Senator Abdullahi Adamu, a member of the All Progressives Congress and the senator representing the Nasarawa West in the National Assembly, has disclosed how President Muhammadu Buhari intends to save the country’s dwindling economy.
Speaking to newsmen today, December 28, in Abuja, Senator Adamu said President Buhari is determined to diversify the country’s economy, Vanguard reports.
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According to Adamu, the present administration had said it on many occasions that Nigeria could no longer depend on oil and gas based economy.
Senator Abdullahi Adamu says President Muhammadu Buhari plans to diversify the nation’s economy
He said: “Oil and gas have tended, over time, to spoil us; people have got used to easy money but now the wells are drying, even if they are not, the market is becoming very hostile.
“The price has gone down and the demand for our oil is very low, even though previous administrations sang the idea of diversifying the economy, they did not do it.
“Buhari has said that he would make deliberate efforts to diversify the economy and bring on board new attitude toward agricultural production.
“He believes as much as we do that agriculture holds the greatest potential for job creation if we enhance.
“With agriculture, the nation would have excess food crops as well as industrial crops that would be exported to boost foreign exchange.
“Buhari has assured Nigerians that he would also address the issue of solid minerals and he is taking a look at the entire policy, operations and the investments in that sector.
“We have information that every one of the 774 local governments in Nigeria has one or more mineral deposits.
“If we can mine, process and add some value to them, you can only imagine the kind of multiplier effects we will enjoy.
“Once you can give agricultural and solid mineral sector a boost, sharpen the processes for revenue generation and block the leakages that we know, our economy will take a leap.”
Senator Abdullahi Adamu says President Muhammadu Buhari plans to diversify the nation’s economy
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President Muhammadu Buhari, on December 22, presented the 2016 budget of N6.08 Trillion to a joint session of the National Assembly.
While presenting the 2016 Budget to the National Assembly, President Buhari reaffirmed the commitment of his administration to job creation and economic diversification.
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