At a bilateral meeting between Nigeria and Saudi Arabia in Riyadh hosted by the ruler King Salman Bin Abdul-Aziz, the two leaders accepted the fact that their two economies are tied to oil and that all cannot be well with both countries when the world oil market is unstable.
They therefore committed themselves to doing all that is possible to stabilize the market and rebound the oil price.
The two leaders did not expatiate on modalities they plan to adopt in raising oil price.
The two leaders, who engaged in extensive discussions on regional and global issues, also agreed that terrorism posed a common threat to their states and would require close cooperation to prevail over the threats.
