We are learning from Iran’s diversification experience – Buhari


President Muhammadu Buhari on Monday said the Federal Government is working assiduously to ameliorate the challenges faced by the Nigerian economy within a short period by studying the experiences of countries like Iran which thrived in adversity.

He made the remark while receiving a Special Envoy of the Iranian President, Mohammad Javad Zarif, at the Presidential Villa, Abuja.


Buhari, in a statement issued by his Special Adviser on Media and Publicity, Femi Adesina, said the Iranian economy remained an inspiration for Nigeria in the deployment of technology to harness and export gas, grow food for the populace and promote entrepreneurship.

He said: “The progress made by Iran within a short period of 30 years is really commendable. Within the period, you have been able to harness gas flaring, and you are now exporting. You have recorded strides in security, manufacturing, agriculture and technology.

“You have also achieved a lot in nuclear research. I must also congratulate you for successfully negotiating with America and the European countries on the development of your nuclear energy.”

He noted that Nigeria had all the potentials for growing into a great economy through more inclusive planning, consistency in government policies and commitment to the realization of development targets.

He added: “In Nigeria, we are learning. We are learning the hard way through hardship, and we are learning very quickly on how to explore other sectors of the economy like gas, solid minerals and agriculture for growth.

“We are grateful for your support and cooperation in opening up the Nigerian economy for diversification.”

In his remark, the Iranian envoy, who is also the Minister of Foreign Affairs, said the Iranian government would support the ongoing restructuring of the Nigerian economy.
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  1. sir, pls check out how long it took Indonesia. Singapore, Malayasia, China,and the structural Dubai. it took China 30yrs which is the longest, the rest took below 20yrs.you were around in 1985......just thinking aloud sir!

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