Falling oil costs: We’ll create agribusiness, different parts –President Buhari

Falling oil prices: We’ll develop agriculture, other sectors -  Buhari
President Muhammadu Buhari on Tuesday night said that his
administration was completely dedicated to expanding the profitability of
Nigeria’s horticulture and strong minerals areas to spare the country from the
brutal impacts of lower unrefined petroleum costs.

Talking at a meeting with driving individuals from the
Council of Saudi Arabia’s Chambers of Commerce and Industry, President Buhari
said that with declining incomes from raw petroleum fares, Nigeria’s trusts of
monetary resurgence now lie in the quick advancement of its tremendous farming
and strong mineral resources.
Welcoming Saudi Arabian representatives to put resources
into both areas, the President said that his organization will welcome more
noteworthy outside interest in backing of its endeavors to quickly expand the
Nigerian economy.
Buhari, in an announcement by the Special Adviser on Media
and Publicity, Femi Adesina, said that Nigeria had deplorably depended a lot on
unrefined petroleum fares to the disregard of different assets and was
currently paying a brutal cost for neglecting to expand its economy
sufficiently early.
He said: “With the downturn in the worldwide costs of
oil, we now need to prospect our strong minerals. We need to come back to
farming. Mining and farming are our trusts now.
“We will welcome interests in these regions. We will
value an in-stream of more assets and ability to offer us some assistance with
achieving our target of monetary expansion,” the President said.
The governors of Osun, Ogun, Katsina, Borno, and Zamfara
states, who were a piece of the President’s designation, alternated to address
the Saudi Arabian businesspeople on speculation potential outcomes in their
states, guaranteeing them of good returns.
The Chairman of the Council of the Saudi Arabian Chambers of
Commerce and Industry, Dr Abdulrahman Al Zamil said that agribusiness was a
vital zone of venture for its individuals, including that they were at that
point in Brazil, the United States of America and Sudan, “where we have
immense homesteads.”
Announcing that they were willing to put resources into
Nigeria Dr. Abdulrahman Al Zamil said that the Saudis were the main financial
specialists in Egypt, Morocco, Tunisia, Kenya and Ethiopia.

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