President Muhammadu Buhari has bemoaned 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.
According to a statement issued by his special adviser media, Femi Adesina, he said Nigeria as a country recognised her problems early enough, but remained potential for too long, and so did not achieve much results.
President Buhari stated this at State House, Abuja, while receiving Executive Members of Association of Africa Automotive Manufacturers (AAAM), led by the chairman, Mr Jeff Nemeth.
“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.
Nemeth said the Association comprised potential investors who were ready to unlock investment potentials on the African continent.
“We are ready to offer strategic partnership with Nigeria. We want to promote investor-friendly regulatory frameworks and sustainable manufacturing.
“We will equally promote infrastructure development, job creation, and skills transfer,” he said.
The AAAM chairman sought the support of the Presidency in the realisation of the vision and mission of the association.