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The President also appointed one of the founders of Guaranty Trust Bank (GTB), Mr Fola Adeola, as chairman of the task force.
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This was revealed by the President’s Special Adviser on Information and Strategy, Bayo Onanuga, in his statement, Friday, in Abuja.
He said the task force would design and structure the next phase of structural reforms in Nigeria’s oil sector.
According to him, the team will operate as a high-level executive working group with a time limit and tasked with producing a reform blueprint that is ready to be implemented.
Other members of the task force are Ademola Adeyemi-Bero, Osagie Okunbor, Abubakar Suleiman, Adaeze Aguele, Farouk Gumel, Phillipa Osakwe-Okoye, and Seyi Bella, with Mofoluwasho Fadayomi serving as secretary.
Onanuga added that the task force would consolidate ongoing reforms, unlock capital in the petroleum sector, and strengthen Nigeria’s position as a leading global energy investment destination.
“This initiative reflects the President’s commitment to transforming the Nigerian petroleum industry into a more competitive, transparent and value-maximizing sector capable of driving long-term economic growth, macroeconomic resilience and industrial development,” the statement read.
Adeola, an accountant and entrepreneur, served as managing director of pioneering GTB until 2002.
