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Oil remains key out of recession – Buhari

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Oil remains key out of recession – Buhari

Oil remains key out of recession – Buhari

NEWISSUES, Abuja

President Muhammadu Buhari has declared that oil and gas resources still remain the most immediate and practical keys out of the nation’s economic crisis.
President Buhari said this at the Presidential Villa in Abuja yesterday while launching the Nigeria Oil and Gas Industry Roadmap tagged “The 7 Big Wins.”
According to him, the petroleum industry remains critical to the Nigerian economy of today and the future despite the current challenges.
“The golden era of high oil prices may not be here now, but oil and gas resources still remain the most immediate and practical keys out of our present economic crisis.
“Oil and gas sector still remain critical enabler for the successful implementation of our budget as well as the source of funds for laying a strong foundation for a new and more diversified economy,” Buhari said.
He said as important as it is to ensure that agriculture, solid minerals and other critical sectors of the economy are supported to grow and contribute more to the nation’s economy, “we still need a virile and efficient oil and gas industry to take care of our foreign exchange requirements.”

 

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