2027: Coalition backs Tinubu’s re-election, says only continuity can sustain IOC confidence in Oil sectorA civil society coalition, the Alliance for Energy Stability and Economic Growth (AESEG), has urged Nigerians to support President Bola Tinubu’s 2027 re-election bid, noting that his administration has restored investor confidence in the oil and gas sector. The approval, granted under Section 95 of the Petroleum Industry Act (PIA) 2021, followed a rigorous due diligence process confirming the firms’ technical competence, financial strength, and managerial capacity to sustain deepwater operations in the Bonga field. Today, we see Shell consolidating its stake in Nigeria’s deepwater, we see Agip reaffirming its commitments, and we see a regulator that is firm in protecting government interests. The group further argued that Nigeria’s oil and gas industry is entering a period of “delicate balance” as IOCs divest from onshore operations while strengthening deepwater investments. We therefore urge Nigerians to support President Tinubu’s re-election in 2027,” the statement said.