Local News

Lack of foreign investments denying youth employment – Buhari

Published

10 months ago

January 20, 2020

Victor Okoroafor

President Muhammadu Buhari has observed that the lack of foreign investment is denying employable young persons the opportunity to work in the country.

In an article titled “A new case for a Commonwealth based on trade,” made available to the media in Abuja on Sunday, he said greater United Kingdom engagement with Nigeria will bring jobs in untapped sectors.

He said: “For my country, greater UK engagement in its economy would bring jobs to under-tapped sectors, such as agriculture and manufacturing. Millions of highly skilled, English-speaking but underemployed young people, are eager to work but without the opportunities that foreign investment can bring to create jobs and build businesses.”

The president noted that with the United Kingdom certain to exit the European Union, like many other Commonwealth leaders, he is also seeking a new settlement, “not only of closer relations between the UK and my own nation but of unleashing trade within the club in which we together shall remain.”

He observed that even though the relations between Nigeria and the UK are close and longstanding, it has become increasingly defined by Britain’s membership of the European Union.

He added: “A new free trade agreement would reconfigure this, presenting new opportunities for both. As the largest economy in Africa, my country of nearly 200 million people has a great deal to offer: Nigeria’s vast natural energy and mineral resources, unbarred through the ending of customs barriers, could help supply growth for companies in all corners of the UK.

“Greater access would also be forthcoming to one of the world’s fastest expanding groups of consumers – the Nigerian middle classes.”

DISCLAIMER

For publication of your news content, articles, videos or any other news worthy materials, please send to

For Advert and other info, you can call or send a WhatsApp Message to

Related Topics:BuhariCommonwealthEuropean UnionLack of foreign investments denying youth employment - BuhariNigeriaPresident Muhammadu BuhariUK

Up Next

Drama As Native Doctors Vows To Make Prophet Odumeje’s Wife A Widow

Don't Miss

Buhari doing nothing to end killings, persecution of christians by fulani – EU

Victor Okoroafor

#EndSARS: I’m Pained By Death Of Nigerians, Buhari Weeps

#EndSARS: Your Speech, Insensitive And Useless — Apostle Suleman Blasts Buhari

“I Can’t” — Sanwo-Olu Replies Instagram User Who Asked Him To Summarize Buhari’s Speech
BREAKING: Buhari Meets Lawan, Gbajabiamila Over #EndSARS Protests
Buhari Is Right To Borrow For Infrastructure, Says Sen. Kalu [VIDEO]
BREAKING: Buhari Appoints Media Aide Onochie, 3 Others As INEC Commissioners