Stabilise Naira, end corruption to unlock Nigeria’s success – US Treasury’s Adeyemo tells Tinubu


U.S. Deputy Treasury Secretary, Wally Adeyemo on Monday advised President Bola Tinubu-led government to stabilize Naira and fight corruption to unlock Nigeria’s potential.

Adeyemo who is in Lagos to improve US-Nigeria economic ties praised Tinubu for pursuing difficult and bold reforms and listed steps needed for the type of growth that Nigeria needs to create economic opportunity for the Nigerian people.

“Your economic success is not only important to the approximately 200 million people who call Nigeria home, it is important to the region, the continent and the global economy,” Adeyemo said in a speech at Lagos Business School.

The visit by Adeyemo, the highest-ranking member of the African diaspora in the Biden administration, comes after visits to the continent by other top officials, including Treasury Secretary Janet Yellen and Vice President Kamala Harris.

“First, Nigeria needs a stable naira. Unifying Nigeria’s foreign exchange rate will also…

Source: Vanguard Newspaper