I'm Committed To Diversifying Nigeria's Economy - BuhariPresident Muhammadu Buhari has declared that, Nigeria has no other choice at the moment than to diversify its economy to break its reliance on oil.
The president said this while declaring open the 22nd Nigeria Economic Summit in Abuja.
“I am so delighted that you have chosen as your theme Made-in-Nigeria, which lies at the heart of so many of the efforts we are making to lead us through these troubled times and to lay a firm foundation for the future”
“We need to diversify the economy so that we never again have to rely on one commodity to survive as a country, so that we can produce the food we eat, make our own textiles, produce most of the things we use and create the right environment for our young people to be able to innovate and create jobs through technology.” He said.
The President added that there is apparently no other way to steer Nigeria out of its present economic predicament without building a strong economic foundation on Made-in-Nigeria goods and services.
In an earlier speech delivered by Doyin Salami, a professor of economics and member of the Monetary Policy Committee, he said Nigeria needs to quickly work out a comprehensive development plan.