Home / NEWS / Diversify the economy in order to pursue development, US tells Nigeria

Diversify the economy in order to pursue development, US tells Nigeria

Amb. Stuart Symington, U.S Ambassador to Nigeria, says there is need to diversify Nigeria’s economy toward pursuing deeper growth and development.

Symington made the remarks at the Nigerian-American Chamber of Commerce (NACC) Annual Dinner and Inauguration of Otunba Oluwatoyin Akomolafe as NACC’s 18th President in Lagos.

Symington, in a statement by Ebuka Ugochukwu, the Communication Manager, Nigerian-American Chamber of Commerce on Sunday said that Nigeria should reduce its dependence on crude oil.

“Let us make the Nigerian brand what God has made it which is the green and white. There is need to diversify the economy in order to pursue development and a better future.

“The entire world is getting old while Africa and Nigeria is getting younger, because they are growing six times faster over the next three years, faster than even India or China.

“The question about this growth being a blessing or a curse, is dependent on us as a country,” he said.

According to him, Nigeria has the opportunity to leverage the very best of U.S-Nigeria relationship, joined together by ties of blood, education, investment and other factors to unite it.

“We all have a secret opportunity to do well alone and to do good together.

“Nigeria is a land of the free and the home of the brave. Changing the world and making it a better place is a task left for us all to do,” the envoy said.Also, Chief Olusegun Osunkeye, a former Chairman, Nestle Foods Nigeria, said that Nigeria has to unearth the golden opportunities for economic growth and development with agriculture and ICT which were viable alternatives to crude oil export.

“Most African countries are boosting their agricultural sector in order to increase their benefits from African Growth and Opportunity Act (AGOA) and Nigeria should not be an exception.

“Lack of a supportive environment for agriculture in Africa in terms of infrastructure and high quality tools accounts for the reason why the continent’s agricultural products are not competitive.

“African Governments should invest more to support their local and agricultural industries.

“U.S also has a role to play in eliminating or reducing subsidies for American farmers and also make efforts to diversify its investments in Africa in ways that supports the continent’s agricultural sector rather than strictly focussing on the oil sector,” he said.

The Chairman of Honeywell Group, Oba Otudeko, said that the bilateral trade between Nigeria and the U.S which stands at 9.2 billion dollars in 2017 was achieved through concerted efforts from critical stakeholders who were promoting trade and investment between both countries.

Otudeko said that the low performance of non-oil Nigerian businesses in taking advantage of (AGOA) was a major source of concern.

“I am persuaded beyond any doubt your President and his team will work assiduously to ensure that Nigerian businesses, your members, are better challenged, prepared and positioned to take advantage of AGOA.

“I know Akomolafe will work to ensure that NACC remains an enabler for growth and a major private-sector organ for increased trade volumes between Nigeria and the United States of America, especially more export of made-in-Nigeria products to the US,” he said.

Also, Otunba Oluwatoyin Akomolafe, President of NACC, said that the chamber was committed to improving trade relations between Nigeria and the U.S.

Akomolafe said that the chamber would continue to build upon its connections to advance economic cooperation between Nigeria and the U.S through the promotion of business and services that improve trade relations.

About Dotun Roy

DotunRoy.com is a development driven news website with the overall goal of amplifying, promoting and advocating for positive societal change through Sustainable Development advocacy in line with UN SDGs components such as education, environmental sustainability and Climate Change, Human Rights, health, finance, housing, good governance as well as security in Nigeria and across the world.


  1. I have learn several just right stuff here. Certainly value bookmarking for revisiting. I wonder how much attempt you place to make one of these wonderful informative site.

  2. Best Online Pharmacies Cialis Toma Diaria mail order levitra Where To Buy Amoxil Online Without Rx Baclofene Appetit

  3. Wonderful blog! Do you have any tips and hints for
    aspiring writers? I’m planning to start my own blog soon but I’m a little lost on everything.
    Would you recommend starting with a free platform like WordPress or go for a paid option? There are so many options out there that I’m
    completely overwhelmed .. Any recommendations?
    Thanks a lot!

  4. What’s up, yeah this paragraph is truly nice and I have learned lot of things from it concerning blogging.

  5. Wow, superb blog layout! How long have you been blogging for?
    you make blogging look easy. The overall look of your site is excellent,
    as well as the content!

  6. Pretty nice post. I just stumbled upon your blog and wanted to
    say that I have truly enjoyed browsing your blog posts.
    In any case I will be subscribing to your rss feed
    and I hope you write again soon!

