President Muhammadu Buhari on Thursday reaffirmed his administration's commitment to faster development of non-oil sectors and the speedy diversification of the country's economy
Economic diversification very high on our agenda
He said his administration would work closely with other countries facing the challenge of falling oil prices to rapidly move away from dependence on crude oil exports for economic survival.
President Buhari
Recommended articles
![Dangote Petroleum Refinery reduces the price of diesel from ₦1,200 to ₦1,000 per litre [The Nation Newspaper]](data:image/svg+xml;charset=utf8,%3Csvg%20xmlns%3D'http%3A%2F%2Fwww.w3.org%2F2000%2Fsvg'%20width%3D'100'%20height%3D'100'%20data-ring-placeholder%3D'1'%3E%3C%2Fsvg%3E "Dangote Petroleum Refinery reduces the price of diesel from ₦1,200 to ₦1,000 per litre [The Nation Newspaper]")
Buhari made this known at an audience with the new Ambassador of Saudi Arabia to Nigeria, Mr Fahad Sefyan, in the Presidential Villa, Abuja.
According to him, for more than 30 years, Nigeria depended on oil as its major source of revenue at the expense of agriculture and the non-oil sector which could be the mainstay of its economy.
"As oil exporting countries facing similar challenges due to the down turn in the international price of crude oil, we should be working closer together. Saudi Arabia has done excellently in manufacturing, building of infrastructure and exploration of solid minerals and I believe that greater bilateral cooperation between us in this regard will be mutually beneficial," he said.
JOIN OUR PULSE COMMUNITY!
ADVERTISEMENT
Eyewitness? Submit your stories now via social or:
Email: eyewitness@pulse.ng
Recommended articles
NNPP founder accuses Kwankwaso of betrayal, threatens legal action
2 students fall and die trying to take a selfie at waterfall
VP Shettima calls on academics to contribute to Nigeria's security, prosperity
Elon Musk threatens to suspend Twitter accounts involved in engagement farming
'Yahaya Bello' - Kogi parliament told to begin impeachment process of Gov Ododo
NCDC intervenes as 8 die, Sokoto's mysterious illness remains unidentified
He helps deprived Nigerians of all faiths - Obi's aide denies religious politics
Otu allocates ₦100m to improve school children's nutrition, learning, health
JAMB warns UTME candidates against sharing details with fraudsters
Pulse Sports
Lionel Messi's son breaks the internet after scoring five goals for Inter Miami
Naija Stars Abroad: Onyedika, Boniface, and Osimhen shine across Europe
Victor Osimhen and Tobi Amusan make list of Forbes’ 30 under 30 Class of 2024
ADVERTISEMENT
![Nigerians in diaspora are urged to be patriotic toward the nation [Jenny M.C.]](data:image/svg+xml;charset=utf8,%3Csvg%20xmlns%3D'http%3A%2F%2Fwww.w3.org%2F2000%2Fsvg'%20width%3D'300'%20height%3D'172'%20data-ring-placeholder%3D'1'%3E%3C%2Fsvg%3E "Nigerians in diaspora are urged to be patriotic toward the nation [Jenny M.C.]")