By using this site, you agree to the Privacy Policy and Terms & Conditions.
Accept
Okay.ngOkay.ngOkay.ng
Font ResizerAa
  • News
    • Politics
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Reading: Nigeria to Depend Less on Oil & More on Agriculture – Pres. Buhari
Share
Font ResizerAa
Okay.ngOkay.ng
  • News
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Search
  • News
    • Politics
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Follow US
  • About Okay.ng
  • Advertising on Okay.ng
  • Contact Okay.ng
  • Careers
  • Meet the Team behind Okay.ng
  • Ownership and Funding of Okay.ng
  • Editorial Principles at Okay.ng
© OKN MEDIA PUBLISHING 2022 - All rights reserved
News

Nigeria to Depend Less on Oil & More on Agriculture – Pres. Buhari

Farouk Mohammed
By Farouk Mohammed
Published: August 27, 2015
Share
2 Min Read
SHARE

Nigeria’s president Muhammadu Buhari has reiterated his desire to diversify the country’s economy. He says he’ll ensure Nigeria depends less on oil as has been the custom for the past 30 years.

Speaking at an audience with Fahad Abdullah Sefyan, the new ambassador of Saudi Arabia to Nigeria, Buhari affirmed his administration’s commitment to faster development of Nigeria’s non-oil sectors and the speedy diversification of the country’s economy.

‘‘For more than 30 years, Nigeria has depended on oil as its major source of revenue at the expense of agriculture
and the non-oil sector, which could be the mainstay of our economy,” he said.
“As oil exporting countries facing similar challenges due to the down turn in the international price of crude oil, we should be working closer together. Saudi Arabia has done excellently in manufacturing, building of infrastructure
and exploration of solid minerals and I believe that greater bilateral cooperation between us in this regard will be mutually beneficial.”

- Advertisement -

According to Femi Adesina, presidential spokesman, Buhari said that in keeping with his commitment to the accelerated development of Nigeria’s non-oil sector, the federal government would ensure that all pending agreements on trade and economic relations with other countries are speedily concluded and signed.

Stay Updated on the Go with Our Latest News—Join Our WhatsApp Channel Now!
TAGGED:AgriculturebuhariOil
Share This Article
Facebook Whatsapp Whatsapp Telegram Email Copy Link Print
ByFarouk Mohammed
Publisher
Follow:
Farouk Mohammed is a Head Editor at Okay Nigeria (Okay.ng). He has been publishing for 10 years and focused more on Local/World News on Okay.ng
Previous Article History Will Talk About My Election Day Outburst, Nigerians Will Be Proud of Me – Orubebe
Next Article Pres. Buhari Approves Appointment of 6 Cabinet Members (See Names & Positions)

Connect with Okay on Social

FacebookLike
XFollow
InstagramFollow
TelegramFollow

Dollar/Naira Rates

Dollar to Naira Exchange Rate

Okay.ng Logo
Buy Rate ₦1,605.00
Sell Rate ₦1,620.00

Last updated: 4 days ago (June 3, 2025 2:33 pm)

Displayed rates are for informational purposes only and are subject to change.

USD/NGN Converter

- Advertisement -
- Advertisement -
Ad imageAd image
- Advertisement -
Ad imageAd image

Recent Posts

Pastor Adeboye
Pastor Adeboye Shares Divine Directive: Leaving RCCG Could Lead to Tragic Loss
News
Anglican Bishop of Lafia Calls on President Tinubu to Address Root Causes of Nigeria’s Insecurity and Economic Woes
News
Egbe Bobakeye Okunrin Akile Ijebu Refutes False Claims About Queen Elizabeth II’s 1956 Visit
News
NRC Managing Director Warns Against Railway Vandalism: “We Don’t Have Scraps, We Have National Assets”
News
Tragic Head-On Collision in Jigawa Claims Nine Lives, Dozens Injured
News
- Advertisement -
Ad imageAd image

You May Also Like

Sport

Victor Osimhen Returns to Nigeria as Al Hilal Transfer Hangs in Balance Ahead of FIFA Club World Cup

Oluwadara Akingbohungbe
Oluwadara Akingbohungbe
June 7, 2025
News

Tinubu Urged by PDP to Cut Fuel and Electricity Costs Amid Eid-el-Kabir Festivities

Oluwadara Akingbohungbe
Oluwadara Akingbohungbe
June 7, 2025
Mike Ejeagha
News

Mike Ejeagha, Nigerian Highlife Maestro, Dies at 95

Muhammad A. Aliyu
Muhammad A. Aliyu
June 7, 2025
Okay.ngOkay.ng
Follow US
© OKN MEDIA PUBLISHING 2025 - All rights reserved
  • About Okay.ng
  • Advertising on Okay.ng
  • Contact Okay.ng
  • Careers
  • Meet the Team behind Okay.ng
  • Ownership and Funding of Okay.ng
  • Editorial Principles at Okay.ng
adbanner
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?