Abuja, Monday - President Bola Tinubu assured the international investment community of Nigeria's commitment to becoming a premier destination for offshore and onshore investments. During a meeting with Total Energies Worldwide CEO, Patrick Pouyanne, President Tinubu reiterated the government's determination to eliminate obstacles hindering investment in the country.

"We are committed to removing all cobwebs and anti-investment impediments in the oil and gas industry. We have a clear path that we are committed to pursuing. We are ready to work with you," President Tinubu stated.

Commending Total Energies for its extensive exploration and investment in Nigeria's oil and gas sector, he highlighted the company's commitment and confidence in the nation.

President Tinubu emphasized the Petroleum Industry Act (PIA) as a key instrument to create a favorable investment and work environment, assuring the delegation of his administration's dedication to improving Nigeria's investment climate.

"The moment I took over, there was a clear path that we set out to pursue, and we will ensure that Nigeria remains a top-level investment choice in the dynamics of the offshore and onshore sectors," he affirmed.

Addressing Total Energies' Global CEO, Patrick Pouyanne, President Tinubu expressed the government's commitment to reviewing fiscal and other challenging areas to incentivize gas production during the transition to cleaner energy.

In response, Pouyanne acknowledged Nigeria's significance for Total Energies, representing 8 to 10 percent of the company's worldwide total production and over 18 percent of its global investment.

"Mr. President, we are ready to invest $6 billion in the coming years. We welcome your policies and your personal commitment to ensuring that all required fiscal incentives are provided while security issues are tackled," stated Pouyanne. He also emphasized the company's commitment to maintaining a zero-flaring position in Nigeria, supporting the nation's Energy Transition Plan by monetizing all available gas resources.

The meeting concluded with both parties expressing optimism about the partnership and the potential to unlock outstanding opportunities in Nigeria's oil and gas sector.