Sunday, April 28, 2024
MARKET UPDATE
Advertisement Topt

TheCable

Advertisement lead

Buhari: Saudi Arabia has been kind to Nigeria by reducing oil output a number of times

Buhari: Saudi Arabia has been kind to Nigeria by reducing oil output a number of times
September 07
15:27 2021

President Muhammadu Buhari has commended the Saudi Arabian government for reducing oil production “a number of times” to accommodate Nigeria.

Buhari spoke on Tuesday while playing host to Faisal Bin Farhan Al-Saud, Saudi Arabia’s minister of foreign affairs, at the presidential villa, Abuja.

Femi Adesina, presidential aide, quoted the president as saying Nigeria needs oil revenue to cater to its large population and infrastructural deficit.

Buhari described the relationship between Nigeria and Saudi Arabia as “long and steadfast”.

Advertisement

“Receiving HRH Prince Faisal Bin Farhan Al-Saud, the President said with Nigeria’s large population and infrastructural deficit, the country needed all the revenue she could get from oil, a mainstay of the economy, and Saudi Arabia has been very kind to us, making sacrifice by reducing production to accommodate us a number of times,” the statement reads.

“President Buhari noted that the relationship between the two countries is very strong, “and dates back in time, both at the personal and national levels.”

On his part, the Saudi Arabian minister said the Kingdom appreciates the relationship with Nigeria while stressing that Saudi Arabia wants to strengthen it further.

Advertisement

He said the two countries have good prospects both economically and politically, not just among the leaders, but also the people.

“There’s still a lot we can do together,” the Prince was quoted as saying.

Click on the link below to join TheCable Channel on WhatsApp for your Breaking News, Business Analysis, Politics, Fact Check, Sports and Entertainment News!

Tags

0 Comments

No Comments Yet!

There are no comments at the moment, do you want to add one?

Write a comment

Write a Comment

error: Content is protected from copying.