STUDY IN CHINA

Monday, October 5, 2015

Buhari plans new policies in 2016 budget to diversify economy

ABUJA–President Mohammad Buhari has stated that his administration would enact new policies to diversify Nigeria’s economy from oil to other sectors such as agriculture, mining and manufacturing.

The diversification, according to the president, would be captured in the 2016 national budget which is being prepared by his government at the moment.


President Buhari gave the hints while in a meeting with a delegation of French investors under the aegis of Movement of the Enterprises of France (MEDEF), led by its president, Mr. Pierre Gattaz in Abuja on Monday.

It will be recalled that president Buhari had during his visit to Paris three weeks ago met with the investors who assured him of a visit to Nigeria on investment survey.

President Buhari said that the policies currently being evolved by his administration would boost domestic manufacturing and attract greater investment to Nigeria’s agricultural and mining sectors.

He urged Mr. Gattaz and the French trade mission which houses over 50 companies with interest in manufacturing, agriculture, infrastructure development and other areas, to return to Nigeria again next year in order to take full advantage of the new policies.

vanguard

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