Our economic recovery plan working ― Buhari

…gets Liberian highest honour

President Muhammadu Buhari has assured that his administration’s Economic and Recovery Growth Plan launched in 2017 is creating the enabling environment for growth, security, and economic revival.

He made the declaration in a goodwill message to the Government and people of Liberia on behalf of Nigeria on the occasion of the 172nd Independence anniversary of the West African nation, in Monrovia on Saturday.

He said his administration had realized the futility in continuing to subject the Nigerian economy to the vagaries of its mono-product dependence and has instituted policies aimed at the diversifying the national economy which are yielding positive results.

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A statement issued by Garba Shehu, Senior Special Assistant (Media & Publicity) to the President quoted him as saying: “Our government had to adopt appropriate measures including diversification and reforms to address such underlying causes exemplified by our continued dependence on a single-commodity, crude oil, lack of fiscal buffers, leakages, corruption, and high governance costs.

“Furthermore, in our efforts to stimulate the economy, our government initiated bold policy interventions that are beginning to yield positive results.”

President Buhari was honoured at the occasion with Liberia’s highest award, the “Most Venerable Order of the Knighthood of the Pioneers of the Republic of Liberia with Grade of the Knight Grand Cordon.”

He said he accepted it on behalf of all Nigerians and as a tribute to all our countrymen who paid the supreme price in aid of Liberia’s unity and stability.

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He thanked the people of Liberia for the award  and expressed his resolve to continue to strengthen cooperation within the sub-region:

The President added: “This gesture can only strengthen my resolve to rededicate myself to the service of my country, work for the prosperity of our people in the sub-region.”

He encouraged his Liberian counterpart to take decisive actions to further stimulate the economy of the country:

Buhari stated: “Mr. President, Liberia under your leadership may wish to learn from our experience by taking courageous steps to diversify its economic base by developing the productive sector that would complement earnings from rubber, iron ore and the increasingly dwindling funds from Development Partners.

“In this regard, the need for proper management of human resources and investment in agriculture, solid minerals and other sectors such as tourism where the country has a comparative advantage, cannot be overstated.”

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