Saudi Energy Minister Khalid Al-Falih met with President Muhammadu Buhari and discussed cooperation between the two OPEC member countries in the energy sector, the minister said in a tweet on Saturday.

Al-Falih said that he met with Buhari on the margins of the World Economic Forum on the Middle East and North Africa in Jordan.

They discussed “ways of cooperating in the fields of energy and industry, and the importance of cooperation for the stability of the global oil market.”

Recall; President Buhari attended the WEF at the invitation of King Abdullah II bin Al-Hussein of Jordan.

https://all-gists..com/2019/04/Buhari-Meets-Saudi-Energy-Minister-On-Oil-Price-Stability.html?m=1

Members of dangerous Cultures

A well respected man every where he goes

OK

talks only cannot determine stability in oil prices.A lot of factors determines that.

Good ideas

[quote author=Optional09 post=77328975]Members of dangerous Cultures

one day that your mouth will land u for trouble... write it down.

Buhari is working. Thank God, our NNPC is safe from Ati'aku Frimpong El Cameroonian and his thieving friends.

brainpulse:
A well respected man every where he goes

Well respected for promoting illiteracy and poverty

chukwuibuipob:
Buhari is working. Thank God, our NNPC is safe from Ati'aku Frimpong El Cameroonian and his thieving friends.

If Atiku and his boss Obasanjo didn’t liberalise the telecoms sector, where will you get the smartphone and internet access to type your uninformed stories

The Arabs used crude oil to develop. Nigreria nd angola could not do same. Seems blackman is cursed

I know he has nothing meaningful to say b cause he has very little idea on how things work(from what I saw on the discuss) but hey do your thing sir

ednut1:
The Arabs used crude oil to develop. Nigreria nd angola could not do same. Seems blackman is cursed

1.Saudi Arabia has less than 15 million people, and produces far more oil than Nigeria does. (Nigeria also has 200million)

2.Saudi Arabia has no significant indigenous industry, relies heavily on importation, and foreign technical staff.

Nigeria could do better...but the oil money we earn is not enough. We need oil at $140 per barrel to run a budget without deficit.

bubu don dey fine ooo, watin be the secret nahh

dominate google page one with your business

They don finally islamize Nigeria hmm

ednut1:
The Arabs used crude oil to develop. Nigreria nd angola could not do same. Seems blackman is cursed

And voting someone like Buhari who does not value education will only make the curse worse for longer.

chukwuibuipob:
Buhari is working. Thank God, our NNPC is safe from Ati'aku Frimpong El Cameroonian and his thieving friends.

T'would be good if NNPC was sold, and fuel subsidy removed...so that marketers can set price of fuel, profits can be made, investment increases...and refining capacity increases, with fall in fuel prices in ten years.

I don't like PDP...but for once Atiku was right about NNPC.

If we did not liberalise GSM...we would still be struggling to make calls and do home internet.

seguno2:


If Atiku and his boss Obasanjo didn’t liberalise the telecoms sector, where will you get the smartphone and internet access to type your uninformed stories

where is Nigerian indigenous telecom(NITEL)
liberalised by syphoning Nigerians with south African network with *1 when on each Recharge.....

even the buhari that met energy minister in Saudi instead of discussing how to give us constant power supply,he is talking about oyel.how can u think of stabilizing oyel price with mere discussion
we re getting no where without electricity...
even God himself the first thing he created was light,nd Nigeria is trying to beat the record to move forward in darkness....

I laugh at Nigerian yoots

tactius:


1.Saudi Arabia has less than 15 million people, and produces far more oil than Nigeria does. (Nigeria also has 200million)

2.Saudi Arabia has no significant indigenous industry, relies heavily on importation, and foreign technical staff.

Nigeria could do better...but the oil money we earn is not enough. We need oil at $140 per barrel to run a budget without deficit.

Excuses and blame game.
How much oil does Switzerland have?
How much oil and mineral resources does Rwanda have

frank202012:


where is Nigerian indigenous telecom(NITEL)
liberalised by syphoning Nigerians with south African network with *1 when on each Recharge.....

even the buhari that met energy minister in Saudi instead of discussing how to give us constant power supply,he is talking about oyel.how can u think of stabilizing oyel price with mere discussion
we re getting no where without electricity...
even God himself the first thing he created was light,nd Nigeria is trying to beat the record to move forward in darkness....

I laugh at Nigerian yoots

1. NITEL failed because they did not adapt fast enough (Still exists by the way, as an internet service provider...something they should have done)
Also its privatization was botched.
If NITEL had been run properly (and they got into GSM with MTEL...which had cheap rates compared to MTN and econet)...by now it could have been a big player.

2.If you want constant power supply, you have to stop government from setting prices for power.

The current pricing structure means DISCOS can collect only 30% of the actual cost...while govt pays remaining 70%. DISCOS cannot make profits, investment cannot come in, and GENCOS can't get enough money from DIScos to pay gas companies.

But because Nigerians like cheap power too much.....

Anyway, good we are metering the whole country...let's see if this improves revenues.

seguno2:


Excuses and blame game.
How much oil does Switzerland have?
How much oil and mineral resources does Rwanda have

The problem with we Nigerians is whenwe talk about our economy, it means time to share money...so that we can import stuff.

