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Tuesday 6 October 2015

2016 Budget will boost economic diversification, says Buhari

President Muhammadu Buhari has said the 2016 National Budget being prepared by his administration will include fresh policies and measures for the rapid diversification of the economy from its current over-dependence on the Oil and Gas sector.
The President spoke yesterday in Abuja when he hosted the President of the Movement of the Enterprises of France (MEDEF), Mr. Pierre Gattaz and a delegation of French investors at the Presidential Villa.
He said the policies being evolved by his administration to boost domestic manufacturing and attract greater investment to Nigeria’s agricultural and mining sectors would be fully realised in the 2016 budget.
President Buhari urged  Gattaz and the French trade mission, which included over 50 companies with interest in manufacturing, agriculture, infrastructure development and other areas, to return to Nigeria next year to reap the advantage of the new policies.
The President, in a statement by the Senior Special Assistant on Media and Publicity, Garba Shehu, also assured the French investors  that under his leadership, Nigeria would not fall short of international standards in the protection of foreign investments and the repatriation of returns on such investments.

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