  7. Hurrah, that’s what I was looking for, what a
    data! existing here at this web site, thanks admin of this web page.

  8. This article is truly a good one it helps new
    internet visitors, who are wishing in favor of blogging.

  9. Wow, marvelous blog layout! How long have you been blogging for?

    you made blogging look easy. The overall look of your site is excellent,
    as well as the content!

  10. Online Propecia Prescription Sugar Pill Acheter Cialis Viagra Levitra viagra Potenzmittel Viagra Holland

  11. Howdy I am so thrilled I found your site, I really found you by accident, while I was looking on Yahoo for something else, Regardless I
    am here now and would just like to say cheers for a
    tremendous post and a all round exciting blog (I also love the theme/design), I
    don’t have time to read through it all at the minute but
    I have saved it and also added your RSS feeds, so when I have
    time I will be back to read more, Please do keep up
    the fantastic job.

  12. Great site you’ve got here.. It’s difficult to find high
    quality writing like yours these days. I seriously appreciate individuals like you!

    Take care!!

  13. Good job on this article! I really like how you presented your facts and how you made it interesting and easy to understand. Thank you.

  14. Propecia Prix Prix Propecia Pas Cher online pharmacy Proscar Pelo Propecia

  15. Paxil Progress Success Stories 50 Gel Oral Kamagra Paypal viagra online prescription Propecia Hilft Cialis Generika Per Nachnahme Bestellen Comprare Viagra San Marino

  16. Propecia How To Use cheapest cialis Viagra Generico Eurofarma Kamagra Jelly Efectos Secundarios

  17. Cytotec Order cialis without a doctor’s prescription Commande Seroplex 20 Propecia Reviews Cialis Miglior Sito

  18. Brand Viagra Hawaii Cytotec Et Maladie viagra online prescription Propecia Sterilizzazione Amoxicillin Interactions With Metacam Order Viagra Onlines

  19. I really like your blog.. very nice colors & theme.
    Did you make this website yourself or did you hire someone to do
    it for you? Plz respond as I’m looking to design my own blog and
    would like to find out where u got this from.
    many thanks

  20. Discount Generic Worldwide Stendra Legally Visa Next Day Delivery viagra Cialis Plux Dapoxetine Online Ordering

  21. This site was… how do you say it? Relevant!!
    Finally I have found something that helped me. Thank you!

  22. Dapoxetine 30mg Amoxicillin Life cialis generic Buy Priligy Thailand Temovate

  23. Zithromax Takes How Long To Work Sulfamethoxazole cheapest generic levitra no pres Cheapest Viagra Online Propecia Prescription Discount Finasteride Tablets

  24. Best Buy Fluoxetine cialis online Will Lasix Show Up On A Drug Test

  25. Shipped Ups Bentyl 20mg Medication viagra online prescription Amoxicillin Oral

  26. Buy Letrozole No Prescription Cialis Generico A Basso Costo Viagra Et Cialis Pas Cher cialis no prescription Viagra Without Prescription 400 Mg Amoxicillin Dosage In Children

  27. Viagra Kondom Kaufen propecia igual Cialis E Gastrite Keflex Anitbiotic For Abscess Tooth Buy Generic Propecia

  28. Buy Xenical Online order cialis online Kamagra Gel France

  29. Wonderful article! This is the kind of information that
    are meant to be shared around the net. Disgrace on Google for not positioning this submit
    upper! Come on over and visit my web site .

    Thanks =)

  30. I am curious to find out what blog system you have been utilizing?
    I’m experiencing some small security problems with my latest site and I’d like to find something more safeguarded.
    Do you have any recommendations?

  31. Kamagra 100mg Montpellier Dosing Amoxicillin 500 Mg cialis 20mg price at walmart Kamagra Jelly 100mg

  32. Tremendous things here. I am very happy to peer your article.

    Thanks a lot and I’m having a look ahead to touch you.
    Will you please drop me a mail?

  33. El Viagra Tiene Vencimiento Tabletas Propecia Finasteride viagra online Viagra Rezeptpflichtig Holland Amoxicillin Side Effects In Cats Where Get Flagyl With No Prescription

  34. Hello! I know this is kinda off topic however , I’d figured I’d ask.
    Would you be interested in trading links or maybe guest writing a blog post or vice-versa?
    My site covers a lot of the same subjects as yours
    and I feel we could greatly benefit from each other. If you’re interested feel
    free to send me an email. I look forward to hearing from you!
    Fantastic blog by the way!

