FG determined to diversify economy, says Buhari

Buhari to Nigerians: Patronize made-in-Nigeria goods
President Muhammadu Buhari and some government officials at the Nigeria Economic Summit in Abuja on Monday.

 

President Muhammadu Buhari on Monday called on Nigerians to change their habits by patronizing made-in-Nigeria goods and services.

He made the call while speaking at the 22nd Nigerian Economic Summit in Abuja.

According to him, increasing local production of goods and services will not only create jobs for the youths but move Nigeria from an import-based to an export-based economy.

He said: “I am also delighted that your theme is: ‘Made in Nigeria’ which lies at the heart of so many efforts we are making to lead us through this trouble times and lay a firm foundation for the future.

“As I have said in the past, we need to diversify the economy so that we will never again have to rely on one commodity to survive as a country. So that we can produce the food we eat, make our own textiles, produce most of the things we use and create the right environment for our youth to be able to benefit and create jobs through technology.

“This has been the commitment and the mandate of this administration and I have remain focus on it since the assumption of this administration.

“There is clearly no better way to achieve this without building out economic foundation of made in Nigeria goods and services. Fortunately, we have champions of made in Nigeria that have defied the odds over the years to produce locally and contribute to our economy.

“I hope by the end of this you will make useful and realistic recommendations and policies.” He said

The President added: “Initiative and incentives that will enhance your work we are already doing by this administration, I encourage more local production, to improve ease of doing business environment, transfer our technology and innovation capabilities, improve quality and standards, promote export and change our old attitude and behaviours to made in Nigeria products and services.

“My greatest desire is that Nigeria moves from import dependence to self-sufficiency in local production and become an export-led economy in goods and services,” he stated.

He said that he is looking forward to feedback on the summit’s deliberations.