President Muhammadu Buhari
President
Muhammadu Buhari on Wednesday said he would do all within his power to
fulfill the promise he made to Nigerians that jobs would be created as
part of efforts to revive the economy.
A
statement by his Special Adviser on Media and Publicity, Mr. Femi
Adesina, quoted the President as speaking while granting audience to
foreign investors who are the proprietors of Olam Farms Nigeria Limited,
inside the Presidential Villa, Abuja.
Buhari was
reported to have said that his administration would move as fast as it
can to resuscitate the textile and mining industries and also improve
production in agricultural sector.
He said as
part of its plans to reduce unemployment in the country, his
administration would give full attention to the rapid revival of ailing
and moribund textiles, mining and agro-based industries.
He said
the creation of more jobs for Nigeria’s unemployed youth was the key
objective of his administration’s economic agenda and will be pursued
with the greatest possible dedication.
“I still
recall with clarity that at some point, the textile industry in Nigeria
was employing about 320,000 Nigerians. But today, the same industry
employs less than 30,000 people and the factories operate below capacity
or they are completely closed.
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“I
have made a promise to Nigerians that jobs will be created as part of
efforts to revive the economy and that promise will be fulfilled. We
will move as fast as we can to resuscitate the textile and mining
industries, and also improve production in our agricultural sector.
“Now that
we are trying to create jobs, we cannot allow industries and factories
to close down. Instead, we should be making every effort to ensure that
we re-open the closed ones and attract new ones to reduce unemployment,”
the President was reported to have told the delegation.
The
President assured the delegation, which was led by Mr. Mukul Mathur,
that his administration will encourage investments in agriculture and
other sectors of the economy by creating a more favourable environment
and enabling laws.
He said he
had already ordered some immediate interventions to address current
challenges faced by industrialists in the country after receiving
briefings from the Ministry of Agriculture and the Ministry of
Industries, Trade and Investment.
“We will
move very quickly to see what we can do to help you and other investors
in the country so that you can help us to create jobs for our people,”
the President told Mathur and his team.
Mathur
told the President that Olam Group of Companies was established in
Nigeria in 1989, and currently employs about half a million Nigerians,
directly and indirectly.
He added,
however, that the group was facing difficulties with the reversal of
some government policies in 2010 and 2013, which could lead to the
closure of some of its industries in the country.