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The Tinubu Presidency and Nigeria’s Energy Challenges
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.