By George Agba

President Muhammadu Buhari hinted yesterday
that he would gladly reverse or abandon some
economic policies he inherited from past
administrations if doing so would lead to the
creation of more jobs for Nigerians.

Accordingly, he has directed the Ministry of
Industries, Trade and Investment, and that Finance, as well as the Central Bank and other
relevant government agencies to evolve, before
next year’s budget, new policies to boost domestic manufacturing.

Buhari, who stated this at a meeting with the
executive members of the Manufacturers
Association of Nigeria (MAN) in the Presidential
Villa, Abuja, lamented that the textile industry that
employed about 320,000 people in the past only
has about 30,000 now.

Presidential spokesman, Mr. Femi Adesina quoted Buhari as saying in the meeting: “We are
in difficult times economically, but we’ll continue
to do our best for manufacturing to pick up. We
must begin to behave as if we have no oil at all.

“We will gladly have policy somersaults if it will
mean more jobs, particularly for youths. I
campaigned on three major planks: to effectively
secure our country, provide employment through
revamping the economy, and wage a relentless
war against corruption. I intend to keep faith with
these promises.”

Expressing regret at the dwindling fortunes of the
textile industry, the president said, “It shows the
carelessness of past governments if almost
300,000 people lose jobs in a single sector. We
have a clear idea of how we can stimulate
employment and we will work very hard to do
so.”

Earlier, MAN president, Dr Frank Udemba Jacobs,
had appealed for a review of policies that were
stifling the manufacturing sector.

He told the president that a robust manufacturing
sector was essential to the country’s economic
wellbeing.

www.leadership.ng/news/454639/i-may-reverse-abandon-some-policies-i-inherited-pmb

I prefer the word 'MUST' to 'MAY'

W

well said....reverse unfriendly policies

Nigerian government good on paper.

I've seen alotta this b4! should I believe this now?

Caryy go PMB

In few weeks, our Sole Administrator will mark 100 days in office

No policy....
No 5k.....
No single capital project. ...
No Probe.....

yet you want to reverse or abandon some policies.... Continue... just continue...

He should come up with APC Policies and programmes to drive the course of change.

There should be new rules of doing business in Nigeria that will discourage corruption among citizens and foreigners alike.

Let's not forgot where the milestone by past administration, we can do far better as a country.