A Review of the Nigerian Energy Industry

Falling oil prices: Jonathan calls for collaboration between oil producing countries

President Jonathan receiving Angola’s new Ambassador to Nigeria, Eustaquio Janeiero QuibatoOscarline Onwuemenyi

11 November 2014, Sweetcrude, Abuja –
President Goodluck Jonathan has implored oil producing countries to cooperate more and work together to surmount the present challenge of falling crude oil prices.

The President made the comments while meeting with Angola’s new Ambassador to Nigeria, Eustaquio Janeiero Quibato.

He stated that African oil producing countries particularly needed to come together and decide on the best ways of protecting their domestic economies from the vagaries of fluctuating oil prices.

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

He called for the expansion of trade, economic, cultural and political cooperation between Nigeria and Angola, while also noting that both countries have always had cordial bilateral relations.

“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,” President Jonathan said.

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