Drop In Oil Price: Endure The Hardship Jonathan Tells Nigerians
President Goodluck Jonathan has asked Nigerians to endure the effects of the current drop in global oil prices, saying the nation will survive it.
The President while speaking at the Christ Apostolic Church in Abuja on Sunday, said the oil price drop is nothing compared to 2008 to 2009 when oil was sold for $40 per barrel.
“Of course, if there is a drop in oil price, it will affect us in one way or the other. We tell our people to bear with us. It has happened before in 2008, 2009 that was almost about $40, we survived as a nation.
“This time, by all predictions, it will not even go as low as that, we will surely survive it. The economic team is working very hard to stabilise it and we believe that although there may be temporary inconveniences, it will definitely not bring the economy down” he said.