TUE 26 OCT, 2021-theGBJournal- President Muhammadu Buhari urged dignitaries and stakeholders gathered at the 5th Edition of the Future Investment Initiative, Riyadh, Kingdom of Saudi Arabia Tuesday, to continue to sustain global efforts to combat the COVID- 19 pandemic and mitigate its negative socio-economic impact on our societies, build resilience and achieve recovery.
The president at the same time made a strong case for ‘’humane approach to investment’’ which he says ‘’is the only way to address the global challenges we face, especially in the Covid-19 era,’’
‘’Investing in humanity is investing in our collective survival. This is why we in Nigeria we believe that public and private partnership should focus on increasing investments in health, education, capacity building, youth empowerment, gender equality, poverty eradication, climate change and food security. By so doing, it will go a long way in re- energizing the global economy in a post COVID-19 era,’’ the President said.
The President detailed the strides his administration has taken on ‘’humane policies.’’’
‘’Nigeria’s population today exceeds 200 million people. Some 70 percent are under 35 years old. When we came into government in 2015, we were quick to realise that long-term peace and stability of our country is dependent on having inclusive and humane policies.
In the past six years, our government took very painful but necessary decisions to invest for a long-term prosperous future knowing very well that this will come with short term pains.
We focused on the following areas:
- diversification from oil to more inclusive sectors such as agriculture, ICT and mining;
- tackling corruption, insecurity and climate change; and c. introducing a Social Investment Program.
Nigeria is Africa’s largest economy and most populous nation. Our economic reforms which focus on “humane” investments are ideal for investors looking to have profitable returns while positively impacting the citizenry.’’
President Buhari said he strongly believes the historical under- investments in “humane projects” is the genesis of most of the insecurity and socio-economic challenges the world is experiencing today.
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