Why we must diversify our economy- Buhari

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President Muhammadu Buhari says his administration is bent on diversifying the Nigerian economy to move it from import dependence to self-sufficiency in local production and to become an export-led country in goods and services.

He stated this in Abuja yesterday while declaring open the 22nd Nigerian Economic Summit with the theme “Made in Nigeria”. The president said the summit would strengthen the relationship between the Federal Government and private sector as its theme lies at the heart of ongoing efforts by the government towards leading the nation through the current “trouble times” and laying a firm foundation for the future.

He said the diversification was necessary “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 youths to be able to benefit and create jobs through technology.”

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