ExxonMobil’s management has promised to increase production 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 delegation 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.
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 new investment push in Nigeria saw Mallon commit to new output of up to 40,000 bpd in its Nigerian facilities.
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