– President Buhari to embark on a week long visit to Saudi Arabia and Qatar – Expected to discuss price of crude oil exports with Saudi Monarch – Also scheduled to meet with leading Saudi and Qatari businessmen in Riyadh and Doha President Muhammadu Buhari will begin a week-long official visit to Saudi Arabia and Qatar tomorrow, Monday, […]
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– President Buhari to embark on a week long visit to Saudi Arabia and Qatar
– Expected to discuss price of crude oil exports with Saudi Monarch
– Also scheduled to meet with leading Saudi and Qatari businessmen in Riyadh and Doha
President Muhammadu Buhari will begin a week-long official visit to Saudi Arabia and Qatar tomorrow, Monday, February 22, where he will hold prayers for greater peace, prosperity and progress in Nigeria.
President will is expected to visit Medina and Mecca to pray for greater peace, prosperity and progress in Nigeria.
Disclosing details of the president’s trip in a statement issued in Abuja on Sunday, February 21, Femi Adesina, special adviser to the president on media and publicity stated that President Buhari will be accompanied by a high-powered federal government delegation, comprising of the Minister of State (Petroleum) and Group Managing Director of the Nigerian National Petroleum Corporation, (NNPC), Dr. Ibe Kachikwu, among others.
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He said the president will first fly to “Riyadyh for talks on Tuesday with King Salman Bin Abdulaziz Al Saud and senior officials of the Kingdom of Saudi Arabia”.
Adesina noted that expected to be high on the agenda of discussions between President Buhari and the Saudi Monarch are the ongoing efforts by Nigeria and other members of the Organisation of Petroleum Exporting Countries (OPEC) to achieve greater stability in the price of crude oil exports.
“Crude oil prices and market stability will also be on the front burner when President Buhari goes on to Doha on Saturday for talks on Sunday with the Emir of Qatar, Sheikh Tamim bin Hamad Al Thani,” he said.
Adding that: The President is also scheduled to meet with leading Saudi and Qatari businessmen in Riyadh and Doha, and invite them to support his administration’s efforts to revamp the Nigerian economy by taking advantage of the great investment opportunities currently available in Nigeria’s mining, agriculture, power supply, infrastructure, transportation, communications and other sectors.”
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President Buhari is also expected to hold meetings with heads of international financial organisations and multilateral associations during his visit to Saudi Arabia.
Meanwhile, Governor Ayodele Fayose of Ekiti state has called on President Muhammadu Buhari to devalue the Nigerian naira on the grounds that the currency has already been devalued owing to the gap between the official rate of N199 and open market rate of over N400 to one dollar.
Fayose in a release issued in Ado-Ekiti on Sunday, February 21, also decried that there was no time in the history of Nigeria that the gap between dollar official rate and open market rate was more than N200.
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