President Muhammadu Buhari has said that the Federal Government is determined to significantly reduce the very high bill for importation of food products to Nigeria.
He made the remark at a bilateral meeting with the Prime Minister of Denmark, Mr. Lars Rasmussen, in Washington DC.
A statement issued on Saturday by the Special Adviser on Media and Publicity, Femi Adesina, said that President Buhari also reaffirmed his administration’s commitment to the rapid diversification of Nigeria’s economy.
He said: “We developed a mono-product economy and lost opportunities to diversify in the past.
“We have great potentials for agriculture and solid minerals. We are now determined to exploit them to the fullest. Addressing the past neglect of these two sectors will help to reduce unemployment and make us a more productive country.
“We will welcome more investment in our agriculture and solid minerals sectors from countries with expertise in the two sectors. We abandoned them for petroleum. Now, we have to go back.
“Our bill for the importation of food and dairy products is very high. We want to cut it as much as possible by developing our local potentials,” the President told Mr. Rasmussen.
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