September 22, 2016
Written by Adetula David
This post originally appeared on Ventures Africa.
President Muhammadu Buhari addressed the United Nations General Assembly (UNGA) for the second time yesterday. The 71st session of the UNGA began last week with several Heads of State in attendance. The Nigerian president took the opportunity to tell other world leaders what he is doing to help the realization of the UN’s Sustainable Development Goals (SDG).
Here are six important things he told the United Nations General Assembly:
The Nigerian government has embarked on reforms to diversify the economy
Buhari said his government is putting up reforms aimed at diversifying the country’s economy. Nigeria, whose main source of revenue is from the sale of crude, has been seriously affected by the global economic downturn. The president listed mining, agriculture, industrialization, infrastructure development and the creation of the enabling environment for Foreign Direct Investment as its focus.
He also said the government is “taking measures to reduce the cost of governance and increase expenditure on infrastructure and ensure environmental best practices” in a bid to stimulate the economy, restore growth and accelerate recovery. Nigeria is currently in a recession after it experienced a negative GDP growth in Q2.