President Bola Tinubu has approved the creation of a high-level Presidential Petroleum Reform and Value Optimisation Task Force, aimed at shaping the next phase of structural change in Nigeria’s oil and gas industry. The new body is expected to produce execution-ready reform plans that build on ongoing initiatives, unlock investment and strengthen Nigeria’s position as a global energy destination. The task force will be chaired by Fola Adeola, co-founder of Guaranty Trust Bank (GTB) and founder of the Fate Foundation. Adeola will coordinate the group’s work and oversee delivery within a fixed timeline. Other members are Ademola Adeyemi-Bero, Osagie Okunbor, Abubakar Suleiman, Adaeze Aguele, Farouk Gumel, Phillipa Osakwe-Okoye and Seyi Bella, with Mofoluwasho Fadayomi serving as secretary. According to the Presidency, the task force is designed as a technical reform body rather than a representative committee. It will consult widely with industry operators, regulators, invest...