We will continue to support the private sector to create jobs –Buhari – The Sun Nigeria

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Of Juliana Taiwo-ObalonyeAbuja

President Muhammadu Buhari assured entrepreneurs and the business community that their investments will continue to receive the full support of his administration, noting that the massive growth experienced by conglomerates such as BUA Group is proof of the correctness of government policies.

A statement from the President’s Special Advisor on the Media and Advertising, Femi Adesina, said Buhari, who received the leadership of the BUA group, led by President Abdul Samad Rabiu, at the State House, said the government’s emphasis on import substitution to encourage local production and export drives growth and stability, and he urged investors to take advantage of the vision.

He praised the Chairman of the BUA Group for the concentration of investments in the country and the transition from trading to manufacturing. He noted, “A key pillar of our administration’s policy direction is import substitution, especially when it comes to essential items such as food, household consumables and housing. A nation of our size and with our natural and human resources shows its weakness if it continues to import essential products.

“For every grain of rice, wheat or corn that we import, we are destroying the livelihoods of our local farmers while creating jobs overseas. It is for this reason that seven years ago, our government introduced many laws, decrees and incentives that support companies with import substitution projects.

The president stressed that his administration remains focused on job creation and economic security. He commended the BUA President for his resilience, steadfastness and patriotism, saying the government would continue to encourage the growth of small businesses.

In his remarks, Alhaji Rabiu said that the BUA group is very aware of where it was at the advent of the Buhari administration and the giant steps it has taken today. He counted the Group’s blessings to include: three new 7.5 million metric ton capacity cement plants in Edo and Sokoto States at the already existing plants, a new 750,000 metric ton sugar refinery in Port Harcourt, Rivers State, a 20,000 hectare fully integrated 4-in-1 sugar plantation in Kwara State with a sugar refinery and ethanol plant, four flour and pasta factories, a 200,000 barrels per day refinery with a petrochemical plant, among others.

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