The Special Adviser to President Bola Tinubu on Energy, Olu Verheijen, has outlined efforts and plans of the administration to achieve Nigeria’s ambitious target of increasing oil production to 4 million barrels per day by 2030.
Speaking in an exclusive interview with Arise News on Wednesday, Verheijen said the government is providing fiscal incentives and eliminating bureaucratic bottlenecks to return international oil companies and also encourage local companies as improved investment is crucial to achieving the target.
She explained that the President has taken a hands-on approach to attracting international oil companies (IOCs) and other investors back into Nigeria’s oil sector.