U.S. Deputy Treasury Secretary Wally Adeyemo on Monday urged Nigeria to work to stabilize its currency and fight corruption to unlock what he called the 'unrealized opportunity' of Africa's most populous country.
U.S. Deputy Treasury Secretary Wally Adeyemo speaks during a joint news conference with EU Commissioner McGuinness in Brussels, Belgium March 29, 2022. REUTERS/Johanna Geron/Pool/File PhotoWASHINGTON, Sept 18 - U.S. Deputy Treasury Secretary Wally Adeyemo on Monday urged Nigeria to work to stabilize its currency and fight corruption to unlock what he called the "unrealized opportunity" of Africa's most populous country.
Adeyemo, who emigrated from Nigeria to the United States as a child, is visiting Nigeria through Tuesday to underscore the Biden administration's commitment to deepening economic and trade ties with African countries. His trip comes as Nigeria’s new president, Bola Tinubu, adopts reforms to revive the country's economy and is part of a broader push by U.S. President Joe Biden to strengthen ties and offer African countries an alternative to Chinese and Russian investment and trade.
"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
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