President Muhammadu Buhari on Tuesday stated that Nigeria as a country recognized her problems early enough, but remained potential for too long, and so did not achieve much results.
President Buhari said that to reverse the trend, "We must avoid the mistakes made in the past by both government and manufacturers, and we are ready to get investment from all quarters, so that we can improve the lives of our people."
The President lamented that Nigeria failed to develop on automobile initiatives started in Bauchi, Kaduna and Ibadan, and depended too much on oil as mainstay of her economy.
"We are making efforts to start our steel industry all over again. I see vast opportunities for both the country and those who invest here," the President said.
The President spoke Tuesday at the State House, Abuja, while receiving Executive Members of Association of Africa Automotive Manufacturers (AAAM), led by the chairman, Mr Jeff Nemeth.
Source: nigerianbulletin news
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