Buhari, Saudi Arabia King Resolve To Stabilize Oil Market

Posted by African Examiner Featured, Latest Headlines, News Tuesday, February 23rd, 2016

…As FG Rejects Coalition Of Islamic States IV

By Niyi Adeyi

President Muhammadu Buhari and his Saudi Arabia Kingdom counterpart, King Salman Bin Abdul-Aziz have expressed commitment to doing all that is humanly possible to stabilize the oil market as well as rebound its price.

The resolve was made Tuesday, at a bilateral meeting between Nigeria and Saudi Arabia in Riyadh hosted by the ruler King Abdul-Aziz. The two leaders accepted the reality that the two economies were tied to oil, therefore, all cannot be well with the duo when then the world oil market is in trouble and unstable.

The two leaders who engaged in extensive discussions on regional and global issues also agreed that terrorism posed a common threat to their nations and it would require a close cooperation to curtail the threats.

Buhari who broke his silence on the invitation to join the Coalition of Islamic States against terror spearheaded by the Saudis congratulated the Saudi Kingdom on its formation.

“Even if we are not a part of it, we support you. I must thank the Kingdom of Saudi Arabia for the recent creation of a coalition to address the menace of international terrorism. Nigeria will support your efforts in keeping peace and stopping the spread of terror in your region. This is in consonance with our own commitment and on-going efforts in seeking to stamp out Boko Haram terrorists from the West African sub-region and Lake Chad Basin Commission (LCBC),” the President said.

In a statement issued by his SSA on Media and Publicity, Garba Shehu President Buhari while commenting on global terror said “international terrorism made a statement by attacking one of the advanced countries by carrying out an attack on Paris in which 130 were killed. Now we have to come together to find a common solution to the problem of terrorism.”

He thanked the Saudi government for its support to Nigeria in the fight against terrorism.

Turning to the menace that Libya has turned into, President Buhari regretted that the late Libyan leader Muammar Ghaddafi recruited, trained and armed citizens of many states in the Sahel region. With his fall, these mercenaries have returned to their countries, “doing nothing but to shoot and kill.”

He cited Burkina Faso and Mali as the main victims but expressed happiness that the countries neighboring the Lake Chad have tightened their ranks to tame the Boko Haram threat.

“Luckily, we have cultivated our neighbors. We are now working together against Boko Haram, otherwise the problem would have become worse” Buhari added.

Mr. President King Salman hoped that the Libyan factions would soon see reason to reunite and restore fully, their own country so as to save the world from further terrorism spin-offs from that country.

The two leaders also agreed to give fresh impetus to the joint commission previously established in order to boost commercial and other activities to unify their peoples.

King Salman his remarks commended the progress made by Nigeria in combating terrorism and promised to give further support and assistance.

He appreciated the support of the Nigerian government for the new ant-terrorism coalition and implored President Buhari to consider its full membership.

King Salman pledged his full support and cooperation with Nigeria under its present leadership and directed all agencies of his government to follow up on the discussions.