President Bola Ahmed Tinubu has established a Presidential Petroleum Reform & Value Optimisation Taskforce to drive structural reforms in the country’s petroleum sector.
The task force, chaired by Fola Adeola, co-founder of Guaranty Trust Bank, will design and sequence the next phase of reforms to unlock capital, strengthen Nigeria’s energy investment appeal, and drive economic growth.
The task force comprises Ademola Adeyemi-Bero, Osagie Okunbor, Abubakar Suleiman, Adaeze Aguele, Farouk Gumel, Phillipa Osakwe-Okoye, and Seyi Bella, with Mofoluwasho Fadayomi as secretary.
The task force will focus on producing execution-ready reform blueprints to consolidate ongoing reforms, unlock capital, and position Nigeria as a leading global energy investment destination. It will report directly to President Tinubu and provide monthly progress updates.
The task force is expected to deliver three major reform blueprints, including an Implementation Toolkit for Immediate Structural Fixes, a Capital & Liquidity Acceleration Blueprint, and a National Energy Transformation Strategy.
All government ministries, departments, and agencies are directed to provide full technical support to the task force and align their activities with the emerging reform framework.
The task force will dissolve upon submission and acceptance of its final report, expected within six months of inauguration.
