Home NEWSLETTER Buhari, Saudi Arabia King Plan to Restore Stability To Global Oil Market

Buhari, Saudi Arabia King Plan to Restore Stability To Global Oil Market

President Muhammadu Buhari and King Salman Bin Abdul-Aziz of Saudi Arabia have expressed their commitment to finding a lasting solution to the lingering crash in the prices of oil.

President Buhari and Abdul-Aziz expressed this commitment in Riyadh on Tuesday, February 23, at a bilateral meeting hosted by the latter.

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 the world oil market is unstable.

Shehu said both leaders therefore committed themselves to doing all that was 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.

 

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