STATE HOUSE PRESS RELEASE
FG WILL ENSURE DOMESTIC ECONOMIC STABILITY DESPITE DROP IN OIL PRICE – PRESIDENT JONATHAN ASSURES
President Goodluck Jonathan Thursday in Abuja assured Nigerians and foreign investors that the Nigerian economy will remain stable despite the drop in global oil prices.
President Jonathan gave the assurance when a delegation of multinational industrial giant, General Electric (GE), led by its Vice Chairman and CEO, Mr. John Rice, paid him a courtesy visit at the Presidential Villa.
The President said that the Federal Government will do everything possible to maintain domestic economic stability, and urged the company to maintain its confidence in the country.
“We promise our people that even with the drop in oil prices, the economy will be stable.
“I urge you to maintain the confidence you have in this country before the oil price drop, and even expect better management from us.
“Sometimes, it is when you are challenged that you do better than when everything looks good.
“So, I assure you, other investors in this country and all Nigerians that the government will do everything necessary to stabilise the economy and that the drop in the price of crude oil will not create so much distortion in our economy,'' he said.
The President thanked GE for its commitment to increase its investment in Nigeria with the attendant benefit of job creation for many more Nigerians.
President Jonathan also welcomed GE’s plans to set up a facility in Calabar to manufacture components for the oil and gas sectors.
Mr. Rice told the President that GE has committed about $30 million to the development of the Calabar Plant and was already undertaking the training abroad of some Nigerians who will work there.
He expressed his company’s appreciation of the support and encouragement being extended by the Federal Government to foreign investors and assured the President that fluctuations in global oil prices will not affect the commitment of GE to the country.
Reuben Abati
Special Adviser to the President
(Media & Publicity)
December 4, 2014
Talk is cheap.
ReplyDeleteYour comment will be visible after approval
Good move
ReplyDelete~@iamjbankz SA to President Jonathan 2015~
Till then
ReplyDeleteAssurance ko!, Insurance ni!
ReplyDeleteAssurance and Condemning President with no Atom of Action.
a.k.a EDWIN CHINEDU AZUBUKO said...
ReplyDelete.
Story for the gods....
*GLO BRING 3G TO KONTAGORA*
.
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***CURRENTLY IN JUPITER***
Things are already getting expensive. We don't need assurance,he need you to make sure it happens
ReplyDeleteIn the face of all these irregularities please ensure all measures are favourable Mr President.
ReplyDeleteKeep up the good deeds.
Federal govt ona no go endure domestic violence law? Hehehe
ReplyDeleteEnsure
ReplyDeletePls this man should stop assuring us rubbish! He is a total failure. Dubai dirahms self don somersault from 45naira to 50naira 50k this week. Pls let's vote out rubbish and vote in some1 with integrity. We need a change. We ain't seen nothing yet.come 2015 if this man is voted in again,it's with God's intervention that garri won't b 500naira per bowl. May God help us
ReplyDeleteThis Jona talks like he's in a beer parlour. Maintain local economy? U just devalued the Naira with its inevitable impact on inflation. At the same time u r looting the country dry in funding ur 2015 return at all costs. How will the local economy be stable? Not everybody at a beer parlour is necessarily drunk, Oga.
ReplyDeleteSomething he couldn't do at over $100 per barrel he wants to do @ $35...deluded creep!
DeleteAnony n Truth,this thing tire me o...
Deleteaction speaks louder MR president tanks!
ReplyDeleteGOD BLESS NIGERIA
Buhari for president
ReplyDeleteSai Buhari
DeleteBuhari for president
ReplyDeleteSai Buhari!
DeleteMscheeeeww
ReplyDelete#ILOVEGEJ.
ReplyDeletenigerians should try and be positive na. this guy has been thru a lot in d hands of both d opposition and d masses. i really believed he cud have done better if not for bh d opposition unleashed and exposed his weaknesses and d bad advisers surrounding me. lest i forget, i lost all respects for buhari after his fake assassination attempt. oya bvs come and devour me
ReplyDeleteU're a non-entity,ain't no one got time for your illiterate ass!
Deletei dont believe GEJ believes in logic, while to sane pple 1+1=2, To this man 1+1= 1111
ReplyDeleteAHAH he has never walked the talk, just talk, talk,talk... abeg all the people owing me will start getting extra charges o. lol. what i could buy then with that amount i cant buy now with the same amount.
Pls we need a change, atleast we will know we did our part. We have lost so much respect internationally it is pitiable