10 May 2016
The President of Nigeria, Muhammadu Buhari has said that he holds himself to his pre-election promises. He made this statement while speaking at the opening ceremony of the 2016 Katsina State Economic and Investment Summit holding in the state capital, Katsina.
At the ceremony, President Buhari reminded the audience of his pre-election promise to end poverty by bringing a stop to corruption, grow the economy and create jobs in Nigeria.
He said “I hold myself to these promises. It is in this context that today’s summit takes on an additional significance”.
In his remark, President Buhari said that as a country, Nigeria has to offer incentives to global investors. He explained that apart from attracting them we also have to make them stay long enough.
President Buhari went on to commend the Katsina State Governor for belling the cat by taking gaunt steps toward building a more stable economy. He assured him that the efforts will reap rewards in the end.
The Governor of Katsina, Aminu Masari had initially stated in his welcome address that the sole aim of the event was to incite local investments and attract Foreign Direct Investment to the manufacturing sector of the country.
Speaking further, President Buhari said that this plan is potent in creating jobs for the youth. According to him, employment is the quickest way to escape poverty but every key player must add their work, including that of the federal government.
“For global players, some of whom I am pleased to see represented here to take the deep plunge, they must be offered attractive incentives. Liberal set of tax incentives, infrastructural support, faster and shorter government responses to business requests; these generous offers are the minimum required to attract critical investor who is quoted in every country and region of the world,” he explained.