The President also appointed a co-founder of Guaranty Trust Bank (GTB), Mr. Fola Adeola, as chairman of the task force.
The Special Adviser on Information and Strategy to the President, Bayo Onanuga, disclosed this in a statement on Friday in Abuja.
He said the task force is to design and sequence the next phase of structural reforms in Nigeria’s petroleum sector.
According to him, the team will operate as a time-bound, high-level executive working group tasked with producing execution-ready reform blueprints.
Other members of the taskforce 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 within the petroleum sector, and strengthen Nigeria’s position as a leading global energy investment destination.
“The initiative reflects the President’s commitment to transforming Nigeria’s petroleum industry into a more competitive, transparent, and value-maximising sector capable of driving long-term economic growth, macroeconomic resilience, and industrial development,” the statement read.
Adeola, a chartered accountant and entrepreneur, served as GTB pioneer managing director until 2002.
