President Muhammadu Buhari
President Muhammadu Buhari has revealed Nigeria's biggest mistake
which has hindered its growth over the years. The president revealed
that Nigeria’s over-reliance on oil is the biggest mistake the country
has made. He however assured that his administration is already working
on a way forward.
The president revealed this during a speech on Wednesday before the outgoing Iranian ambassador to Nigeria, Mr. Saeed Koozechi.
He said: “We made a terrible mistake by becoming a mono-product
economy hinged on oil and we are now in a volatile situation, due to
the crash in oil prices.
“We have seen the benefits of diversification which helped Iran to survive many years of sanctions and still come out strong.
“We are now fully committed to economic diversification. Most
of the things on our import bills can be produced here. And we are
determined to achieve that self-dependency.”
President Buhari commended the outgoing ambassadors for their
efforts to strengthen bilateral relations between Nigeria and their
countries during their tenure in Abuja. He assured that his
administration will do its best to make things work for Nigerians.
No comments:
Post a Comment