Olu Verheijen

Olu Verheijen

politician unknown

Olu Verheijen is the Special Adviser on Energy to President Bola Tinubu of Nigeria. Recently in the news due to the government's approval of a 50% increase in telecom tariffs and a potential rise in electricity tariffs, Verheijen has been vocal about the implications of these economic policies on the Nigerian populace. He highlighted that current electricity tariffs cover only about 65% of supply costs, necessitating substantial government subsidies, which he argues disproportionately benefit the wealthiest Nigerians. His statements emphasize the challenges of electricity access in Nigeria, where approximately 90 million people lack access to the grid, and he has been critical of the timing and impact of proposed tariff increases amidst ongoing economic struggles for the average Nigerian.

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Recent Mentions

Nigeria Nigeria: Olu Verheijen is the Special Adviser to the President on Energy who discussed the potential of Nigeria's refining capacity. 7

The Punch: Nigeria Needs More Petroleum Investors, Dangote Refinery Not

Nigeria Nigeria: Olu Verheijen is the Special Adviser to President Bola Tinubu on Oil and Gas and disclosed the government's commitments under the power sector debt financing programme. 6

The Punch: Nigeria Power Plants Face Collapse Amid Gas Supply Cuts

Nigeria Nigeria: The Special Adviser to the President on Energy, Olu Verheijen, revealed that the new laws have codified four key executive orders aimed at stimulating investment in Nigeria’s oil, gas, and clean energy sectors. 9

The Punch: Tinubu Signs Bills, Reshapes Revenue

Nigeria Nigeria: Olu Verheijen described the signing as a 'historic moment' and a clear demonstration of the administration’s commitment to driving energy sector reforms. 9

The Punch: $6bn Oil Investment Unlocked: Nigeria's New Tax Law

Nigeria Nigeria: The Special Adviser to the President on Energy, Mrs Olu Verheijen, stated that the reform rewards efficiency and strengthens investor confidence. 8

The Punch: Tinubu Signs Order to Slash Oil Project Costs by 40%

Nigeria Nigeria: Olu Verheijen is the Special Adviser to President Bola Tinubu on Energy who indicated that current power tariffs would rise. 5

The Punch: Consumers kick as FG plans fresh power tariff hike

Nigeria Nigeria: Olu Verheijen called NLNG’s success a model for the energy sector in Nigeria. 7

The Punch: Pipeline attacks cripple NLNG operations, MD laments – Punch Newspapers