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UPDATE: Emir of Qatar arrives Villa, wears suit

The Emir of Qatar, Sheikh Tamim bin Hamad Althani

Emir of Qatar, Sheikh Tamim bin Hamad Althani has arrived the Presidential Villa, Abuja, Daily Trust online reports.

Our correspondent reports that the Qatari leader,  arrived the forecourt of the Presidential Villa, by 12:11pm.

Wearing a dark ash suit, white shirt, navy blue tie and black shoe, the emir was received by President Muhammadu Buhari at the forecourt.

The emir is visiting three years after President Buhari went to Doha, the Qatari capital in February 2016, where he attended a meeting of the Organisation of Petroleum Exporting Countries (OPEC).

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During his visit to Qatar, Buhari emphasised the need for member states of OPEC, and non-OPEC members to cooperate and find a common ground to stabilise crude oil prices.

At a bilateral meeting with the Emir, Buhari described the then market situation in the industry, which has seen oil prices plummet by 70 per cent since mid-2014, as “totally unacceptable.”

The President used the occasion of his address to the Emir to commend the existing cordial bilateral relations between both countries and invited prospective Qatari investors to take advantage of the abundant opportunities in Nigeria and invest in the key areas of energy, agriculture, real estate development, banking and finance.

Daily Trust reports that Qatar had in December last year, announced its intention to pull out of the OPEC oil producers’ cartel.  The Gulf state, which joined OPEC in 1961, said it would leave the cartel to focus on gas production.

Qatar, is the world’s biggest exporter of liquefied natural gas.

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