Share This Information on:
President Muhammadu has warned Indians against
shipping fake and sub-standard food and medicine to
Nigeria, saying his government would not tolerate such
act.
Speaking at an interactive session with Chief
Executives of Indian companies with interests in
Nigeria, in New Delhi, Buhari also assured that
Nigeria’s economy was doing well despite the fall in oil
prices. He expressed hope that with its abundance of
human and material resources, the Nigerian economy
does not have to suffer unduly from low oil prices.
He stated that his administration remains fully
committed to maintaining macro-economic stability and
improving investor confidence in Nigeria.
“What is required of us, to which we are strongly
committed, is the implementation of tight expenditure
controls, effective fiscal and monetary policies,
including the husbandry of scarce resources which our
introduction of the Single Treasury Account has began
to address.
“We are aware some of these measures may hurt
operations of some businesses in the short term, but we
believe they are right for a sustainable economy,”
Buhari said.
The president who also noted that India has been a
dependable ally and friend of Nigeria urged the Chief
Executives to expand their companies’ investments in
Nigeria “so that we can, together, turn our
engagements into a win-win situation for our two
countries”.
He also called the country to increase its trade volumes
with Nigeria in the areas of agriculture; green
technologies in power generation; infrastructure;
information and communications technologies; education
amongst others to grow beyond the current US$16.36
billion.
“We can increase and diversify the current volume of
our bilateral trade beyond 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,” the President said.
It Will Only Take You Seconds To Share This Information on: