Newsexpress banner Camano banner
Buhari vows to stabilise economy, boost investor confidence in Nigeria

By News Express on 29/10/2015

Views: 2,044


President Muhammadu Buhari has said that in spite the fall in oil prices, his administration remains fully committed to maintaining macro-economic stability and improving investor confidence in Nigeria.

A statement issued in Abuja on Wednesday by the Special Adviser on Media and Publicity to the President, Mr Femi Adesina, said Buhari made the statement at an interactive session with chief executives of Indian companies with interests in Nigeria.

According to the president, with its abundance of human and material resources, the Nigerian economy does not have to suffer unduly from low oil prices, despite its severe impact on government revenues.

“What is required of us, to which we are strongly committed, is the implementation of tight expenditure controls, effective fiscal and monetary policies, including the husbandry of scarce resources which our introduction of the Single Treasury Account has begun to address.

“We are aware some of these measures may hurt operations of some businesses in the short term, but we believe they are right for a sustainable economy.”

Buhari, who noted that India had been a dependable ally and friend of Nigeria, urged the chief executives to expand their companies' investments in Nigeria “so that we can, together, turn our engagements into a win-win situation for our two countries.”

“We can increase and diversify the current volume of our bilateral trade beyond 16.36 billion dollars, and diversify to other critical sectors such as agriculture; green technologies in power generation; infrastructure; information and communications technologies.”

President Buhari also urged the Indian CEOs to accept the changes in policy being introduced by his administration and observe all extant Nigerian laws in running their business in the country.

He, however, warned that his administration would not tolerate the importation of sub-standard goods, especially foods and medicines, into Nigeria. (NAN)

•Photo shows President Buhari.          

 

Source News Express

Posted 29/10/2015 04:15:50 AM

 

 

CLASSIFIED ADS

 

You may also like...
Boeing admits faulty sensor may have caused deadly...

Nigeria records 28.3 per cent increase in air...

Rivers APC condemns alleged attempt to assassinate Amaechi...

Corruption: Court affirms ICPC’s powers to investigate anybody...

Fire outbreak at Women Development Centre Abuja

To go or not?: Buhari meets IGP Ibrahim...

Mass defections as scores dump PDP for APC...

Ex-IGP Ibrahim Idris faces probe over N311m election...

FG spits fire as slain Abuja female evangelist...

Corrupt traditional rulers should lose titles — Buhari...

Court sets businessman free of trumped up charges...

ACF expresses “severe shock” over Baga killings, appeals...

 

Latest News Video of Buhari running in Saudi Arabia breaks the net Tribunal: NEC disowns presidential candidate Why it’s difficult to arrest, prosecute vote buyers — ICPC Man, 52, in police trouble for attempting to swindle Ogun CP Alleged defamation: Atiku demands public apology from Presidential aide Bodies of twins found in river 5 die in Honduras plane crash I am ‘emotionally indebted’ to Ganduje, Emir of Kano – Shettima Police kill suspected kidnapper of UBEC Chairman Falana writes Buhari, demands release of 40 Nigerians illegally detained by Nigerian Navy Assets Recovery: New Bauchi Assembly bill against people’s interest – CSOs Coaches salaries: Why sponsors are withholding funds – NFF

 

Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (480,140 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (419,436 views) Shameless Genevieve Nnaji exposes breasts in public (357,898 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (305,980 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (270,248 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (241,307 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (229,203 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (210,927 views) 10 cars more expensive than Jets (202,154 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (200,206 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (181,292 views) Lagos plane crash: Journalist releases victims’ names (181,227 views)

 

UBA Wise Savers Promo

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (91) Business & Economy (4,266) Business Verdict (71) Columnists (1,031) Complaints & Requests (95) Enterprise & Opportunities (208) Entertainment (613) Features (752) Global Business Monitor (362) ICT Monitor (43) International (3,460) Interview (179) Live Commentary (29) Love Matters (161) Maggie's Blog (268) News (46,309) Opinion (1,242) Pidgin (17) Politics (10,796) Religion (1,002) Sports (2,007) Stock Watch (39) AMA & Al Jazeera Global Update

 

 

 

 

 

APO Group Partner

 

 

CLASSIFIED ADS

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera