LAGOS, (CAJ News) – PRESIDENT Muhammadu Buhari said his administrationremained fully committed to maintaining macro-economic stability andimproving investor confidence in Nigeria.
He said the commitment was despite the fall in oil prices.
“What is required of us, to which we are strongly committed, is theimplementation of tight expenditure controls, effective fiscal andmonetary policies, including the husbandry of scarce resources which ourintroduction of the Single Treasury Account has began to address,” he told Chief Executives of Indian companies with interests in Nigeria.
Buhari was speaking at the sidelines of the Africa India Summit.
“We can increase and diversify the current volume of our bilateral tradebeyond US$16.36 billion, and diversify to other critical sectors such as agriculture; green technologies in power generation; infrastructure;information and communications technologies; the services sector;education; industry, especially textiles and solid minerals among others,”he said.
He urged the Indian executives to accept the changes in policy beingintroduced by his administration and observe all extant Nigerian laws in running their business in the country.
“Our administration will not tolerate the importation of sub-standard goods, especially foods and medicines, into Nigeria,” he added.
– CAJ News