Abuja—President Goodluck Jonathan, yesterday, has said that despite the falling oil prices, his administration was taking necessary steps to bail out the economy to deliver services to Nigerians.
Jonathan, who spoke while receiving officials of General Electric, GE, in his office, asked foreign investors to continue to repose confidence in the ability of the Nigerian government to weather the storm occasioned by the global oil price crash.
Jonathan said the steps being taken by the administration would stabilise the economy before long and meet the expectations of Nigerians and foreign investors.
The President said: “We promise our people that even with the drop in oil prices, the economy will be stable.
“I assure you, other investors in this country and all Nigerians that the government will do everything necessary to stabilize the economy and that the drop in the price of crude oil will not create so much distortions in our economy.”
Jonathan also welcomed GE’s decision to set up an oil and gas components manufacturing plant in Calabar, Cross River State capital.
GE’s Vice Chairman and CEO, Mr. John Rice, who led the delegation, said the company had committed $30 million to the development of the Calabar plant and begun the training of some Nigerians who would man the facility.
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