Another issue is that we Nigerians subside everything. Power sector is supposedly private now, yet cannot earn enough money because the previous government put in place a 'subsidy' which makes it difficult for DISCOS to make a profit, which makes it hard for GENCOS to pay for gas ...which affects investment in power...and prevents more foreign investment from coming in...because why would you want to start a business in a place where government is setting the prices? Bad economics.

Same thing with fuel. Government sets prices, and as a result petroleum companies cannot make enough profits to invest in improving things like refining capacity.

Switzerland...government does not set prices of goods and services. Government does not waste billions on subsidies. Government allows people to set their price, and make their profit. Investors flow in.....development results.

But in Nigeria, we all want to be capitalists under a socialist system. There is no such thing. It is eeither 100% capitalism, or 1005 socialisim.

So, either we get rid of our subsidy habit, and government setting prices for everything...and see development, or we keep on using oil money...that isnt enough and we know it...to keep on funding subsides, and keep on taking loans to keep up with the Saudis...whose economy is so vulnerable despite appearances.

We better face facts.

[quote author=tactius post=77329662]

T'would be good if NNPC was sold, and fuel subsidy removed...so that marketers can set price of fuel, profits can be made, investment increases...and refining capacity increases, with fall in fuel prices in ten years.

I don't like PDP...but for once Atiku was right about NNPC.

If we did not liberalise GSM...we would still be struggling to make calls and do home internet.[/quote


If that happens we'll be buying Fuel at #300..per liter subsidy is the reason we still buy fuel at a cheaper rate.

tactius:


1. NITEL failed because they did not adapt fast enough (Still exists by the way, as an internet service provider...something they should have done)
Also its privatization was botched.
If NITEL had been run properly (and they got into GSM with MTEL...which had cheap rates compared to MTN and econet)...by now it could have been a big player.

2.If you want constant power supply, you have to stop government from setting prices for power.

The current pricing structure means DISCOS can collect only 30% of the actual cost...while govt pays remaining 70%. DISCOS cannot make profits, investment cannot come in, and GENCOS can't get enough money from DIScos to pay gas companies.

But because Nigerians like cheap power too much.....

Anyway, good we are metering the whole country...let's see if this improves revenues.

Can we really meter the whole country for power?
Are the same cut off points used to enter unity schools for all states in the whole country
We are just jokers.

anonymous1759:

If that happens we'll be buying Fuel at #300..per liter subsidy is the reason we still buy fuel at a cheaper rate.

How much were phones, SIM cards, call rates etc when Obasanjo and Atiku liberalised the telecoms sector in 2000?
How much are these things now?
Keep up with the subsidy of consumption that we cannot afford and see as poverty and illiteracy grows.
Choices have consequences.

tactius:


The problem with we Nigerians is whenwe talk about our economy, it means time to share money...so that we can import stuff.

Another issue is that we Nigerians subside everything. Power sector is supposedly private now, yet cannot earn enough money because the previous government put in place a 'subsidy' which makes it difficult for DISCOS to make a profit, which makes it hard for GENCOS to pay for gas ...which affects investment in power...and prevents more foreign investment from coming in...because why would you want to start a business in a place where government is setting the prices? Bad economics.

Same thing with fuel. Government sets prices, and as a result petroleum companies cannot make enough profits to invest in improving things like refining capacity.

Switzerland...government does not set prices of goods and services. Government does not waste billions on subsidies. Government allows people to set their price, and make their profit. Investors flow in.....development results.

But in Nigeria, we all want to be capitalists under a socialist system. There is no such thing. It is eeither 100% capitalism, or 1005 socialisim.

So, either we get rid of our subsidy habit, and government setting prices for everything...and see development, or we keep on using oil money...that isnt enough and we know it...to keep on funding subsides, and keep on taking loans to keep up with the Saudis...whose economy is so vulnerable despite appearances.

We better face facts.

Words to inspire action.
Thanks

frank202012:


where is Nigerian indigenous telecom(NITEL)
liberalised by syphoning Nigerians with south African network with *1 when on each Recharge.....

even the buhari that met energy minister in Saudi instead of discussing how to give us constant power supply,he is talking about oyel.how can u think of stabilizing oyel price with mere discussion
we re getting no where without electricity...
even God himself the first thing he created was light,nd Nigeria is trying to beat the record to move forward in darkness....

I laugh at Nigerian yoots

Glo and Airtel are also siphoning Nigerians with South African networks
Are you okay? Do you need to see a doctor?

Dats his only concern
Parasites. A time will come, oil will mean nothing to the whites nd Nigeria's greedy leaders will start feeding on human flesh

seguno2:


If Atiku and his boss Obasanjo didn’t liberalise the telecoms sector, where will you get the smartphone and internet access to type your uninformed stories

The only thing Atiku and his boss in corruption did to our Telecom sector was unbundled the best telecom company in Africa (NiTEL) sold it's assets to themselves and cronies at ridiculous cheap prices.
This is 2019 EVERY country on Earth has a mobile network carrier, internet and smartphones.
If they were any good, they'd have transformed NITEL into at least an Etisalat (it's state owned by UAE) or ensure MTel is still competing with (or even ahead of) MTN.
So my dear all those two crooks oversaw was destruction.

Islamisation crew