Bracewell’s Adam Blythe told Energy Voice that the energy industry would welcome Bola Tinubu as the new president of Nigeria.
“Tinubu represents something of a continuity candidate and he has indicated a willingness to continue to implement the [Petroleum Industry Act] PIA,” said Blythe. “While there is a wider election process still to run and be completed, a Tinubu presidency may increase the chance of ministerial consents being issued for upstream M&A deals during the upcoming ‘lame duck’ period.”
Nigeria’s Independent National Electoral Commission (INEC) declared Tinubu had won on March 1, seeing off competition from 17 other presidential candidates.
