The days of Nigeria as a big oil producer with plenty of money are gone – Buhari

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 made the disclosure while sanctioning an
offer by the Islamic Development Bank (IDB) to organize
a financing roundtable in Abuja aimed at raising more
funds for investment and development of infrastructure in
Nigeria.
The president spoke at a meeting with the President of
the IDB, Dr. Ahmed in Saudi Arabia.
"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.
A statement by the presidential spokesman, Mallam
Garba Shehu also added them President Buhari also
"welcomed the plan by the IDB to fast track the take-off
of the Bilingual Education Program, aimed at integrating
the Almajiri system of education with Western education
in Nigeria."
The recalled that the "The IDB has already provided US$
98 million for the Bilingual Education Program in
Adamawa, Gombe, Kaduna, Kano, Kwara, Nasarawa,
Niger, Osun and Yobe. The bank plans to support similar
projects in other states of Nigeria.".