Pres. Muhammadu Buhari speaking on Monday
promised that the 2016 budget being prepared by his administration would
be designed to encourage the diversification of the nation’s
economy.
The President, however, did not disclose the specific policies and measures.
According to a statement by his Senior
Special Assistant on Media and Publicity, Garba Shehu, Buhari spoke
while receiving the President of the Movement of the Enterprises of
France, Mr. Pierre Gattaz, and a delegation of French investors at the
Presidential Villa, Abuja.
The President made the disclosure just as
the French investors sought assurances from Buhari on the safety of
their planned investments in Nigeria
The President agreed that domestic security and the inflow of foreign investment were intrinsically linked.
He, therefore, told his guests, whose
visit to Nigeria is a follow-up to his recent trip to Paris, that the
Federal Government was taking necessary measures to overcome the present
security challenges in the country.
Buhari said, “Our government came into
office at a time when many people had abandoned the country’s
manufacturing, agricultural and mining sectors.
“We are doing our best to encourage
diversification into these sectors, which can employ a lot of people,
and we will welcome your support in this regard.
“Ultimately, reducing unemployment will also help to improve security, because unemployment and insecurity are inseparable.”
The President said Nigeria would welcome
more French investments to its power sector because the availability of
steady power supply would lead to the reopening of closed factories and
the creation of more jobs.
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