President
Muhammadu Buhari has said that Nigeria is paying dearly for
incompetence in managing high revenue that accrued from oil,
particularly over the past decade, and for allowing the decay of
critical infrastructure.
A statement issued by the Special
Adviser to the President on Media and Publicity, Mr Femi Adesina, said
the president spoke at the State House, Abuja, on Monday while receiving
the Chief Global CEO of Unilever, Mr Paul Polman.
The president said his administration
was working very hard to change the structure of the Nigerian economy
battered by several years of mismanagement.
”We refused to save for the rainy day.
Now the rain is beating us. No money, no savings, nothing. And we are
thoroughly wet from the rains,” he said.
Buhari said Nigeria was paying the price
for turning herself into a mono economy, but assured that the country
would soon be able to feed herself, and even export, with the current
emphasis placed on agriculture.
He gave an assurance that the Federal
Government would fast-track the implementation of strategies to ease
doing business and attract more investors into Nigeria.
“We want to create jobs, and supporting
manufacturing is one way to do it. As soon as we have stabilized our
budget, I would personally be interested in the manufacturing sector,
particularly in the generation of essential raw materials,” the
president said.
Credit: Thisday
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