( dpa ) - Nigeria agreed Wednesday to increase oil sales to its West African neighbour, Ghana, by 50 per cent following appeals by Ghana's President John Kufuor who was visiting his Nigerian counterpart, Umaru Yar'Adua in Abuja.
Ghana's daily crude oil imports from Nigeria would increase from 40,000 barrels to 60,000 barrels, Nigeria's junior Minister for Energy Odein Ajumogobia said after the two leaders met.
He said that there was no concession in terms of price, but some concessions in terms of supplier credit was granted.
"Generally we give 30 days credit facility, but we are giving Ghana 60 days," Ajumgobia explained.
Speaking earlier, Kufuor said: " Nigeria has been supporting me for the past seven years; that is to confirm that Nigeria will stand by Ghana in good times and in bad times."
He commended Yar'Adua for granting his request.
" Ghana is our brother; we have the same aspirations, the same interests and we move together so we are going to support Ghana the whole way," Yar'Adua responded.
Nigeria relies on oil exports for more than 90 per cent of its total annual foreign exchange earnings.