President Muhammadu Buhari on Monday,
October 5, shed light on the details of the
2016 budget preparation by his
administration.
Speaking in Abuja in the course of the meeting
with president of the Movement of the Enterprises
of France, Pierre Gattaz, and French investors,
Buhari claimed that fresh policies would be used
in the new budget, Premium Times reports.
Those policies would be aimed at rapid
diversification of the Nigerian economy which is
currently overdependent on the oil and gas
sector.
Buhari plans to boost domestic manufacturing
and attract more investment in Nigeria’s
agriculture and mining. The country leader
therefore urged investors to return to Nigeria next
year to benefit from the new policies.
Regarding the security challenges, considered by
many as an obstacle for investors, Buhari assured
them his government was taking all the
necessary measures to resolve these problems.
“Our government came into office at a time when
many people had abandoned the country’s
manufacturing, agricultural and mining sectors.
“We are doing our utmost best to encourage
diversification into these sectors which can
employ a lot of people and we will welcome your
support in this regard.
“Ultimately, reducing unemployment will also
help to improve security because unemployment
and insecurity are inseparable.”
President Buhari further assured the French
investors that his administration had launched an
active anti-corruption fight to ensure effective
management of the country resources.
Recall that last week reports emerged that the
federal government had started working on the
2016 budget draft optimisation
.
According to the information available at that
time, the budget will be based on six policy
thrusts: economic and social development,
infrastructure, governance, environment, as well
as state and regional development.
Source:https://www.naij.com/584083-buhari-sheds-light-specifits-2016-budget.html

Cc:lalatiscala

Owk gud

Baba bubu


Get it done

6-point agenda, the key thing is the regional development. Thatz crux of the agenda.