President Muhammadu Buhari yesterday said Nigeria was ready to receive investments towards boosting the lives of Nigerians.
According to him, Nigeria as a country recognised its problems early enough, but remained a potential for too long and did not achieve much result over the years.
Buhari spoke at the State House, Abuja, while receiving executive members of the Association of Africa Automotive Manufacturers (AAAM), led by the Chairman, Mr Jeff Nemeth.
To reverse the trend, Buhari, in a statement by the Special Adviser on Media and Publicity, Femi Adesina, said: “We must avoid mistakes of the past by government and manufacturers, and we are ready to get investment from all quarters, so that we can improve the lives of our people.”
He lamented that Nigeria failed to develop on the automobile initiative started in Bauchi, Kaduna and Ibadan, and depended too much on oil as the mainstay of its economy.
“We are making efforts to start our steel industry. I see vast opportunities for the country and those who invest here,” the President said.
Nemeth said the Association comprised potential investors ready to unlock its investment potential on the African continent.
He said: “We are ready to offer strategic partnership with Nigeria. We want to promote an investor-friendly regulatory framework and sustainable manufacturing.
“We will equally promote infrastructure development, job creation, and skill transfer,” he said.
The AAAM chairman sought the support of the Presidency in the realisation of the vision and mission of the association.