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Nigeria’s Adeyemi-Bero appointed OPEC Board of Governors chairman

The FrontierThe FrontierDecember 11, 2024 3451 Minutes read0

•Ademola Adeyemi-Bero

Ademola Adeyemi-Bero has been appointed as Nigeria’s Governor for Organisation of the Petroleum Exporting Countries (OPEC), as well as the Chairman of the OPEC Board of Governors for 2025.

His appointment was confirmed at the 189th meeting of the OPEC Conference, said Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri.

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In a statement by his media aide, Nneamaka Okafor, the minister hailed Adeyemi-Bero’s elevation as a testament to Nigeria’s active contributions to the global oil industry.

Lokpobiri emphasised that this appointment provides Nigeria with a vital platform to advocate for balanced energy policies that benefit oil producers, consumers, and the global economy.

Prior to his appointment as the Chairman of the OPEC Board of Governors, Adeyemi-Bero was confirmed as Nigeria’s OPEC Governor for the year 2025.

The minister also expressed profound gratitude to Ambassador Gabriel Aduda, the outgoing Nigerian OPEC Governor, for his exemplary service. He acknowledged Ambassador Aduda’s instrumental role in advancing Nigeria’s interests within OPEC and ensuring the country’s influential presence in global energy discussions.

In addition, OPEC appointed Adeeb Al-Aama as Governor of Saudi Arabia for OPEC, as the Alternate Chairman of the Board of Governors for 2025.

The OPEC Conference brought together representatives from member countries to address significant issues, including reports from the Secretary-General and the Economic Commission Board (ECB), and to deliberate on critical internal matters.

The Conference also extended the tenure of His Excellency Haitham Al Ghais as OPEC Secretary General for another three years, effective August 1, 2025. Member nations commended his exceptional leadership and the Secretariat’s unwavering commitment to the organization’s objectives.

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He told the gathering that despite challenges confronting the country, the Tinubu administration was working to reposition the economy, particularly in education, healthcare, science and technology and agriculture, while creating an environment capable of attracting investment. In a statement issued by Senior Special Assistant to the President on Media and Communications, Office of the Vice President, Stanley Nkwocha, Shettima said, “Rest assured that beyond the negative stories that you hear and see in the social media, Nigeria is open for business. We have crossed the Rubicon, and we are on the path of sustained growth”. He called on Nigerians abroad to play a more active role in the country’s development, describing the diaspora’s knowledge, expertise, and intellectual capital as critical assets in Nigeria’s quest for economic transformation. According to him, the administration intends to leverage the intellect of Nigerians abroad, which he described as “the greatest resource of the future.” “Citizens of our country have the capacity and intellect to harness our nation’s potential and take it to greater heights”, the Vice President added. Shettima said President Tinubu had shown courage in confronting difficult economic problems from the start of his administration, rather than blaming previous governments for the situation he inherited. “When President Tinubu assumed office, he did not resort to trading blames and accusing his predecessor for the state of affairs of our nation. Rather, he took decisions that only a leader of courage and conviction would take”, he said. The vice president said the administration’s economic measures had helped raise foreign reserves from $3.9 billion to more than $55 billion, alongside improvements in the exchange rate and economic growth. 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