The United States Consul-General in Nigeria,
Mr John Bray, on Thursday said that Nigeria
would be able to overcome her current
economic recession by attracting more Foreign
Direct
Investment.Bray gave the advice in Lagos at
this year’s Annual Lecture of the Hubert H.
Humphrey Fellowship Alumni Association.
The theme of his keynote address was “The
Challenges and Opportunities of Managing a
Recessionary Economy: The American
Experience’’.

“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 said.
Bray said that the U.S. would continue to be
the number one destination for foreign direct
investment because of foreign investors’
confidence of fair treatment, profit repatriation
and rule of law.
According to him, the United States remains
committed to helping Nigeria realise her
economic potential.
Chief Olabintan Famutimi, Patron of the
Hubert Humphrey Fellowship Alumni
Association, who noted that recession was a
universal phenomenon, said that Nigeria’s
current economic recession was self-inflicted.
Famutimi said that Nigeria had over these
years depended solely on revenue from crude
oil, whose price was being determined by
fluctuating international market forces.
The Association’s Patron also noted that when
crude oil was booming, Nigerian governments
paid lip-service to economic diversification, as
well as neglected other sectors of the
economy.
“Recession is a universal phenomenon and
almost all countries have had times
weathering the storms of it, including the
countries that are regarded as the most
prosperous today.
“ The United States, for instance, in her
238years of existence have spent
cumulatively, about 87years in recessions,
cueing from about 47 recessions recorded.
“But importantly, the United States has on
various occasions come out better, stronger
and more defined.
“We must also state that Nigeria is a very
peculiar nation, whose recession can be
described as ‘self-inflicted’, because we
walked right into it through careless
leadership,’’ he added.

source: http://www.vanguardngr.com/2016/12/us-offers-solution-nigerias-economic-recession/

Thank you US.

Prior to Obasanjo taking over in the 70's,Nigeria was debt free. It was the same US that advised Obasanjo to borrow money from the World Bank,and today look at all the debts we owe all over the World.

Same way you tricked Obasanjo,when there was an Oil Boom in the Country,into putting us in a forever debt is what you guys want to try with Buhari?

Same way the US gave Haiti,some good economic advice,and today Haiti is the poorest country in the World.

Not going to work.

Thank you America.

Thanks fire... Una 4low contribute

AT LAST.

The economic killing president from daura will not listen.

Survery click like if you think buhari will never list.
Click share if you think buhari will listen to this advise.

Lets go there