industry, he has proven his capacity to make difficult decisions.

He said as a President, he is best prepared to solve problems and crush all bottlenecks in the oil and gas industry.

In a statement by his spokesperson, Ajuri Ngelale, on Tuesday, September 19, 2023, Tinubu promised to remove the bottlenecks to wealth and job creation for Nigerians.

“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 said.

However, during their meeting, ExxonMobil President of Global Upstream Operations, Liam Mallon, said he’s aware of Tinubu’s personal commitment to Nigeria.

He promised to support the president’s efforts with new investment as he pledged new production of nearly 40,000 bpd in its Nigerian operations.

“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,” Mallon said.