US diplomat in Nigeria says country is ripe for investors

Jan 29, 2018

The head of the U.S. Consulate in Nigeria's capital says U.S. support for Nigeria's economy will continue given the African country's demographics

LAGOS, Nigeria — The head of the U.S. Consulate in Nigeria's capital says U.S. support for Nigeria's economy will continue given the African country's demographics.

United States Consul General F. John Bray spoke with The Associated Press on Monday after participating in the closing gong ceremony at the Nigeria Stock Exchange House in Lagos.

Bray says the U.S. private sector invests $8.1 billion a year in Nigeria and the country's population of 180 million provides a tremendous base of consumers.

Bray said that businesses without a strategy for Nigeria don't have an investment strategy for Africa.

The consul says he discusses diversifying the Nigerian economy with American business leaders.

However, Nigeria's crippled infrastructure has made doing business there difficult. Power outages, road blockages and security issues are some of the issues investors consider.

YOUR NEWS, OUR NETWORK.

Do you have Great News you want to tell the world?

Be it updates about your business or your community, you can make sure that it’s heard by submitting your story to our network reaching hundreds of news sites across 6 verticals.


About Us

Everybody can’t get enough of sports be it football, rugby, cricket even athletics. From local cup to super cup to world cup, there’s enough sports to be enjoyed every minute of every day

Copyright © 2015 - 2020 Daily Sports Club. All Rights Reserved.