‘We must avoid mistakes of past governments,’ President says

monjola sotubo

August 17, 2016 12:09 PM

Buhari made the statement on Tuesday, August 16, 2016, while meeting with members of the Association of Africa Automotive Manufacturers at the Presidential Villa in Abuja.

President Muhammadu Buhari

Buhari made the statement on Tuesday, August 16, 2016, while meeting with members of the Association of Africa Automotive Manufacturers at the Presidential Villa in Abuja.

According to a statement released by Buhari’s Special Adviser on Media and Publicity, Femi Adesina, the president said:

“We must avoid the mistakes made in the past by both government and manufacturers, and we are ready to get investment from all quarters, so that we can improve the lives of our people.”

Buhari was referring to the failure of previous governments to develop automobile initiatives started in Bauchi, Kaduna and Ibadan, due to the country’s over-dependence on oil.

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“We are making efforts to start our steel industry all over again. I see vast opportunities for both the country and those who invest here,” Buhari said.

The current economic crisis in Nigeria is being blamed on the country’s dependence on oil, which has backfired due to the crash in global oil prices.

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