Diversify Your Economy From Oil, PMB Urges South Sudan

Diversify Your Economy From Oil, PMB Urges South Sudan

— Mar 30, 2016 4:10 am |

President Muhammadu Buhari has urged the South Sudanese government to invest more in agriculture and not to be solely dependent on oil revenues to grow the nation’s economy.

Receiving the outgoing South Sudanese Ambassador to Nigeria, Ambassador Makuet Riak, at the State House in Abuja, President Buhari in a statement by his special adviser, Media, Femi Adesina said South Sudan can avoid the mistake made by Nigeria in her over-reliance on oil revenue.

The president told the outgoing envoy that Nigeria’s economy, which has been heavily dependent on oil over the years, has been adversely affected by the drop in global oil prices.

“Investing in sustainable agriculture is one of the best ways to provide jobs for the people and keep the nation productive.

“Food security is important to any country and that is what we are trying to achieve here, years after we `threw away’ agriculture for oil,’’ the president said.

President Buhari also praised the excellent relations between Nigeria and South Sudan and reaffirmed his commitment to strengthening existing bilateral ties.

In his remarks, Ambassador Riak described his four-year duty tour as his country’s first ambassador to Nigeria as very fruitful.

He said South Sudan was blessed with fertile land and would welcome more investments from Nigerian companies.

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Buhari leaves for Washington DC to attend nuclear security summit 35 mins ago National

President Muhammadu Buhari

President Muhammadu Buhari

President cautions S’Sudan against over-reliance on oil
President Muhammadu Buhari will today leave Abuja for Washington DC to join President Barack Obama and other world leaders and heads of international organisations at the fourth nuclear security summit which opens there tomorrow.

While in Washington DC for the summit, the President and his delegation, which includes Governor Mohammed Abdullahi Abubakar of Bauchi State, his Kwara State counterpart, Abdulfatah Ahmed; Minister of Foreign Affairs, Mr. Geoffrey Onyeama; National Security Adviser, Maj.-Gen. Babagana Monguno (rtd) and Director-General of Nigeria’s Nuclear Regulatory Agency (NNRA), Prof. Lawrence Anikwe Dim, would also hold bilateral meetings with other participating Heads of Government and high-ranking United States government officials.

A statement yesterday by his spokesman, Femi Adesina, indicated that at the plenary session of the summit, which is dedicated to reinforcing international commitment to non-proliferation of nuclear weapons, Buhari would insist that while Nigeria would continue to sustain that commitment, world powers must respect the right of other countries to the peaceful use of nuclear energy for development purposes.

President Buhari is expected back in Abuja on Sunday.

In another development, President Buhari has admonished the South Sudanese government to invest more in agriculture and not to be solely dependent on oil revenues to grow the nation’s economy.

Receiving the out-going South Sudanese Ambassador to Nigeria, Makuet Riak, at the State House in Abuja, Buhari said South Sudan could avoid the mistake made by Nigeria in her over-reliance on oil revenue.

The President said: “Investing in sustainable agriculture is one of the best ways to provide jobs for the people and keep the nation productive. Food security is important to any country and that is what we are trying to achieve here, years after we ‘threw away’ agriculture for oil.”

He also praised the excellent relations between Nigeria and South Sudan and re-affirmed his commitment to strengthening the existing bilateral ties.

In his remarks, Riak said South Sudan was blessed with fertile land and would welcome more investments from Nigerian companies.

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Avoid Nigeria’s economic mistake, Buhari tells South Sudan

President Muhammadu Buhari

Olalekan Adetayo, Abuja

President Muhammadu Buhari on Tuesday warned the authorities of South Sudan to avoid the mistake made by Nigeria in its over-reliance on oil revenue.

He urged them to invest more in agriculture and not to be solely dependent on oil revenues to grow the nation’s economy.

According to a statement by his Special Adviser on Media and Publicity, Mr. Femi Adesina, the President spoke while receiving the outgoing South Sudanese Ambassador to Nigeria, Ambassador Makuet Riak, at the Presidential Villa, Abuja.

He told the outgoing envoy that Nigeria’s economy, which had been heavily dependent on oil over the years, had been adversely affected by the drop in global oil prices.

“Investing in sustainable agriculture is one of the best ways to provide jobs for the people and keep the nation productive.

“Food security is important to any country and that is what we are trying to achieve here. Years after we `threw away’ agriculture for oil,’’ the President said.

 Buhari also praised the excellent relations between Nigeria and South Sudan and reaffirmed his commitment to strengthening the existing bilateral ties.

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