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U.S Deputy Secretary Adeyemo Offers Insights On Nigeria’s Economic Prosperity
U.S Deputy Secretary Adeyemo Offers Insights On Nigeria’s Economic Prosperity....KINDLY READ THE FULL STORY HERE▶

Mr. Wally Adeyemo, Deputy Secretary of the United States Department of the Treasury, has called upon the Federal Government to ensure the stability of the naira, emphasizing its pivotal role in reviving the nation’s economy.
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Adeyemo, accompanied by a U.S. envoy delegation, made these remarks in Lagos during a Fireside discussion titled “U.S.-Nigeria Economic Relations: People, Entrepreneurship, and Investment,” hosted by the Lagos Business School (LBS).
As the first black U.S. Deputy Secretary of the Treasury, Adeyemo assured of President Joe Biden’s commitment to bolster the socioeconomic relationship between the two nations.
He emphasized that for Nigeria’s economy to prosper, the Federal Government must address four key critical areas that hold the potential to elevate the country’s status.
Adeyemo stressed the necessity of a stable naira and the unification of Nigeria’s exchange rates to ensure macroeconomic stability, thereby attracting investment and sparking transformative opportunities.
Furthermore, he called for the government to articulate a clear fiscal strategy that fosters credible investment, both for local and foreign investors, while asserting that, with the right macroeconomic framework, Nigeria can become the preferred destination for foreign capital, including from the United States.
Adeyemo urged the government to demonstrate greater commitment to combating corruption, holding public officials accountable, which, in turn, could stimulate investments into the country.
He expressed his presence at the event as an opportunity to discuss how the U.S. can collaborate in Nigeria’s economic reform programs, emphasizing that a prosperous Nigeria is mutually beneficial for both nations and the entire continent.
Acknowledging Nigeria’s vast economic potential, Adeyemo highlighted its significance to the country’s citizens, the continent, and the United States as a whole. He affirmed President Biden’s dedication to strengthening the U.S.-Nigerian relationship due to shared values.
Adeyemo noted the significant contributions of Nigerians globally, including the success of companies like the Dangote Group and Globalcom, as well as their contributions to culture, arts, entertainment, fintech, healthcare, and more.
With over 40 million MSMEs in Nigeria, predominantly operated by the youth, he emphasized the importance of implementing policies that would drive the growth of these businesses and further stimulate the nation’s economy.
The Vice Chancellor of the Pan Atlantic University, Prof. Enase Okonedo, expressed Nigerians’ eagerness to strengthen socioeconomic ties with the USA, particularly in vital sectors such as healthcare, security, infrastructure, and support for wealth creation.
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The 33-year-old Liverpool star remains the central figure in coach Hossam Hassan’s selection, despite reports linking him with a possible exit from Anfield after nine successful years at the club.
Salah, who has scored 67 goals in 115 appearances for Egypt, will carry the nation’s hopes as they aim for a strong run in the tournament.
Manchester City forward Omar Marmoush also made the squad following an impressive season, while 18-year-old Barcelona U19 striker Hamza Abdelkarim earned a surprise call-up despite not yet making a senior international appearance. Nantes striker Mostafa Mohamed was among the notable omissions.
Egypt will reduce the squad to the FIFA-required 26 players after their friendly against Russia in Cairo on May 28, before facing Brazil in another warm-up match on June 6 in Cleveland.
The Pharaohs have been drawn in Group G, where they will begin their campaign against Belgium on June 15, followed by matches against New Zealand and Iran.
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