Skip to main content

U.S. pledges to help Nigeria diversify economy

The U.S. Secretary of State, John Kerry, says that his country will do everything in its power to help Nigeria diversify from single to multiple resources dominated economy. This is contained in statement from the information Unit, U.S. Department of State, on Thursday in Abuja.


Kerry held a meeting with the workers and families of U.S. Embassy in Abuja on Wednesday, where he made the statement. Kerry commended President Muhammadu Buhari’s commitment to moving the country forward by dealing with corruption, economic challenges and the challenge of Boko Haram. The secretary noted with concern that Nigeria was a single-resource dominated economy.

According to him, the reduction in the global price of oil, which is a major driver of Nigerian economy, is a huge challenge to it. “We are making enormous progress in pushing back against Boko Haram, and I came here now to reaffirm the promise of the United States to stand by Nigeria, to help Nigeria. “We will win this battle against Boko Haram, I promise you. And we will also do everything in our power to help to adjust the economy to a change. “No country should be single-resource dominated in its economy, and the lesson is you have got to diversify,” he said.

Kerry said that unlike most country he visited which had transitioned, “Nigeria is a country yet to fully transition.’’ He told the workers that they were really part of a critical moment of transformation, and it’s a wonderful thing to be able to work in an embassy. Kerry said they were working in a place where U.S. policies were geared to try to help accelerate that transformation and shape that transformation. He commended the efforts of more than 500 local workers at the embassy whom he said had helped to change lives.

The U.S. secretary of state lauded them for making a choice to better the lots of people by choosing to work at the embassy. He said that they could also make a difference in the life of people, a country and help the planet to be a better, safer, more prosperous place.

The U.S. Secretary of State, John Kerry, says that his country will do everything in its power to help Nigeria diversify from single to multiple resources dominated economy. This is contained in statement from the information Unit, U.S. Department of State, on Thursday in Abuja. Kerry held a meeting with the workers and families of U.S. Embassy in Abuja on Wednesday, where he made the statement. Kerry commended President Muhammadu Buhari’s commitment to moving the country forward by dealing with corruption, economic challenges and the challenge of Boko Haram. The secretary noted with concern that Nigeria was a single-resource dominated economy. According to him, the reduction in the global price of oil, which is a major driver of Nigerian economy, is a huge challenge to it. “We are making enormous progress in pushing back against Boko Haram, and I came here now to reaffirm the promise of the United States to stand by Nigeria, to help Nigeria. “We will win this battle against Boko Haram, I promise you. And we will also do everything in our power to help to adjust the economy to a change. “No country should be single-resource dominated in its economy, and the lesson is you have got to diversify,” he said. Kerry said that unlike most country he visited which had transitioned, “Nigeria is a country yet to fully transition.’’ He told the workers that they were really part of a critical moment of transformation, and it’s a wonderful thing to be able to work in an embassy. Kerry said they were working in a place where U.S. policies were geared to try to help accelerate that transformation and shape that transformation. He commended the efforts of more than 500 local workers at the embassy whom he said had helped to change lives. The U.S. secretary of state lauded them for making a choice to better the lots of people by choosing to work at the embassy. He said that they could also make a difference in the life of people, a country and help the planet to be a better, safer, more prosperous place.

Read more at: http://www.vanguardngr.com/2016/08/u-s-pledges-help-nigeria-diversify-economy/

Comments

Post a Comment

Popular posts from this blog

Chelsea preparing world-record Bonucci bid

Chelsea owner Roman Abramovic has told manager Antonio Conte that a January move for Juventus defender Leonardo Bonucci could be on the cards. According to reports from the Telegraph, the Russian businessman is prepared to bankroll a number of new signings in the New Year as the Blues look to retain the Premier League trophy. Bonucci would command a world-record fee for a defender, expected to be in the region of £50 million, should he move to Stamford Bridge.
Post a Comment
Read more

Turkey bomb victims ‘mostly children’surviving

Most of the victims of the bombing of a Kurdish wedding party in the Turkish city of Gaziantep on Saturday were children, media reports have said. Twenty-nine victims were under the age of 18, reports said, with one official saying 22 were under the age of 14. The death toll rose to 54 yesterday. The suicide bomber himself was a child aged between 12 and 14, President Recep Tayyip One woman lost four children in the attack, Emine Arhan, said yesterday: “If it wasn’t for my only surviving child, I would have killed myself.” Another victim was a nine-year-old girl who had stayed on at the party to see the bride after her parents had left, according to reports. A disproportionately large number of women and children were killed in the attack because it targeted henna night, a part of the celebration attended mainly by women and children. Turkish officials said the type of bomb used, which contained scraps of metal, was similar to those used in previous attacks on pro-Kurdish gatherings. ...
Post a Comment
Read more

Conte: Chelsea must learn to kill matches

Chelsea manager Antonio Conte says his side must learn to kill off matches quicker following their 3-2 League Cup win over Bristol Rovers. Michy Batshuayi scored two goals either side of a Victor Moses strike at Stamford Bridge to send the home side into the third round, but they were given a fright when the visitors twice halved a two-goal deficit through Peter Hartley and an Ellis Harrison penalty. The victory is Conte's third in competitive matches as Chelsea boss, following 2-1 wins over West Ham and Watford in the Premier League - both of which came about thanks to late goals from Diego Costa. And the former Italy boss wants his players to become more ruthless in their approach in order to prevent similarly nervy encounters in future. "These games are very tough," he told BBC Radio London Sport. "When you dominate the game, you must kill the game. In this case, we didn't do this. "It's a pity because when you're playing very well, creating a lot...
Post a Comment
Read more