President Muhammadu Buhari has placed the hope of reawakening the economy of the country on the rapid development of agriculture and solid mineral resources following the dwindling revenue from oil export.
President Buhari, in a statement released by his Special Adviser on Media and Publicity, Femi Adesina on Wednesday, February 24 said his government would see to the improvement of productivity in agriculture and mineral resources sector in a bid to save the country from the effects of the falling oil price.
The president revealed this at at a meeting he had with leading members of the Council of Saudi Arabia’s Chambers of Commerce and Industry on Tuesday, February 23 in Riyadh.
He welcomed Saudi Arabian businessmen to invest in both agriculture and solid minerals while stating that his government would support foreign investments in seeing to the diversification of the economy.
“With the downturn in the global prices of oil, we now have to prospect our solid minerals. We have to return to agriculture. Mining and agriculture are our hopes now. We will welcome investments in these areas.”
“We will appreciate an in-flow of more resources and expertise to help us achieve our objective of economic diversification.”
