Investment Summit: Buhari Woos World Leaders to Prioritise Inclusive, Humane Policies
President Muhammadu Buhari on Tuesday reiterated the commitment by his administration to keep encouraging public and private initiatives that will increase investments in health, education, capacity building, youth empowerment, gender equality, poverty eradication, climate change and food security.
Buhari made the commitment while speaking at the 5th Edition of Future Investment Initiative Summit holding in Riyadh, Saudi Arabia on Tuesday.
According to the Senior Special Assistant to the president, Mallam Garba Shehu in a statement posted on his Facebook page and obtained by TOS NEWS, President Buhari also attributed the increasing social unrest to inequalities and unfair policies that exclude majority from opportunities for participation and called on world leaders, global investors to prioritise on inclusive and humane policies, that will reenergize global economy in a post COVID-19 era.
He said “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.”
According to the President Buhari, “Investing in Humanity is the right thing to do. I strongly believe the historical under investments in “humane projects” is the genesis of most of the insecurity and socio-economic challenges the world is experiencing today.”
The President while speaking on the theme of the summit “Investing in Humanity”, said the Nigerian perspective remains a focus on people oriented development policies, with diversification from oil to more inclusive sectors such as agriculture, ICT and mining; tackling corruption, insecurity and climate change and introducing Social Investment Programmes.
He further lauded the organizers of the 2021 summit for the foresight to look at “investment”, not only from a profitability and wealth accumulation point of view, but also bringing prosperity to humanity in general.
The humane approach to investment, he said, is the only way to address the global challenges the world is currently facing.
The President also stated that Nigeria’s diversification efforts will continue to yield results, particularly in agriculture. He said this while describing the summit as a credible forum for interaction between the public and private sectors, to explore ways of advancing economic growth, development and global prosperity.
President Buhari added that the gathering of world leaders, global investors and asset managers would make even the oil sector that is already undergoing a reform more attractive and inclusive.
The Nigerian leader urged more interest in infrastructure such as healthcare and education, which “present enormous opportunities for investors in a country our size.”
Speaking on the newly e-Naira which was launched on October 25th, 2021, President Buhari said “the development puts Nigeria on track to become the first African country to introduce a Central Bank Digital Currency”.
President Buhari also drew attention of world leaders to the devastating effect of climate change on livelihoods of people around the Lake Chad.