Buhari’s Visit to Saudi Arabia and Dubai May Improve Oil Price Says FG

mohaHopes of restoring the drowned crude oil price which brings in about 80% of Nigeria’s economic revenue has driven the number one citizen of the country; President Muhammadu Buhari to the Arab nations.

In reference to the statements covered by the special adviser on media to the president; Femi Adesina disclosed that Buhari commenced the one week-long visit to Saudi Arabia Tuesday, and will also be at Qatar during this trip to hold talks on the improvement of the oil price.

The Nigerian President takes this diplomatic journey with other delegates as well as the Minister of State for Petroleum Resources and the group managing director of the Nigerian National Petroleum Corporation (NNPC); Ibe Kachikwu. Nigeria joins other nations who are part of the Organization of Petroleum Exporting countries (OPEC).

Meetings are to involve the leaders of several Arab nations including the King of Saudi Arabia; King Salman Bin Abdulaziz Al Saud and the Emir of Qatar; Sheik Tamim Bin Hamad Al Thani. President Buhari is also set to meet with leaders from the United Arab Emirates or Dubai on the issue of low oil prices. Other business organizations and notable persons in the oil sector are also in the Middle East for talks to potentially rescue the Nigerian economy from sinking.