2016 bud­get: Ex­pect fresh eco­nomic poli­cies – FG

Daily Trust - - FRONT PAGE - By Isi­aka Wak­ili

Pres­i­dent Muham­madu Buhari says his gov­ern­ment is cur­rently pre­par­ing the 2016 na­tional bud­get that will in­clude fresh poli­cies and mea­sures aimed at en­cour­ag­ing rapid diver­si­fi­ca­tion of the econ­omy.

He em­pha­sised that the fresh poli­cies would be given full ef­fect in the 2016 bud­get and would be a de­par­ture from the na­tion’s cur­rent over-de­pen­dence on the oil and gas sec­tor.

The pres­i­dent was speak­ing at the Aso Rock Pres­i­den­tial Villa in Abuja yesterday while re­ceiv­ing a del­e­ga­tion of French in­vestors, the Move­ment of the En­ter­prises of France (MEDEF), led by its pres­i­dent, Mr. Pierre Gat­taz.

The French in­vestors’ visit to Nige­ria was a fol­low-up to Pres­i­dent Buhari’s re­cent trip to Paris.

The pres­i­dent said the new poli­cies would boost do­mes­tic man­u­fac­tur­ing and at­tract greater in­vest­ment to Nige­ria’s agri­cul­tural and min­ing sec­tors.

He urged Gat­taz and the French trade mis­sion, com­pris­ing over 50 com­pa­nies with in­ter­est in man­u­fac­tur­ing, agri­cul­ture, in­fra­struc­ture de­vel­op­ment and other ar­eas, to re­turn to Nige­ria next year and take full ad­van­tage of the new poli­cies.

Buhari as­sured Nige­ri­ans that un­der his lead­er­ship, the coun­try would not fall short of global stan­dards in the pro­tec­tion of for­eign in­vest­ments and the repa­tri­a­tion of re­turns on such in­vest­ments.

Pres­i­dent Buhari af­firmed that do­mes­tic se­cu­rity and the in-flow of for­eign in­vest­ment were in­trin­si­cally linked.

He said that his ad­min­is­tra­tion was tak­ing all nec­es­sary mea­sures to over­come the cur­rent se­cu­rity chal­lenges in the coun­try.

The pres­i­dent also said that the Fed­eral Gov­ern­ment was tack­ling cor­rup­tion with vigour in or­der to en­sure greater pro­bity in the man­age­ment of na­tional re­sources.

Buhari said he as­sumed of­fice at a time when many peo­ple had aban­doned the na­tion’s man­u­fac­tur­ing, agri­cul­tural and min­ing sec­tors.

The pres­i­dent said Nige­ria would also welcome more French in­vest­ments in the power sec­tor as avail­abil­ity of steady power sup­ply would help to re­open closed fac­to­ries and cre­ate more jobs.

Ear­lier, Gat­taz had sought Buhari’s as­sur­ances on the safety of his group’s planned in­vest­ments in Nige­ria as well as on the eas­ing of bu­reau­cratic bot­tle­necks.

Pres­i­dent Muham­madu Buhari (right), re­ceiv­ing a doc­u­ment from the Pres­i­dent, French Busi­ness Con­fed­er­a­tion, Mr Pierre Gat­taz (left) dur­ing a meet­ing at the Pres­i­den­tial Villa in Abuja yesterday. With them is the French Am­bas­sador to Nige­ria, Mr Den­nys Guer.

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