Ibekimi Oriamaja Reports
President Muhammadu Buhari said Friday in Abuja that entrepreneurs and the business community whose investments align with the government’s priorities in value and job creation will continue to receive his administration’s full support, noting that the massive growth experienced by conglomerates such as BUA Group is evidence of the correctness of government policies.
The President, who received the Management of BUA Group led by the Chairman, AbdulSamad Rabiu, at the State House, said the government’s focus on import substitution to encourage local production and export stimulates growth and stability, and he urged investors to capitalize on the vision.
“Please be assured that this government remains ready, willing, and able to support all well-meaning Nigerian entrepreneurs whose investments align with our import substitution and domestic job creation policies and programs,” he said.
President Buhari praised the Chairman of the BUA Group for focusing investments in the country and transitioning from trade to manufacturing.
“I am impressed and proud of BUA’s transformation from a trading company to a manufacturing conglomerate.”
“Import substitution is a key pillar of our administration’s policy thrust, particularly when it comes to essential items like food, household consumables, and shelter.” If a country our size and with our natural and human resources continues to import essential commodities, it demonstrates its weakness.
“For every grain of rice, wheat, or maize imported, we destroy our local farmers’ livelihoods while creating jobs abroad.” Because of this, our government introduced numerous laws, executive orders, and incentives to assist businesses with import substitution projects seven years ago,” the president said.
He emphasized that the administration’s priority remains job creation and economic security.
