Press statement from the presidency
President Muhammadu Buhari said Thursday in Abuja that Nigeria, under his leadership, will work more closely with other countries facing the challenge of falling oil prices to rapidly move away from dependence on crude oil exports for economic survival.
Speaking at an audience with the new Ambassador of Saudi Arabia to Nigeria, Mr. Fahad Abdullah Sefyan, President Buhari affirmed his administration's commitment to faster development of Nigeria's non-oil sectors and the speedy diversification of the country's economy.
‘‘For more than 30 years, Nigeria has depended on oil as its major source of revenue at the expense of agriculture and the non-oil sector which could be the mainstay of our economy.
"As oil exporting countries facing similar challenges due to the down turn in the international price of crude oil, we should be working closer together.
