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Falling prices: Jonathan challenges oil producing nations

By on November 12, 2014

President Goodluck Jonathan on Monday advised oil producing countries to cooperate more and work together in order to overcome the current challenge of falling crude oil prices.

Jonathan made the suggestion while granting audience to Angola’s new Ambassador to Nigeria, Mr. Eustaquio Quibato, who was at the Presidential Villa, Abuja to present his letter of credence.

A statement by the Special Adviser to the President on Media and Publicity, Dr. Reuben Abati, quoted him as saying that African oil producing countries particularly needed to come together and devise the best ways of protecting their domestic economies from the vagaries of fluctuating oil prices.

“We are blessed with oil and we must continue to do all that we possibly can to maximise its benefits for our countries and the African continent,” Jonathan reportedly told the envoy.

Noting that Nigeria and Angola had always had cordial bilateral relations, the President called for the expansion of trade, economic, cultural and political cooperation between the two countries.

“For years, we have had a solid relationship. Historically, we have been together. So Nigeria and Angola should also work with greater synergy at the continental and global fora,” the President added.

At another audience with Hungary’s new Ambassador to Nigeria, Dr. Ternak Gabor, the President was also reported to have called for greater international support and assistance for the West African countries being plagued by the Ebola Virus Disease.

 

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