Diversification Of Nigeria's Economy Now A Matter Of Urgency – Buhari
President Muhammadu Buhari Friday in Guangzhou, China, said that his
administration will take urgent steps to restructure Nigeria's economy by
encouraging new investments in mining, agricultural and manufacturing.
Speaking at a reception in his honour by the Communist Party of China,
President Buhari said that Nigeria will welcome the support of the Chinese
government, foreign investors and local businesses for efforts to
diversify the nation's economy.
The President noted that the diversification of the Nigerian economy was
long overdue as continued reliance on crude oil exports had always made
the economy vulnerable to shocks.
''This time we will be more deliberate. The government and businesses will
be involved,” President Buhari said.
In his remarks, the Secretary of the Communist Party, who is also the
Governor of the Guangdong Province, Mr. Hu Chinhua, pledged that the
region will support the implementation of all the bilateral agreements
reached with the Chinese government during President Buhari's visit.
President Buhari also visited the Sino-Singapore Knowledge City in
Guangzhou, which showcases advancements by China in medical, science and
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