US advises Buhari on how to end recession

The United States of America seems concerned about Nigeria’s current state of economy which is best described as a recession.

This is because the US Consul-General in Nigeria, Mr John Bray, is advising President Muhammadu Buhari on how he can move the country out of the problem that has brought hardship on the citizens.

Bray said Nigeria must start attracting more foreign direct investments if it wants to leave recession.

Currently, many investors are raising concerns over an alleged unconducive environment for business to do well.

Speaking at the Hubert H Humphrey Fellowship Alumni Association lecture in Lagos, Bray said his country was committed to assisting Nigeria in this current situation.

The US official said: “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.”