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Buhari discusses policy with Indian investors

29 October 2015, 15:14

Abuja - President Muhammadu Buhari said his administration remained fully committed to maintaining macro-economic stability and improving 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 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,” he told Chief Executives of Indian companies with interests in Nigeria.

Buhari was speaking at the sidelines of the Africa India Summit.

Also read: India pledges military cooperation with Nigeria

“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,” he said.

He urged the Indian executives to accept the changes in policy being introduced 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


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