President Muhammadu Buhari Saturday in Dead Sea, Jordan, urged world leaders to work towards narrowing gaps in social and economic opportunities for citizens as panacea to rising conflicts across the globe, attributing the Boko Haram terrorism in Nigeria to lack of inclusion.
Speaking at the World Economic Forum on Middle East and North Africa, the President, who honoured an invitation by King Abdullah II bin Al-Hussein of Jordan, said rising opportunities of prosperity for some people while others struggle to survive trigger tensions and conflicts.
“It is at this point that we must ask ourselves how we, as a region, got to this point. The answer, at least in the case of Nigeria, is the lack of social and economic inclusion.
“As Nigeria celebrated being the largest economy in Africa and one of the fastest growing economies in the world, Nigerians were migrating in droves through harsh desert conditions and across treacherous seas to seek what they believe would be a better life in Europe.
“Ladies and gentlemen, I strongly believe that the lack of social and economic inclusion was the root cause of many challenges we are experiencing,’’ he said.
President Buhari said the changes taking place across the world in technology, population, migration, trade and geo-politics had been yielding both positive and negative results and called for more collaboration across borders to alter tides of frustrations that fuel conflicts.
“It is my view, that no region of the world has felt the full impact of these dramatic shifts and shocks like the Middle East and Africa – North and Sub-Sahara.
“On one hand, our region is blessed with a very young, vibrant, enterprising and dynamic population. We also have valuable natural resources that are the envy of many nations.
“These assets and endowments contributed to our region experiencing some of the highest economic growth rates in the world. On the other hand, however, we have also been hosts to some of the deadliest conflicts in recent history. The deaths, damages and destructions caused by terrorist groups such as Al Qaeda, ISIS and Boko Haram over the last ten years will take decades to repair,’’ he added.
President Buhari said terrorism around the world, including Boko Haram, had been significantly degraded, stressing that the insurgents no longer control any territory in Nigeria, but the country had been left with the task of rebuilding.
“In this digital age where physical borders no longer exist to protect even the most secured nations, the only way to overcome predatory and divisionary forces is for all well-meaning nations to work together for the greater good of mankind.
“Simply put, cooperation amongst sovereign nations is no longer a choice. It is an absolute necessity,’’ the President said.
The European Union (EU) hit eight Russian officials with sanctions on Friday for their role in naval clashes with Ukraine late 2018. In November, Russia’s coastguard opened fire on and captured Ukrainian naval vessels and 24 crew members in the Kerch Strait, which links the Black Sea and the Sea of Azov.
He told the gathering of leaders, entrepreneurs and economic experts that Nigeria’s population is one hundred and ninety million, and by 2050, estimated to hit three hundred and ninety million, making it the third most populous country in the world.
President Buhari said he spent the last four years tackling security issues in the country and implementing policies that make the economy more inclusive.
“We are extremely grateful to the many countries that have stood with Nigeria to confront this global scourge and in particular, the Kingdom of Jordan under the leadership of His Majesty, the King.
“Furthermore, our economic diversification and social inclusion policies are also yielding positive results. Our country has now returned to the path of growth. We are making gains in the ease of doing business indices.
The President said the agricultural sector in Nigeria is driving government’s efforts to diversify the economy, adding that “in the spirit of “Building New Platforms of Cooperation’, we partnered with the Kingdom of Morocco to domesticate fertilizer production in Nigeria and revive over two million tons of abandoned fertilizer blending plant capacity. The outcome is we created tens of thousands of jobs in agriculture, logistics, manufacturing and retail sectors.’’
He said Nigeria had achieved moderate and inclusive growth in four years.
President Buhari said Africa and the Middle East must focus on policies that deliver shared economic prosperity for all citizens, adding that more could be done on trade and investments.
“Opportunities exist in key job creating sectors such as Agriculture, Health, Tourism, ICT, Infrastructure as well as Textile and garmenting to mention a few. Our new, inclusive and diversified Nigeria is definitely open for business. Our population, resources, policies and programs make it the most attractive investment destination in Africa,’’ he said.
King Abdullah II bin Al-Hussein of Jordan said inclusive growth will be of benefit to the entire world, especially when it creates enabling environment for youths and women.
The king of Jordan said opportunities must be expanded fast, while noting that “the challenges we face are not only problems to be solved rather they are opportunities for collaboration.’’
UN Secretary General Secretary-General António Guterres said the world will be better off with stronger collaboration, commending Jordan for playing a historical role in restoring peace in the Middle East, especially between Israel and Palestine.
The founder and Executive Chairman of the World Economic Forum, Professor Klaus Schwab, who congratulated President Buhari for his re-election for a second term, said discussions at the forum will focus on new ideas, entrepreneurship, innovation, environment, peace and reconciliation.