In a strategic move aimed at strengthening reforms and enhancing value creation in Nigeria’s petroleum sector, President Bola Ahmed Tinubu has approved the appointment of renowned banker and entrepreneur, Fola Adeola, as Chairman of the newly constituted Presidential Petroleum Reform And Value Optimisation Taskforce.
Fola Adeola, a respected figure in Nigeria’s financial and development landscape, is widely known as the co-founder of Guaranty Trust Bank and the founder and chairman of FATE Foundation. His appointment is expected to bring deep private-sector experience, strategic insight, and reform-driven leadership to the taskforce’s mandate of improving efficiency, transparency, and value optimisation across Nigeria’s petroleum value chain.
The taskforce comprises a team of distinguished professionals drawn from the energy, finance, and policy sectors. Members include Ademola Adeyemi-Bero, Osagie Okunbor, Abubakar Suleiman, Adaeze Aguele, Farouk Gumel, Phillipa Osakwe-Okoye, and Seyi Bella.
Mofoluwasho Fadayomi will serve as the Secretary of the taskforce.
The Presidential Petroleum Reform & Value Optimisation Taskforce is expected to play a pivotal role in advising the Federal Government on strategies to deepen reforms in the oil and gas sector, unlock investment opportunities, and ensure that Nigeria maximizes the economic value of its petroleum resources in line with the administration’s broader economic transformation agenda.