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First with the News
Home Economy

Saudi Arabia Cut Oil Production To Help Nigeria – Buhari

September 8, 2021
in Economy, Top Stories
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President Muhammadu Buhari.

President Muhammadu Buhari.

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By John Ikani 

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

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Buhari gave the commendation on Tuesday while playing host to Faisal Bin Farhan Al-Saud, Saudi Arabia’s Minister of Foreign Affairs, at the Presidential Villa, Abuja.

Presidential Spokesman, Femi Adesina, in a statement on his verified Facebook page, quoted Buhari as saying that 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.”

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

“It is long and steadfast,” the President added.

Prince Al-Saud brought greetings from King Salman bin Abdulaziz Al-Saud, saying the kingdom appreciates the relationship with Nigeria, “which dates back 61 years, and we want to strengthen it even further.”

The two countries, he said, 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 submitted.

Tags: Faisal Bin Farhan Al-SaudPresident Muhammadu Buhari
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