President Muhammadu Buhari has admitted that despite some successes his government has achieved in the socio-economic development of the country so far, challenges still exist to be tackled.
“Apart from the successes we have recorded, I admit that challenges do remain. Given our dependence on crude oil revenues for close to 60 percent of government revenues, the recent decline in crude oil prices affects our ability to meet the infrastructure and human capital needs.”
The President, who spoke at a dinner held after the conclusion of The Going For Growth 2:0 Roundtable Session at the Presidential Villa, Abuja, said that with annual population rates, the government is being forced to continue to support growth in sectors that have the ability to absorb the employment needs of our growing population.
“With our vast arable land as well as population, ample room for growth exist in our agriculture and manufacturing sectors.”
President Buhari appreciated the continued collaboration with the private sector, stressing that the recommendations provided at the roundtable session on ways in which the private sector can support growth in key sectors such as Agriculture, Manufacturing, ICT, and Finance are necessary if the country is to achieve double digit growth of its economy.
“I assure you that this government would pay close attention to your recommendations, as part of our efforts towards developing policies and programs that will enable improved economic growth and creation of jobs.”