- September 1, 2021
- Posted by: adminer
- Category: Finance
President Muhammadu Buhari has called on the new board of the Nigeria Sovereign Investment Authority (NSIA) to make more investments that support economic diversification.
He said in Abuja on Wednesday that such investment was necessary as global oil prices are projected to drop to around $40 per barrel by 2030.
Inaugurating the third Board of the NSIA, the President reaffirmed his administration’s commitment to implementing long term projects and programmes that create jobs for Nigerians.
He noted that the full impact of most of the strategic projects started under his watch will only be felt long after he had left office.
He described the appointment of the 9-man board as a call to duty, action and performance, adding that they were eminently qualified for the job.
‘‘This Government operates on the agenda for long term change which we all agree is inevitable. Change happens whether you are ready for it or not.
‘‘As representatives of the Federation, you are required to continue to drive the performance of the Authority to deliver benefits to all Nigerians.
‘‘You must bear in mind that the National Economic Council, your Governing Council and Nigerians as a whole will hold you accountable for this mandate.
‘‘Periodically, you will be required to provide evidence of your stewardship at the Governing Council Meetings where your performance will be assessed.
‘‘The bar before you is very high and all of us are counting on you to deliver. If you do, I assure you that Government and indeed all Nigerians will be unflinching in their support for you,’’ the President said.