Buhari Will Encourage Economic Diversification In 2016 Budget

President Muhammadu Buhari on Monday secure that the 2016 budget being ready by his administration would be specially designed to encourage the diversification of the nation’s economy.

He same new policies and measures that will move the economy aloof from this dependence on the oil and gas sector would be introduced.

The President, however, failed to disclose the particular policies and measures.

According to a press release by his Senior Special Assistant on Media and message, Garba Shehu, Buhari spoke whereas receiving the President of the Movement of the Enterprises of France, Mr. state capital Gattaz, and a delegation of French investors at the Presidential Villa, Abuja.

The President created the speech act even as the French investors wanted assurances from Buhari on the protection of their planned investments in Federal Republic of Nigeria

Shehu quoted Buhari as spoken language that policies being evolved by his administration to spice up domestic producing and attract larger investment to Nigeria’s agricultural and mining sectors would be full impact within the 2016 budget.

The President urged Gattaz and therefore the French trade mission, including over fifty firms with interest in producing, agriculture, infrastructure development and different areas, to come to Federal Republic of Nigeria once more next year so as to require full advantage of the new policies.

He additionally assured the French investors that underneath his leadership, Federal Republic of Nigeria wouldn't disappoint of international standards within the protection of foreign investments and therefore the return of returns on such investments.

The President united that domestic security and therefore the influx of foreign investment were per Se connected.

He, therefore, told his guests, whose visit to Federal Republic of Nigeria may be a follow-up to his recent trip to Paris, that the federal was taking necessary measures to beat the current security challenges within the country.

Buhari same, “Our government came into workplace at a time once many of us had abandoned the country’s producing, agricultural and mining sectors.

“We do our greatest to encourage diversification into these sectors, which might use plenty of individuals, and that we can welcome your support during this regard.

“Ultimately, reducing state will facilitate to enhance security, as a result of state and insecurity area unit indivisible.”

The President same Federal Republic of Nigeria would welcome additional French investments to its power sector as a result of offer|the provision} of steady power supply would result in the reopening of closed factories and therefore the creation of additional jobs.

He additionally assured the delegation that his administration was try corruption with vigour so as to confirm larger integrity within the management of national resources.

The MEDEF President, WHO spoke on behalf of the French investors, wanted assurances from Buhari on the protection of their planned investments in Federal Republic of Nigeria and therefore the easing of government officials bottlenecks.