Nigeria No More A Big Oil Producer With Deep Pockets – Buhari

Crude-Oil-Barrels-OPEC

President Muhammadu Buhari, Thursday in Mecca, stated that the Nigeria that was seen a big producer of oil had gone, stating that the country needed all the support from interesting partners to diverse and develop her economy.

The president spoke at a meeting with the President of the Islamic Development Bank (IDB), Dr. Ahmed in Saudi Arabia. The IDB has offered to organize a financing roundtable in Abuja aimed at raising more funds for investment and development of infrastructure in Nigeria.

“The days of Nigeria as a big oil producer with plenty of money are gone. We need all the support we can get to diversify our economy as quickly as possible.

“We also need to rehabilitate our infrastructure, develop the domestic capacity to feed ourselves and export the surplus,” he said.

Speaking earlier, Dr. Ali assured President Buhari that the IDB would work with its traditional partners such as the Saudi Fund, the Kuwait Fund, Arab Bank for Development in Africa and the Abu Dhabi Fund, to increase the quantum of funding available to Nigeria.