Economic reforms which will promote Nigeria as an investment friendly country is surely needed and this fact is more real than ever and has been acknowledged by the Nigerian President Muhammadu Buhari himself.
In reaction to recent and widespread criticisms particularly from the opposition party, the People's Democratic Party (PDP) that; the Nigerian President has not been projecting the country in good light internationally as an investment friendly country with honest people based on his speeches on, the indebtedness and economic crisis of the country largely due to corruption of it's citizens and corruption of those who previously were in power, the President has defended himself thus;
"I think that the economy as I have seen it now since my sitting here for the last four months, that we are so much battered. Although some people are saying I am giving bad publicity and scaring away investors.
Any investor who is interested in investing in Nigeria will seem to know more about the economy more than ourselves. So when I come and tell the truth about the position of the economy of the country, I am going out looking for investors.
“But I am confirming to them that we are truthful, that we need them to come and help us help ourselves by getting in industries, manufacturing and services. They know our needs. The economy of human resources, I believe will make them eventually come and help us."
Aware that the he had come under heavy criticism following his statement on the state of Nigeria’s economy, the Nigerian president said he would continue to speak the truth about the economy.
This response by the Nigerian President was given while accepting the list of Ministerial nominees from the Nigerian Senate President on Tuesday November 2, 2015. The said list of Ministerial nominees are containing the names of about 36 persons who have been recently screened and confirmed to work with the Nigerian President and serve under his cabinet as Ministers of the Federal Republic of Nigeria.
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