Diversification Of Nigeria's Economy Now A Matter Of Urgency – Buhari

Source: pointblanknews.com

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

technological inventions.
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