The President, Major General Muhammadu Buhari (retd.), on Friday, said the success of indigenous businesses such as BUA Group lends credence to the Federal Government’s economic policies over the past seven years.
He also said the government remains ready, willing and able to support all well-meaning Nigerian entrepreneurs whose investments align with the regime’s import substitution and domestic job creation policies and programs.
According to a statement signed by his Special Adviser on Media and Publicity, Femi Adesina, President Buhari said this when he received the Management of BUA Group at the State House led by the Chairman, Abdul Samad Rabiu.
He urged investors to take advantage of the government’s focus on import substitution to encourage local production and export.
This was as he assured entrepreneurs and the business community, that investments that align with the priorities of the government in value and job creation will continue receiving the full support of the regime.
President Buhari commended the Chairman of BUA Group for concentrating investments in the country and transiting from trade to manufacturing.
Buhari noted that the successes recorded by entrepreneurs and the business community, like BUA, were “clear testaments to the correctness of our programs and policies.’’
He also noted that they have also seen similar successes, especially in the food and agri-input value chain.
In his remarks, Rabiu said the BUA Group is mindful of where it was at the advent of the Buhari regime, and the giant strides it has taken today.
He enumerated the Group’s successes which include the creation of three new cement factories of 7.5 million metric tonnes capacity in Edo and Sokoto States to the already existing plants, a new 750,000 metric tonnes sugar refinery in Port Harcourt, Rivers State, a 20,000 hectares fully integrated sugar plantation in Kwara State with a sugar mill refinery and ethanol plant, four flour and pasta factories, a 200,000 barrels per day refinery with a petrochemical plant, among others.
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