There is no quick and easy solution to Nigeria’s economic challenges, the United States Government has disclosed.
The US Deputy Secretary of Treasury, Wally Adeyemo, who stated this at a forum with business leaders in Lagos, said the country lacks a macroeconomic framework to attract more dollar-denominated foreign direct investments into its economy.
He spoke at the Lagos Business School on the US–Nigeria Economic Relationship.
“There is no quick easy solution to those challenges, I want to be honest about that. That is what true partners are,” Adeyemo told his audience.
“But ultimately, we know that by helping to make investments in Nigeria economy in your businesses, especially, SMEs, we can help build a type of ecosystem that can help Nigeria be successful over time,” he added.
The US Deputy Secretary, who arrived in Nigeria on Sunday, is on a visit to the country as part of the President Joe Biden administration’s commitment to…