President Muhammadu Buhari in Riyadh said new investments and reforms in the agriculture sector hold the key to his administration’s quest to lift 100 million Nigerians out of poverty in the next 10 years.
Speaking at a panel discussion on the second day of the Future Investment Initiative FII conference in the Riyadh city, Buhari reiterated his resolve to walk the talk.
On poverty reduction in Nigeria, the president pointed to the “vigorous implementation of key reforms” of his administration in the farming and agriculture sector including soft loans to farmers, availability and affordability of farming inputs and restrictions on food imports grown locally, as some measures that have encouraged agriculture revolution in the country.
However, King Salman of Saudi Arabia pledged his country’s willingness to invest in Nigeria’s oil and gas sector as well as strengthen the strategic partnership between the Saudi Energy Company, Aramco, and the Nigeria National Petroleum Corporation NNPC.
A statement by Senior Special Assistant on Media and Publicity, Garba Shehu, said the two leaders agreed to advance cooperation in the areas of oil and gas, given the similarities of both nations as big producers of the commodity.
