President Muhammadu Buhari has said that his administration will end Nigeria’s dependence on crude oil exports for economic survival.
Buhari also said that his government would speedily develop the country's non-oil sectors and diversify its economy.
The president made
the comments on Thursday, August 27, 2015, during a meeting with the new
Ambassador of Saudi Arabia to Nigeria, Mr Fahad Abdullah Sefyan.
According to a statement released by Buhari’s media aide, Femi Adesina, the president said:
‘‘For
more than 30 years, Nigeria has depended on oil as its major source of
revenue at the expense of agriculture and the non-oil sector which could
be the mainstay of our economy.”
President Buhari(Daily Post)
"As oil exporting
countries facing similar challenges due to the down turn in the
international price of crude oil, we should be working closer together.
Saudi Arabia has done excellently in manufacturing, building of
infrastructure and exploration of solid minerals and I believe that
greater bilateral cooperation between us in this regard will be mutually
beneficial.”
Buhari also said that
his government would ensure that all pending agreements on trade and
economic relations with other countries are speedily concluded and
signed.
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