Nigeria & Saudi Arabia vow to fix oil prices

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Nigeria’s President Muhammadu Buhari and King Salman Bin Abdul-Aziz of Saudi Arabia say they will do everything possible to ensure a rebound of oil price and a stable market . . .

President Buhari and Abdul-Aziz expressed this commitment in Riyadh, at a bilateral meeting hosted by the Saudi leader.

A statement by President Buhari’s Senior Special Assistant on Media and Publicity, Mallam Garba  Shehu, said both leaders accepted the fact that their countries’ economies are tied to oil and that all cannot be well with both countries when then the world oil market is unstable.

According to Shehu, both leaders therefore committed themselves to doing all that is possible to stabilise the market and rebound the oil price.

He said both leaders who also engaged in extensive discussions on regional and global issues, agreed that terrorism posed a common threat to their countries and would require close cooperation to prevail over the threats.

Shehu said Buhari, while making his first pronouncement on the invitation to join the coalition of Islamic states against terror spearheaded by the Saudis, congratulated the Kingdom on its formation.

“Even if we are not a part of it, we support you.  I must thank the Kingdom of Saudi Arabia for the recent creation of a coalition to address the menace of international terrorism. Nigeria will support your efforts in keeping peace and stopping the spread of terror in your region.  This is in consonance with our own commitment and on-going efforts in seeking to stamp out Boko Haram terrorists from the West African sub-region and Lake Chad Basin Commission (LCBC)”, Buhari said.

While speaking on global terror, Buhari said: “international terrorism made a statement by attacking one of the advanced countries by carrying out an attack on Paris in which 130 were killed. Now we have to come together to find a common solution to the problem of terrorism.”

President Buhari thanked the Saudi government for its continuing support to Nigeria in the fight against terrorism.

Buhari regretted that the late Libyan leader Muammar Ghaddafi recruited, trained and armed citizens of many states in the Sahel region, saying “With his fall, these mercenaries have returned to their countries, doing nothing but to shoot and kill”.

President Buhari cited Burkina Faso and Mali as the main victims, but expressed happiness that the countries neighbouring the Lake Chad had tightened their ranks to finish off the Boko Haram threat.

“Luckily, we have cultivated our neighbors. We are now working together against Boko Haram; otherwise the problem would have become worse.”

Buhari and King Salman hoped that the Libyan factions would soon see reason to reunite and restore fully their own country in order to save the world from further terrorism spin-offs from that country.

Daily Trust



Nigeria & Saudi Arabia vow to fix oil prices