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Jonathan proffers solution to falling crude oil prices


President Goodluck Jonathan on Monday suggested that oil producing countries must cooperate more and work together if they must overcome the current challenge of falling crude oil prices.

Jonathan made the suggestion while granting audience to the Angola’s new Ambassador to Nigeria, Mr. Eustaquio Quibato, who was at the Presidential Villa, Abuja to present his letter of credence.



A statement by the Special Adviser to the President on Media and Publicity, Dr. Reuben Abati, quoted him as saying that African oil producing countries particularly needed to come together and strategise on the best ways of protecting their domestic economies from the vagaries of fluctuating oil prices.

“We are blessed with oil and we must continue to do all that we possibly can to maximise its benefits for our countries and the African continent,” Jonathan reportedly told the new envoy.

Noting that Nigeria and Angola have always had cordial bilateral relations, the President called for the expansion of trade, economic, cultural and political cooperation between the two countries.

“For years, we have had a solid relationship. Historically, we have been together. So Nigeria and Angola should also work with greater synergy at continental and global fora,” the President added.

At another audience with Hungary’s new Ambassador to Nigeria, Dr. Ternak Gabor, the President was also reported to have called for greater international support and assistance for the West African countries that continue to be plagued by the Ebola Virus Disease.

Jonathan also received Letters of Credence from the new ambassador of Burundi, Mr. Mathias Haranungarawe, and the new ambassador of Serbia, Prof. Jovan Maric.

He wished all the new ambassadors successful tenures in Nigeria and assured them that they will receive the full cooperation of the Federal Government as they work to enhance bilateral relations between their countries and Nigeria.
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