China is the second largest consumer of crude oil, and when it does not figure at all as one of your regular buyers, you know you have a problem. And Nigerian crude is suffering because of this. China likes crude oil that is heavy and sweet, as it fits the appetite of its refineries that produce a lot of fuel oil to keep its industrial and manufacturing economy running, according to a data from the US Energy Information Administration, EIA.
Showing posts with label fdi. Show all posts
Showing posts with label fdi. Show all posts
Wednesday, June 10, 2015
Monday, June 8, 2015
Buhari to present Nigeria's 'wish list' at the G7 Summit in Germany
Press statement from Senior Special Assistant (Media & Publicity) to President Buhari, Shehu Garba
President Muhammadu Buhari arrived in Munich, Germany on Sunday, 7 June, armed with the “wish list” of Nigeria in line with the demand of the Group of Seven (G7) industrialized countries. The G7 had earlier requested the then President-elect to prepare a shopping list and come with it for their consideration in what is seen as an excellent goodwill gesture towards the new leader and the country.
The Senior Special Assistant (Media and Publicity) to the President, Malam Garba Shehu in a statement from Munich on Sunday said top on the list of the requests President Buhari will tender before the G7 leaders is on the problem of security. “We have a problem which they know.” President Buhari himself said.
The President said he has used every opportunity at his disposal ahead of this meeting to discuss the country’s needs with specific reference to terrorism and development needs at person-to-person meetings and phone conversations with some of these leaders. “These development issues, many and varied as they are, touch on the economy, combating corruption, increased foreign direct investment, FDI; power and energy, infrastructure, environment, enhanced transparency in elections and good governance.”
President Buhari announced that the leaders of the industrialized nations have shown a preparedness to work with Nigeria to help the country out of her problems. President Buhari will hold meetings on the sidelines with the host, German Chancellor Angela Merkel, the French President, Francois Hollande, Canadian Prime Minister Stephen Harper, the Japanese Prime Minister Shinzo Abe and the World Bank President Dr. Jim Yong Kim. Mal Garba Shehu Senior Special Assistant (Media & Publicity) Munich Germany.
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