Economy

Nigeria’s Economy Gradually Recovering, Says Buhari

  • Nigeria’s Economy Gradually Recovering, Says Buhari

President Muhammadu Buhari on Thursday said the nation’s economy was gradually recovering from recession.

According to a statement by his Special Adviser on Media and Publicity, Mr. Femi Adesina, the President spoke while receiving the outgoing Ambassador of the Royal Embassy of Saudi Arabia, Fahad Bin Abdullah Sefyan, in audience at the Presidential Villa, Abuja.

“Noting that the last farming season was quite good and the Nigerian economy was gradually reviving, President Buhari said the two countries would have more areas to collaborate in future,” the statement read in part.

Buhari noted that the relationship between Nigeria and Saudi Arabia was a mutually beneficial one, which should grow stronger in the years to come.

He observed that the relationship between both countries was strong, adding that apart from visiting Mecca and Medina for religious reasons, a lot of Nigerians were in Saudi Arabian universities.

“I quite appreciate the relationship between the two countries,” the President said.

Sefyan, who spent 20 months in the country, said he loved it in Nigeria and would have wanted to stay for longer if not that he was due for retirement.

He commended Buhari for his visit to Saudi Arabia in February 2016, and added that there should be reciprocal visits between the leaders of both countries.

On the security situation in Nigeria, the outgoing ambassador told the President, “I think you are doing very well, Your Excellency. We know what you have done with Boko Haram, and we applaud you.”

Samed Olukoya

Is the CEO and Founder of Investors King Limited. He is a seasoned foreign exchange research analyst and a published author on Yahoo Finance, Business Insider, Nasdaq, Entrepreneur.com, Investorplace, and other prominent platforms. With over two decades of experience in global financial markets, Olukoya is well-recognized in the industry.

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