Nigeria Failed to Develop Automobile Industry - Buhari

President Muhammadu Buhari has lamented
that Nigeria failed to develop on automobile
initiatives started in Bauchi, Kaduna and Ibadan,
and depended too much on oil as mainstay of
her economy.
According to him, in a statement issued by his
special adviser media, Femi Adesina, Nigeria as
a country recognised her problems early enough,
but remained potential for too long, and so did
not achieve much results.
The President spoke today at State House,
Abuja, while receiving Executive Members of
Association of Africa Automotive Manufacturers
(AAAM), led by the chairman, Mr Jeff Nemeth.
President Buhari said that to reverse the trend,
"We must avoid the mistakes made in the past
by both government and manufacturers, and we
are ready to get investment from all quarters,
so that we can improve the lives of our people."
"We are making efforts to start our steel
industry all over again. I see vast opportunities
for both the country and those who invest here,"
the President said.
Nemeth said the Association is comprised of
potential investors who are ready to unlock
investment potentials on the African continent.
"We are ready to offer strategic partnership with
Nigeria. We want to promote investor-friendly
regulatory frameworks and sustainable
manufacturing.
"We will equally promote infrastructure
development, job creation, and skills transfer,"
he said.
The AAAM chairman sought the support of the
Presidency in the realisation of the vision and
mission of the association.
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