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Jonathan assures investors of stable economy despite oil price instability

05 December 2014, 13:26

Abuja - President Goodluck Jonathan on Thursday in Abuja reassured foreign investors and Nigerians that the economy would remain stable in spite of the slide in global oil prices.

Jonathan gave the assurance when he received a delegation of General Electric led by its Vice Chairman and Chief Executive Officer, John Rice, at the Presidential Villa.

He assured his guests that the Federal Government would do everything possible to stabilise the economy, 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. We have good professionals with global outreach.

"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, sometimes you overlook things.

"But now that we have seen some signs everybody is looking at the book and looking at the various options accurately and properly.

"So, I reassure you and other investors in this country, and indeed, Nigerians that the government will do everything to stabilise the economy.

"The drop in the prices of oil will not create so much distortion in our own economy,’’ he said.

Also read:Government slashes oil price by 11 percent

The president thanked General Electric for its commitment to increase its investment in the country with the attendant benefits of job creation for thousands of youths and overall economic development.

He said that the focus of his administration had been job creation and economic expansion, which he described, as one of the greatest problems facing governments around the world.

Jonathan said he was quite pleased with the company’s plans to set up a facility in Calabar that would manufacture components for the oil and gas sectors.



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