President Buhari appreciates Saudi Arabia for conceding oil production quota

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President Muhammadu Buhari has appreciated the Kingdom of Saudi Arabia for conceding oil production quota to Nigeria in the past.

President Buhari
President Buhari

The president, who spoke Tuesday at the State House, Abuja, while playing host to Saudi Arabian Minister of Foreign Affairs, Prince Faisal Bin Farhan Al-Saud, declared that the oil rich kingdom has been quite kind to Nigeria.

According to a release issued by the Media Adviser to the President, Femi Adesina, the president said with Nigeria’s large population and infrastructural deficit, the country needed all the revenue she could get from oil, a mainstay of the economy, “and Saudi Arabia has been very kind to us, making sacrifice by reducing production to accommodate us a number of times”.

President Buhari noted that the relationship between the two countries is very strong, which dated back in time, both at the personal and national levels.

“It is long and steadfast,” the president added.

Prince Al-Saud brought greetings from King Salman bin Abdulaziz Al-Saud, saying the Kingdom appreciates the relationship with Nigeria, “which dates back 61 years, and we want to strengthen it even further”.

The two countries, he said, have good prospects both economically and politically, not just among the leaders, but also the people.

“There’s still a lot we can do together,” the Prince said.

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