- President Muhammadu Buhari has said the 2016 National Budget being prepared by his administration will include fresh policies and measures for the rapid diversification of the economy from its current over-dependence on the Oil and Gas sector.
- The President spoke yesterday in Abuja when he hosted the President of the Movement of the Enterprises of France (MEDEF), Mr. Pierre Gattaz and a delegation of French investors at the Presidential Villa.
- He said the policies being evolved by his administration to boost domestic manufacturing and attract greater investment to Nigeria’s agricultural and mining sectors would be fully realised in the 2016 budget.
- President Buhari told the French investors, whose visit to Nigeria was a follow-up to his recent trip to Paris, that the Federal Government was taking necessary measures to overcome the nation’s security challenges.
He said: “Our government came into office at a time when many people had abandoned the country’s manufacturing, agricultural and mining sectors.
“We are doing our utmost best to encourage diversification into these sectors which can employ a lot of people and we will welcome your support in this regard.
“Ultimately, reducing unemployment will also help to improve security because unemployment and insecurity are inseparable.”
- He also assured the delegation that his administration was tackling corruption with renewed vigour to ensure greater probity in the management of national resources.
![[The Nigerian Economy Daily] FG has approved the closure of five foreign missions and embassies](https://nairametrics.com/wp-content/uploads/2017/05/nigerian-economy-today-1.jpg)
