Fidelity bank card banner Camano banner
Buhari vows to stabilise economy, boost investor confidence in Nigeria

By News Express on 29/10/2015

Views: 2,091


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...
Bayelsa redeems scholarship fees at Lincoln University

Lecturer drags Kaduna State University to court over...

An election of tears, sorrow and blood, By...

18 students emerge winners of NNPC Zonal National...

Civil Defence personnel undergo combat training

Obasanjo sues radio presenter for N1bn over Bola...

Osun declares public holiday to mark Islamic New...

Nigerian varsity working to develop Ebola vaccine

15 killed as Boko Haram attacks voters

Grazing reserves: Go and defend your lands, Yoruba...

President Jonathan mourns Prof. Akunyili, says she’s a...

2019: APC will win South-East, says Presidential Aide...

 

Latest News Bandits’ commanders agree to suspend attacks Over 1,000 cult members renounce membership in Ebonyi •Say we’re now ‘born-again’ NDLEA to recruit 5,000 personnel to boost manpower US awards full scholarships to 30 Nigerian students 4 FAAN security chiefs suspended over Lagos airport security breach Herders-farmers’ clashes: Yoruba youths, Miyetti Allah Kauta Hore mull national security summit PDP closes case at Presidential Election Tribunal, calls 62 witnesses Abolish herdsmen movement from North to South, Ganduje tells FG 5 Kirikiri Prison inmates bag University degrees NAPTIN gets new Director-General I don’t have money, please release my mum, Siasia begs kidnappers Protests: FG warns Shi’ites

 

Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (510,038 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (431,567 views) Shameless Genevieve Nnaji exposes breasts in public (373,534 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (316,768 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (282,514 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (247,219 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (239,314 views) 10 cars more expensive than Jets (223,831 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (221,255 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (208,811 views) Lagos plane crash: Journalist releases victims’ names (188,396 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (186,999 views)

 

NLNG Job Vacancy

CBN banner advert

UBA Wise Savers Promo

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (97) Business & Economy (4,358) Business Verdict (76) Columnists (1,074) Complaints & Requests (95) Enterprise & Opportunities (211) Entertainment (635) Features (779) Global Business Monitor (396) ICT Monitor (53) International (3,723) Interview (192) Live Commentary (30) Love Matters (163) Maggie's Blog (342) News (48,839) Opinion (1,291) Pidgin (17) Politics (11,170) Religion (1,051) Sports (2,102) 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