Jonathan calls for action over falling oil prices

Nigeria's Vice President Jonathan Goodluck attends the plenary session of the Africa-South America Summit in Margarita IslandPresident Goodluck Jonathan said Monday in Abuja that oil producing countries must cooperate more and work together to overcome the current challenge of falling crude oil prices.

Speaking at an audience with Angola’s new Ambassador to Nigeria, Mr. Eustaquio Janeiero Quibato, Jonathan said that African oil producing countries particularly needed to come together and strategise on the best ways of protecting their domestic economies from the vagaries of fluctuating oil prices.

“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,” Jonathan told the new Ambassador.

Noting that Nigeria and Angola have always had cordial bilateral relations, the President called for the expansion of trade, economic, cultural and political cooperation between the two countries.

“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,” Jonathan said.