Speaking at an interactive session with Chief Executives of Indian companies with interests in Nigeria, in New Delhi, Buhari also assured that Nigeria’s economy was doing well despite the fall in oil prices. He expressed hope that with its abundance of human and material resources, the Nigerian economy does not have to suffer unduly from low oil prices.
He stated that his administration remains fully committed to maintaining macro-economic stability and improving investor confidence in Nigeria.
“What is required of us, to which we are strongly committed, is the implementation of tight expenditure controls, effective fiscal and monetary policies, including the husbandry of scarce resources which our introduction of the Single Treasury Account has began to address. “We are aware some of these measures may hurt operations of some businesses in the short term, but we believe they are right for a sustainable economy,” President Buhari said.
He also commended that India has been a dependable ally and friend of Nigeria urged the Chief Executives to expand their companies’ investments in Nigeria “so that we can, together, turn our engagements into a win-win situation for our two countries”.
Source: Information Nigeria
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