 |
President Muhammadu Buhari has expressed
his regrets on the state of the economy in the country, stating that the country’s excess reliance on
oil as a terrible mistake.
Presidential spokesperson, Femi Adesina, disclosed that the president made this known when he bade farewell to the Iran Ambassador, Saeed Kozechi, that was recalled by Tehran on Wednesday.
However, President Buhari, reiterated his administration’s determination to diversify the economy as quickly as possible even as he lamented the deplorable economic situation in the country.
“We made a terrible mistake by becoming a mono-product economy hinged on oil and we are now in a volatile situation, due to the crash in oil prices.
“We have seen the benefits of diversification which helped Iran to survive many years of sanctions and still come out strong. We are now fully committed to economic diversification.
“Most of the things on our import bills can be produced here. And we are determined to achieve that self-dependency.” he said.
However, President Buhari, reiterated his administration’s determination to diversify the economy as quickly as possible even as he lamented the deplorable economic situation in the country.
“We made a terrible mistake by becoming a mono-product economy hinged on oil and we are now in a volatile situation, due to the crash in oil prices.
“We have seen the benefits of diversification which helped Iran to survive many years of sanctions and still come out strong. We are now fully committed to economic diversification.
“Most of the things on our import bills can be produced here. And we are determined to achieve that self-dependency.” he said.
![HOW FEMI ADESINA BECAME PUBLIC ENEMY NUMBER ONE [MUST READ]](https://1.bp.blogspot.com/-RCdspyp-d9w/V0sqDXcG4aI/AAAAAAAAFmU/yA_dGqKh9PEaNT90V0kiiWYXzQZihmm1QCLcB/s72-c/tmp_20867-Femi-V-Adesina-3-300x300-1640121803.jpeg "HOW FEMI ADESINA BECAME PUBLIC ENEMY NUMBER ONE [MUST READ]")
0 Comment to "BUHARI REVEALS REGRETS OVER THE ECONOMY"
Post a Comment