Why Nigeria has not achieved much results- Buhari
Wed Aug 17, 2016 07:26:am National
2.7K By Buchi Obichie
While receiving the executive members of the Association of Africa Automotive Manufacturers led by the Chairman, Mr. Jeff Nemeth, at the Presidential Villa, Abuja, on Tuesday, President Muhammadu Buhari stated the reason Nigeria had not achieved much results.
According to Buhari, although Nigeria recognised her problems early enough, the country remained a potential for too long.
This, he said, made the country not to achieve much results.
The Presidents comments were made public via a statement released by his Special Adviser on Media and Publicity, Mr. Femi Adesina.
Buhari reportedly said in order to reverse the trend, the Federal Government must avoid the mistakes of the past.
"We must avoid the mistakes made in the past by both Government and manufacturers, and we are ready to get investment from all quarters, so that we can improve the lives of our people," he said.
The President lamented that Nigeria failed to develop on automobile initiatives started in Bauchi, Kaduna and Ibadan, and depended too much on oil as the mainstay of her economy.
He said, "We are making efforts to start our steel industry all over again. I see vast opportunities for both the country and those who invest here."
While speaking, the Chairman, Jeff Nemeth, said the association comprised of potential investors who were ready to unlock investment potentials on the African continent.
He thus, sought the support of the Presidency in the realization of the vision and mission of the association.
Nemeth said, "We are ready to offer strategic partnership with Nigeria. We want to promote investor-friendly regulatory frameworks and sustainable manufacturing.
"We will equally promote infrastructure development, job creation, and skills transfer."
According to Buhari, although Nigeria recognised her problems early enough, the country remained a potential for too long.
This, he said, made the country not to achieve much results.
The Presidents comments were made public via a statement released by his Special Adviser on Media and Publicity, Mr. Femi Adesina.
Buhari reportedly said in order to reverse the trend, the Federal Government must avoid the mistakes of the past.
"We must avoid the mistakes made in the past by both Government and manufacturers, and we are ready to get investment from all quarters, so that we can improve the lives of our people," he said.
The President lamented that Nigeria failed to develop on automobile initiatives started in Bauchi, Kaduna and Ibadan, and depended too much on oil as the mainstay of her economy.
He said, "We are making efforts to start our steel industry all over again. I see vast opportunities for both the country and those who invest here."
While speaking, the Chairman, Jeff Nemeth, said the association comprised of potential investors who were ready to unlock investment potentials on the African continent.
He thus, sought the support of the Presidency in the realization of the vision and mission of the association.
Nemeth said, "We are ready to offer strategic partnership with Nigeria. We want to promote investor-friendly regulatory frameworks and sustainable manufacturing.
"We will equally promote infrastructure development, job creation, and skills transfer."
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