Think Of Something else To Tap in Nigeria Than just Oil, Buhari tells French business community

President Buhari and France President

President Muhammadu Buhari on Tuesday in Paris, France, told the French business community and investors that there was more to Nigeria that just oil exploration.

He stated that there are other critical areas, such as agriculture, energy, automobile and skill development needed to be expanded to provide jobs for the youths.

President Buhari spoke at a gathering of investors at the Nigerian-France presidential business forum which held at the headquarters of the French Business Confederation (MEDEF) in Paris.

President Buhari also stated that the country was greatly blessed with many mineral resources coupled with skilled and low-cost labour, large market, robust and competitive private sector, stressing that the areas remained largely untapped.

“It is a positive development that today Nigeria is the largest trading partner with France in Africa. 

“Today many French companies are happy to have flourishing businesses in Nigeria, opportunities abound to greatly increase the $5billion annual trade volume between the two countries”

“Nigeria is now at a new dawn to chart and reposition its destiny for greatness. We are resolved and firmly determined to consolidate on industrializing Nigeria and diversifying its economy into sectors such as agro-processing, mining, manufacturing, petro-chemicals, food processing and textiles.

“Nigeria has what it takes to make a break-through and there is more to Nigeria than oil. It is a blessed land rich in agricultural and mineral resources coupled with skilled and low-cost labour, large market, robust and competitive private sector”, he said.

President Buhari who urged the French investors to explore vast untapped natural deposits in Nigeria submitted that the idea behind his aggressive campaign against insurgency was to create a safe haven for local and foreign business and investments.

President Buhari recalled that Nigeria and France already have a cordial trade partnership, saying that both countries needed to exceed their annual trade volume of $5billion.

According to him, the long standing economic ties between the two countries which dates back to 1902 when the CFO set up a training programme in Lagos State.

He also promised evolve a competitive, virile, productive economy based on excellence, integrity, transparency, accountability and respect for the rule of law.