The President, Major General Muhammadu Buhari (retd.), on Friday, has said the success of indigenous businesses such as BUA Group lends credence to the Federal Government’s economic policies in the past seven years.
This was as Nigerian businessman, philanthropist and Chairman, Bua Group, Mr Abdul Rabiu, who paid a visit to the President in Abuja, thanked him for creating an enabling environment for business to thrive.
President Buhari also said the government remains ready, willing and able to support all well-meaning Nigerian entrepreneurs whose investments align with the regime’s import substitution and domestic job creation policies and programmes.
According to a statement signed by his Special Adviser on Media and Publicity, Femi Adesina, President Buhari said this when he received the Management of BUA Group at the State House led by the Chairman, Abdul Samad Rabiu.
The statement is titled ‘Growth of private conglomerates like BUA Group evidence of the correctness of our policies, says President Buhari’.
He urged investors to take advantage of the government’s focus on import substitution to encourage local production and export.
This was as he assured entrepreneurs and the business community that investments that align with the priorities of the government in value and job creation would continue receiving support of the regime.
“Let me assure you and the entire business community 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 commended the Chairman of BUA Group for concentrating investments in the country, and transiting from trade to manufacturing.
“I am impressed and proud of the transformation BUA has made from trading concern to a manufacturing conglomerate. A key pillar of our administration’s policy thrust is import substitution especially when it comes to essential items such as food, household consumables and shelter.
“A nation of our size and with our natural and human resources is exhibiting its weakness if it continues importing essential commodities. For every grain of rice, wheat or maize we import, we destroy the livelihoods of our local farmers while creating jobs abroad.