John Shiklam in Kaduna
President Muhammadu Buhari has said his administration is committed to partnering with the private sector to realize his vision of a strong and resilient economy.
Buhari said so yesterday when declaring open the 43rd edition of the Kaduna International Trade Fair, organized by the Kaduna Chamber of Commerce, Industry, Mining and Agriculture (KADCCIMA).
The President, who was represented by Trade and Investment Minister Adeniyi Adebayo, said the COVID-19 pandemic and its effects on crude oil prices, currencies and investment flows have shown the need to urgently reconsider and change investment thinking. with a comparative advantage to ensure Nigeria’s economic security.
He said the need to spur job-intensive economic growth requires attention to be focused on investments with high potential to create jobs and reduce demand for foreign currency.
According to the President, the Federal Government was working to build and strengthen key sectors that enhance Nigeria’s economic security in addition to traditional areas of comparative advantage.
He added that the federal government is focused on resolving the challenges that remain an obstacle in the business environment.
“The recent COVID-19 pandemic and its concomitant effects on crude oil prices, currencies and investment flows have shown that there is an urgent need to reconsider and change investment thinking based solely on on comparative advantage, in order to guarantee Nigeria’s economic security.
“Our need to stimulate employment-intensive economic growth means that we must allow investment in areas with high potential for job creation and reduction in demand for foreign exchange.
“Although it also serves as an opportunity to change the narrative of the country to become less vulnerable to incidents, which has not been created,” Buhari said.
Buhari commended the Kaduna State Government for “being one of the most frequently mentioned destinations by investors for implementing innovative means of investment.”
On his part, the Governor of Kaduna State, Mallam Nasir El-Rufai, represented by the Commissioner for Business, Innovation and Technology, Prof. Kabiru Mato, congratulated KADCCIMA for the annual event which, according to him, would offer companies the opportunity to showcase their products to boost the state’s economy.
He said the Kaduna state government has made deliberate efforts to empower youth and women across the state.
Also speaking on the occasion, the National Chairman of the Nigerian Association of Chambers of Commerce, Industry, Mining and Agriculture (NACCIMA), Mr. Ide Udeagbala commended KADCCIMA for consistency in the organization of the trade fair.