Falling oil price !!

Crude Oil and Gas Export will no longer be sufficient
as Nigeria's major revenue earner. It's time to go
back to the land in Nigeria . – Buhari
August 7, 2015
President Muhammadu Buhari said Friday in Abuja
that the time has come for Nigerians to do more than
pay mere lip service to agriculture, as crude oil and
gas exports will no longer be sufficient as the
country's major revenue earner.
President Buhari made the declaration at an
audience with Dr Kanayo Nwanze, the Nigerian born
President of the International Fund for Agricultural
Development (IFAD), at the Presidential Villa.
"It's time to go back to the land. We must face the
reality that the petroleum we had depended on for so
long will no longer suffice. We campaigned heavily on
agriculture, and we are ready to assist as many as
want to go into agricultural ventures," the President
said.
The President pledged that his administration will
also cut short the long bureaucratic processes that
Nigerian farmers had to go through to get any form
of assistance from government.
He told the IFAD President that improvement of the
productivity of farmers, dry season farming, and
creative ways to combat the shrinking of the Lake
Chad will also receive the attention of his
administration.
"There is so much to be done. We will try and
articulate a programme and consult organizations
like IFAD for advise," the President said, adding that
foreign exchange will be conserved for machinery
and other items needed for production, "instead of
using it to import things like toothpicks."
Dr Nwanze congratulated President Buhari on his
victory at the general elections and assured him that
IFAD was ready to give all possible assistance to the
Federal Government and Nigerian farmers to boost
agricultural production in the country.
IFAD is an international organization dedicated to
addressing issues of agriculture and poverty
alleviation. It was established in 1978, and has been
collaborating with Nigeria for over 30 years.
Femi Adesina
Special Adviser to the President
(Media & Publicity)
August 7, 2015

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