President Muhammadu Buhari is billed to leave Abuja for Suadi Arabia and Qatar later today to engage officials of both countries in talks for the stability of oil prices.
The president who would be away for a week will be accompanied to the journey by a high-powered Federal Government delegation, including the Minister of State (Petroleum) and Group Managing Director of the Nigerian National Petroleum Corporation, (NNPC), Dr. Ibe Kachikwu.
On Tuesday, president Buhari would fly to Riyadyh, the Saudi Arabia capital to meet talks with King Salman Bin Abdulaziz Al Saud and senior officials of the Kingdom of Saudi Arabia.
A statement by the presidential spokesman, Mr. Femi Adesina on Sunday stated that 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 are expected to be high on the agenda of discussions between President Buhari and the Saudi Monarch.”
Similarly, the statement added that “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.”
The President is also scheduled to meet with leading Saudi and Qatari businessmen in Riyadh and Doha.
It is also expected that the meeting with the businessmen would eventually lead to investments in Nigeria’s mining, agriculture, power supply, infrastructure, transportation, communications and other sectors consequent upon an invitation president Buhari would extend to them.
Furthermore, President Buhari would also hold meetings with heads of international financial organisations and multilateral associations in Saudi Arabia even as he will also visit Medina and Mecca to pray for greater peace, prosperity and progress in Nigeria before going on to Doha.