President Buhari has reassured Nigerians that his administration will effectively manage the nation’s economy.
Buhari gave this commitment during the nation-wide broadcast as part of his progress report of his administration, saying that his government would ensure prudent management and saving of the oil incomes.
“Learning from the mistakes of the past, this Administration is committed to responsibly managing our oil wealth endowments.
“Regrettably, previous governments abandoned the residual Investment-driven Non-Oil Sector, which constituted 40% of Gross Domestic Product and comprised agriculture, livestock, agro-processing, arts, entertainment, mining, and manufacturing activities that provide millions of jobs for able-bodied Nigerians and utilise locally available raw materials and labour for production.”
However, the President said that his administration will continue to prudently save our oil income and invest more in the non-oil job-creating sectors.