Why Nigeria Cannot Attract Foreign Direct Investments – US
The United States Government says Nigeria lacks the macroeconomic framework to address its challenges of foreign exchange instability. The US Deputy Secretary of Treasury, Wally Adeyemo, disclosed this recently at a forum with business leaders in Lagos. He landed in Nigeria on Sunday as part of the President Joe Biden administration’s commitment to deepening the US – Africa economic and trade relationship. According to him, there is no quick and easy solution to the country’s economic challenges. He, however, lauded President Bola Ahmed Tinubu’s recent economic reforms on forex exchange market unification. The US Deputy Secretary is optimistic that