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Nairaland Forum / Nairaland / General / Politics / – President Buhari Opec Members Must Cooperate To Stabilise Market (612 Views)
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– President Buhari Opec Members Must Cooperate To Stabilise Market by husnath(m): 1:16pm On Feb 28, 2016 |
OPEC MEMBERS MUST COOPERATE TO STABILISE MARKET
– PRESIDENT BUHARI President Muhammadu Buhari on Sunday in Doha emphasised the need for member states of Organisation of Petroleum Exporting Countries (OPEC) and non-OPEC members to cooperate and find a common ground to stabilise crude oil prices. Speaking at a bilateral meeting with the Sheikh Tamim Bin Hammad Al-Thani, the Emir of the State of Qatar, President Buhari described the current market situation in the industry, which has seen oil prices plummet by 70 per cent since mid-2014, as ``totally unacceptable.’’ ``As members of OPEC and Gas Exporting Countries Forum (GECF), our relations in the areas of oil and gas, which our two nations heavily rely on, need to be enhanced and coordinated for the benefit of our people. ``The current market situation in the oil industry is unsustainable and totally unacceptable. ``We must cooperate both within and outside our respective organisations to find a common ground to stabilize the market, which will be beneficial to our nations,’’ the President said on the second day of his state visit to Qatar. The President used the occasion of his address to the Emir to commend the existing cordial bilateral relations between both countries and invited prospective Qatari investors to take advantage of the abundant opportunities in Nigeria and invest in the key areas of energy, agriculture, real estate development, banking and finance. He assured prospective investors of government protection of their persons and investment, noting that in the course of his visit, the delegations from Nigeria and Qatar would formalise at least two bilateral agreements to boost economic cooperation between both countries. President Buhari also weighed-in on the situation in the Middle East, commending the role Qatar is playing in resolving the present Syrian crisis, the Palestinian cause and efforts in reconstructing Gaza. ``The conflicts in Yemen and Syria with their attendant humanitarian crisis need genuine international effort to solve. Nigeria as a peace loving country identifies with the State of Qatar in all her peace efforts in the world to end terrorist activities. ``Nigeria is a victim of terrorism. It is with heavy heart that I stand before you and say activities of Boko Haram have led to loss of many lives and displacement of innocent people in our dear nation. ``We, however, take pride to inform you that since our coming to power, Boko Haram has been systematically decimated and are in no position to cause serious threat to our development programs. ``I wish to reiterate that Nigeria rejects violence and extremism in all their ramifications, and assure your Highness that we are with the State of Qatar in your efforts to fight terrorism and injustice in your region and in the world at large.’’ President Buhari also called for a lasting solution to the Israeli – Palestinian conflict , saying ``we in Nigeria, like the State of Qatar, favour a ‘Two State’ solution, with the State of Palestine living side by side with the State of Israel. ``I want to assure you that we will stand side by side with you, until our brothers and sisters in Palestine achieve their desired objectives. ``Our support for various Security Council resolutions restoring and respecting 1967 boundaries with Jerusalem as capital of Palestine is firm and unshaken,’’ he said. Femi Adesina Special Adviser to the President (Media& Publicity) February 28, 2016 |
Re: – President Buhari Opec Members Must Cooperate To Stabilise Market by husnath(m): 1:21pm On Feb 28, 2016 |
SOURCE::::: https://mobile.facebook.com/story.php?story_fbid=1519265458368591&id=1452287068399764&refid=7&_ft_=qid.6256313655584057479%3Amf_story_key.-7671066216189635026&__tn__=%2As |
Re: – President Buhari Opec Members Must Cooperate To Stabilise Market by OpinionCounts(m): 1:27pm On Feb 28, 2016 |
Let us try and set our home right. |
Re: – President Buhari Opec Members Must Cooperate To Stabilise Market by husnath(m): 1:35pm On Feb 28, 2016 |
A credible leader like Buhari commands the respect and
attention of the world. Kudos. |
Re: – President Buhari Opec Members Must Cooperate To Stabilise Market by mcee1(m): 1:35pm On Feb 28, 2016 |
God bless mr president God bless Nigeria. *we they your back like hunchback sir* Proudly 95%. ![]() |
Re: – President Buhari Opec Members Must Cooperate To Stabilise Market by yaqq: 1:40pm On Feb 28, 2016 |
God bless PMB hussle |
Re: – President Buhari Opec Members Must Cooperate To Stabilise Market by Emekamex(m): 1:48pm On Feb 28, 2016 |
Why can't we concentrate on other sectors aside oil? |
Re: – President Buhari Opec Members Must Cooperate To Stabilise Market by a4jasper(m): 2:14pm On Feb 28, 2016 |
Emekamex:My broda, wat do expect from am economy dat ws neva diversified?..now oil prices are low & u still need the oil money to resuscitate the other moribund sectors....my thoughts though |
Re: – President Buhari Opec Members Must Cooperate To Stabilise Market by tafabaloo(m): 2:23pm On Feb 28, 2016 |
K |
Re: – President Buhari Opec Members Must Cooperate To Stabilise Market by mars123(m): 2:35pm On Feb 28, 2016 |
Buhari you get mouth...very soon Nigeria will take its rightful place in the committee of nations. |
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