News
Nigeria lacks macroeconomic framework to attract foreign direct investments – US
The U.S Government has said that Nigeria lacks the macroeconomic framework to address its challenges of foreign exchange instability
The US Deputy Secretary of Treasury, Wally Adeyemo disclosed this at a recent forum with business leaders in Lagos State
According to him, there is no quick & easy solution to the country’s economic challenges. However he said he is optimistic that the country would attract foreign investments with improved fiscal policies, in addition to recent policies.
ALSO READ: Canada accuses India of an assassination on its soil
“There is no quick, easy solution to those challenges; I want to be honest. That is what true partners are. Nigeria lacks a macroeconomic framework that will help bring more foreign direct investments including dollar-based foreign investments
The early steps the government has taken are good regarding what they have done (fiscal policy) & what they are trying to do with unifying the exchange rates. More needs to be done, & they recognise that
-
Business4 days agoOPay explains how Nigerians can access FG’s N50,000 monthly cash relief
-
Sports1 week agoSenegal opens Dakar 2026 Youth Olympic Games, Africa’s first Olympic event
-
Latest1 week agoFG Announces N50,000 cash support for vulnerable Nigerians under new relief programme
-
Business1 week agoNNPC’s N66-per-litre petrol discount set to end October 31
-
Latest1 week agoINEC recognises Pantami for Gombe, keeps Kano NDC candidate off final list
-
Latest1 week agoNDC Chieftain tells Atiku to drop presidential ambition over son’s support for Tinubu
-
Crime1 week agoDoris Ogala remanded as Court adjourns bail hearing to November 6
-
Latest1 week agoOne dead, one injured in three road emergencies across Lagos – LASEMA