President Muhammadu Buhari on Monday said that Nigeria is paying dearly for incompetence in managing high revenue that accrued from oil, particularly over the past decade, and for allowing the decay of critical infrastructure.
He spoke while receiving the Chief Global CEO of Unilever, Mr Paul Polman, at the Presidential Villa, Abuja.
The President, in a statement by the Special Adviser on Media and Publicity, Femi Adesina, said his administration is working very hard to change the structure of the Nigerian economy battered by several years of mismanagement.
He said: ”We refused to save for the rainy day. Now the rain is beating us. No money, no savings, nothing. And we are thoroughly wet from the rains,”
He said Nigeria was paying the price for turning herself into a mono economy, but assured that the country would soon be able to feed herself, and even export, with the current emphasis placed on agriculture.
Buhari assured that the Federal Government would fast-track the implementation of strategies to ease doing business and attract more investors into Nigeria.
He said: “We want to create jobs, and supporting manufacturing is one way to do it. As soon as we have stabilized our budget, I would personally be interested in the manufacturing sector, particularly in the generation of essential raw materials.”
The Chief Global CEO of Unilever said the conglomerate had been in Nigeria for 93 years, making it the oldest manufacturing concern in the country.
He said: “Our products are more Nigerian than other Nigerian brands. Despite the economic downturn, there are opportunities to further advance our business here.
“The situation to invest and continue to invest here is very encouraging,” Mr Polman said, adding that Unilever had invested about N15 billion in Nigeria in the past three years.” He stated Click to signup for FREE news updates, latest information and hottest gists everyday
Advertise on NigerianEye.com to reach thousands of our daily users
Buhari pls respect yourself and do your job we are suffering.
ReplyDeleteWell said.Nowit is time to respect themselves.Enough of this nonsense.
DeleteWere you not part of the past? Who was the head of state in 1984/85. One full year into your tenure of four years, when will you stop the blame game and stop campaigning.
ReplyDeleteExcuses,excuses & more excuses. After one year in office. Amaechi said,excuses should stop. So pls say something we have not heard before
ReplyDeleteAPC CHANGE
ReplyDeleteLet us be patience with BUHARI. Things we soon changed.
ReplyDeleteThings we soon change...Is that what u mean? God forbid CHANGE. Is only u that will chanji
DeleteComplain! Complain!! Complain!!! U are secretly enriching Urself and Ur hausa- Fulani kinsmen, yet U are complaining.
ReplyDeleteNo let me call U MUMU malo O!
Olodo! Grossly incompetent nicompoo!
Why are you exposing your ignorance and illiteracy in public?
DeleteSai baba!!!!
ReplyDeleteStill living in denial of the misfortune and hardship you brought to yourself. Akwuya. Idiotic fool.
DeleteGod help us in this country, deliver us from trouble, Mr. President I hear you but when is this your change going to take place? It is no longer GEJ now it is what happen since 10years ago, this is bush shit tell us another thing!!!!!! Virtually all state Governor can pay salary what has never happened before it only your time in 1980s we were choke with hunger. You know what to do and if you don't know it let ur adviser tell you this suffering is too much.
ReplyDeleteSOoner or later our suffering will be over
ReplyDeletekai kai mr presido in 1984/85 you came to power badlock follow you come , now you come back and promise better goverment ,,we rejected goodluck bring you in but wetin we see a zebra never remove in strips ,the same badlock still follow you hmmmmmmmmm negerian thinking ahead of you come 2019 badlock must not be in offices again,,, your complain dont pass woman complain haba
ReplyDeletestory for the gods! always giving excuses.
ReplyDelete