President Bola Tinubu, on Monday in Abuja, assured the international investment community that his administration would ensure that Nigeria remains a top-level destination for offshore and onshore investments.
Receiving the Group Chairman and CEO of Total Energies Worldwide, Mr. Patrick Pouyanne, the President reiterated the federal government’s commitment to remove all anti-investment impediments in the country.
He commended Total Energies for its years of exploration and investment in Nigeria's oil and gas sector, citing the feat as evidence of the company’s commitment and confidence in Nigeria.
President Tinubu assured the delegation that his administration was determined to improve the investment climate in Nigeria, emphasizing that the aim of the Petroleum Industry Act (PIA) is to create a favorable investment and work environment.
He affirmed his administration’s commitment to making the necessary efforts for industrial peace, harmony, and development.
Patrick Pouyanne, the Global CEO of Total Energies Worldwide, informed President Tinubu that Nigeria was "very important" for Total Energies, accounting for 8 to 10 percent of the company’s worldwide total production and over 18 percent of its global investment.
Pouyanne also highlighted the company's commitment to maintaining its zero-flaring position in Nigeria to both heal the environment and monetize all available gas resources in support of Nigeria’s Energy Transition Plan.
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