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Economic Diversification Very High On Our Agenda – Buhari

Source: pointblanknews.com
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President Muhammadu Buhari said Thursday in Abuja that Nigeria, under his

leadership, will work more closely with other countries facing the

challenge of falling oil prices  to rapidly move away from dependence on

crude oil exports for economic survival.
Speaking at an audience with the new Ambassador of Saudi Arabia to

Nigeria, Mr. Fahad Abdullah Sefyan, President Buhari affirmed his

administration’s commitment to  faster development of Nigeria’s non-oil

sectors and the speedy diversification of the country’s economy.

''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.
“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,”  the President told the new Ambassador of Saudi Arabia.

President Buhari said that in keeping with his commitment to the

accelerated development of Nigeria’s non-oil sector, the Federal

Government  will ensure that all pending agreements on trade and economic

relations with other countries are speedily concluded  and signed.

President Buhari, who also received the new Ambassador of Turkey,  Mr.

Hakan Cakil and the new Ambassador of Sudan, Mr. Ibrahim Bushra Mohammed,

commended Saudi Arabia, Turkey and Sudan for their cooperation with

Nigeria in the war  against terrorism.
The President restated his conviction that the war against terrorism in

Nigeria and other countries can only be won with greater and more

effective  international collaboration.
All the new ambassadors assured President Buhari that they will work very

hard to boost trade and economic relations between Nigeria and their

respective countries.
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