President Muhammadu Buhari promises economic diversification in 2016 National Budget

President Muhammadu Buhari has said that the 2016 National Budget being prepared by his administration would include fresh policies and measures to encourage the rapid diversification of the Nigerian economy away from its current over-dependence on the oil and gas sector.

Speaking at an audience with the President of the Movement of the Enterprises of France, Pierre Gattaz and a delegation of French investors, President Buhari said policies being evolved by his administration to boost domestic manufacturing and attract greater investment to Nigeria’s agricultural and mining sectors will be given full effect under the 2016 budget.

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

President Buhari also assured the French investors that under his leadership, Nigeria will not fall short of international standards in the protection of foreign investments and the repatriation of returns on such investments, adding that the Federal Government was taking all necessary measures to overcome Nigeria’s security challenges.

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