Thursday, December 8, 2016

How Buhari Can End Nigeria's Recession - US Govt

A representative of the United States government has advised President Muhammadu Buhari on how to end the recession troubling Africa's most populous nation.

According to United States Consul-General in Nigeria, Mr. John Bray, Nigeria would be able to overcome her current economic recession by attracting more Foreign Direct Investment.

“As the most populous country on the continent and as the largest economy in Africa, Nigeria clearly stands to gain from increasing its attractiveness to foreign investors.

“As in the case for the U.S. economy, FDI offers much to contribute to Nigeria’s ability to grow its economy and increase its global competitiveness.

“I hope that Nigeria will use the current recession as an opportunity to adopt and implement economic reforms to address challenges that existed before the current recession.”

He added that the US is committed to helping Nigeria out of the current economic quagmire.

He spoke at this year’s Annual Lecture of the Hubert H. Humphrey Fellowship Alumni Association in Lagos state.

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