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Buhari Lauds Saudi Arabia On Past Oil Quota Concession To Nigeria

President Muhammadu Buhari on Tuesday expressed Nigeria’s appreciation to the Kingdom of Saudi Arabia for conceding oil production quota to Nigeria in the past.

Buhari, gave the commendation when he hosted Saudi Arabian Minister of Foreign Affairs, Prince Faisal Bin Farhan Al-Saud, at the State House, Abuja.

A statement issued by the President’s Media Adviser, Femi Adesina, quoted the President as telling the envoy that with Nigeria’s large population and infrastructural deficit, the country needed huge revenue from oil to sustain the nation’s current economic development drives.

Buhari further noted that “Saudi Arabia has been very kind to us, making sacrifice by reducing production to accommodate us a number of times” and described the agelong bilateral relations between the two countries as very strong both at the personal and national levels.

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

According to the envoy, Nigeria and Saudi Arabia have good prospects both economically and politically, not just among the leaders, but also the people, adding that “there’s still a lot we can do together.”

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