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Nigeria’s Economic Survival Depends On Agric, Manufacturing Sector – Buhari

Nigeria’s Economic Survival Depends On Agric, Manufacturing Sector – Buhari

From Vanguard

As the nation grapples with severe economic crisis, President Muhammadu Buhari has said that its survival was dependent on the agricultural and manufacturing sector.

Buhari stated this at the 44th Annual General Meeting (AGM) of the Manufacturers Association of Nigeria (MAN) held at Transcorp Hilton hotel, Abuja on Thursday.

He lauded the association over the theme of the conference “Diversifying the Nigerian Economy: the Role of Government in Manufacturing”, saying it was timely.

He said: “This event is timely and the theme ‘Diversifying the Nigerian Economy: the Role of Government in Manufacturing’ quite apt as it is coming at a time when the nation is faced with the urgent need to diversify the economy in the light of dwindling price of crude oil in the global market. As you know, the dramatic fall in crude oil and other commodity prices has had a serious negative impact on world economies, especially countries like Nigeria which depended on one commodity for its export earnings.

“This Administration is convinced that the key to our quest for economic diversification and therefore survival lies in Agriculture and the Manufacturing sector. A strong manufacturing sector will create more jobs and wealth for our people. It will usher in sustainable economic prosperity because we will produce what we consume as a nation and generate foreign exchange by exporting any surplus.”

Read more at Vanguard