President Muhammadu Buhari has said that with the decline in revenues from crude oil exports, Nigeria’s hope of economic resurgence lies in the rapid development of its agricultural and solid mineral resources.
He said his administration was fully committed to increasing the productivity of Nigeria’s agriculture and solid minerals sectors to save the nation from the harsh effects of dwindling crude oil prices.
According to a statement on Wednesday by his Special Adviser on Media and Publicity, Mr. Femi Adesina, the President spoke in Riyadh on Tuesday at a meeting he had with leading members of the Council of Saudi Arabia’s Chambers of Commerce and Industry.
Inviting Saudi Arabian businessmen to invest in both agriculture and solid minerals, the President said that his administration would welcome greater foreign investment in support of its efforts to rapidly diversify the Nigerian economy.
He regretted that the country had depended too much on crude oil exports to the neglect of other resources.
Contact: editor@punchng.com
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