Oil prices
Oil prices

Femi Adesina, the Special Adviser on Media and Publicity to President Muhammadu Buhari, said in a statement made available to Xinhua that this understanding was struck when President Buhari and his Angolan counterpart, Jose Eduardo dos Santos, met at the sidelines of the Summit of the Forum on China-Africa Cooperation (FOCAC) in Johannesburg, South Africa.

Oil prices
Oil prices
President Buhari, who agreed with President Eduardo dos Santos that there was no logic in producing more oil for less money, called for a new consensus among oil producing nations on the current level of oil price, the statement said.

The two leaders while acknowledging that their countries depend heavily on oil for sustaining their national economies, agreed to get their oil ministers to meet urgently with a view to finding a way forward.

According to the statement, Eduardo dos Santos had earlier thanked President Buhari for sending a delegation to his country’s 40th Independence anniversary this year.

He also expressed sympathy with Nigeria on its security challenges.

President Eduardo dos Santos, however, expressed optimism that President Buhari would soon restore peace to Nigeria given his military background.

According to him, Nigeria is an important country in Africa that is traditionally looked upon to help solve problems on the continent.

He said his country and Nigeria which shared similar security and oil challenges in the Gulf of Guinea must forge closer relationship to overcome these challenges.

President Eduardo dos Santos said he looked forward to meeting President Buhari again and invited him to visit Angola next year with a view to finding solutions to common problems and deepening bilateral relations. Enditem

Source: Xinhua

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