The newly elected President of the Organization Of Petroleum Exporting Countries (OPEC), Mrs Diezani Allison-Madueke, has said that her greatest challenge as the OPEC President would be to stabilize the dwindling oil prices.
In an interview with state house correspondent after making her first appearance in the Federal Executive Council, following her new position, Mrs Allison-Madueke described the times as very challenging for the OPEC.
She said that Nigeria was not the only country that has introduced measures to cushion the effect, citing other oil producing countries like Venezuela, Iran and even Russia.
According to her, she would be monitoring the situation at close range. She called for extra ordinary meetings of the organization to fashion out strategies to tackle the situation.
In what looks like an answer to critics of her new position, Mrs Allison-Madueke gave credit to President Goodluck Jonathan who in the first place deemed it fit to appoint a woman as the Petroleum Minister of Nigeria which subsequently led to the new OPEC position.
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