Tinubu Announces Petroleum Reform Taskforce

President Bola Ahmed Tinubu announced the creation of a high-level Presidential Petroleum Reform and Value Optimisation Taskforce on March 13, 2026, to guide the next phase of structural reforms in Nigeria's oil and gas sector. The initiative, disclosed through a statement by Bayo Onanuga, the president's special adviser on information and strategy, aims to consolidate ongoing efforts, unlock investment capital and position the country as a top global energy destination.

The taskforce, a time-bound executive working group, will operate as a technical body focused on policy design rather than representation. It will consult industry operators, regulators, investors and civil society while developing actionable strategies. Chaired by Fola Adeola, a co-founder of Guaranty Trust Bank and founder of the Fate Foundation, the group includes members Ademola Adeyemi-Bero, Osagie Okunbor, Abubakar Suleiman, Adaeze Aguele, Farouk Gumel, Phillipa Osakwe-Okoye and Seyi Bella. Mofoluwasho Fadayomi serves as secretary.

Tinubu directed the taskforce to deliver three key reform blueprints within six months. The first, an Implementation Toolkit for Immediate Structural Fixes, will feature draft...