  35. Whats up are using WordPress for your blog platform? I’m new
    to the blog world but I’m trying to get started and create my own. Do you require any html coding knowledge to make your own blog?

    Any help would be really appreciated! natalielise pof

  36. Buy Cheap Celebrex Online Propecia Pvp cialis vs viagra Order Prednisone From Canada Acheter Cialis Avis

  37. If some one desires expert view about blogging afterward i recommend him/her to pay a quick visit this website, Keep up
    the fastidious job.

  38. Undeniably imagine that that you stated. Your favorite reason seemed to be at the web the easiest
    factor to have in mind of. I say to you,
    I certainly get irked whilst other folks think about worries that they just don’t know about.
    You controlled to hit the nail upon the highest and also outlined out the entire
    thing with no need side effect , folks could take a signal.
    Will probably be back to get more. Thank you

  39. Nice post. I learn something totally new and challenging on websites I stumbleupon on a daily basis.
    It will always be helpful to read articles from other authors and use something
    from their web sites.

  40. I will right away seize your rss as I can not to find
    your e-mail subscription hyperlink or e-newsletter service.
    Do you have any? Kindly let me realize in order that I could subscribe.

  41. Great article. I am going through some of these
    issues as well..

  42. Just wish to say your article is as surprising. The clarity to your submit is just nice and that i
    could assume you’re a professional in this subject.
    Fine with your permission let me to snatch your feed to keep updated with approaching
    post. Thank you 1,000,000 and please continue the gratifying work.

  43. Hi, this weekend is nice in support of me, since this point in time i am reading this wonderful
    informative paragraph here at my house.

  44. My spouse and I stumbled over here coming from a different page and thought I might check things out.
    I like what I see so now i am following you. Look forward to exploring your
    web page for a second time.

  45. Undeniably believe that which you said. Your favorite justification appeared to be on the
    web the easiest thing to be aware of. I
    say to you, I definitely get irked while people consider worries that they plainly don’t know about.

    You managed to hit the nail upon the top as well as defined out the whole
    thing without having side effect , people can take a signal.

    Will likely be back to get more. Thanks

  46. Wonderful, what a webpage it is! This weblog presents helpful facts to us, keep it up.

  47. Hi! I could have sworn I’ve been to this site before but after browsing through many of the articles I
    realized it’s new to me. Regardless, I’m definitely
    delighted I came across it and I’ll be bookmarking it and checking back

  48. I have read so many articles on the topic of the blogger lovers but this
    article is actually a pleasant article, keep
    it up.

  49. Way cool! Some extremely valid points! I appreciate you penning this post and also the rest of the site is really

  50. Alli Canada cheap viagra and proscar Purchase Diflucan Online No Prescription Long Term Effects Of Prednisone Buy Rogaine In Greece

  51. dissertation service [url=http://dissertationhelpmqa.com/]search dissertations[/url] dissertation proposals phd dissertation defense college dissertation

  52. [url=http://modernholdings.com/__media__/js/netsoltrademark.php?d=canadianpharmacynda.com]904[/url], [url=https://classic.drf.com/search/apachesolr_search?apachesolr_search%5Bqueryvalues%5D=a%3A0%3A%7B%7D&form_id=search_form&keys=%22%2F%3E%3Ca+href%3D%22http%3A%2F%2Fcanadianpharmacynda.com]637[/url], [url=http://dress-toimpress.com/__media__/js/netsoltrademark.php?d=canadianpharmacynda.com]166[/url], [url=http://unityofeffort.com/__media__/js/netsoltrademark.php?d=canadianpharmacynda.com]593[/url], [url=http://jimhope.com/__media__/js/netsoltrademark.php?d=canadianpharmacynda.com/]72[/url], [url=http://xn--9t4b29da104fba.com/__media__/js/netsoltrademark.php?d=canadianpharmacynda.com]239[/url], [url=http://rentslate.com/__media__/js/netsoltrademark.php?d=canadianpharmacynda.com]76[/url], [url=http://www.bluehillfarm.net/__media__/js/netsoltrademark.php?d=canadianpharmacynda.com]599[/url], [url=http://www.ixmap.com/__media__/js/netsoltrademark.php?d=canadianpharmacynda.com]499[/url], [url=http://proexplo.org/__media__/js/netsoltrademark.php?d=canadianpharmacynda.com]949[/url]

  53. buy college papers [url=http://writemypaperbuyefp.com/]custom writing papers[/url] i don’t want to write my paper help writing a paper professional paper writers

  54. First of all I want to say wonderful blog!

    I had a quick question that I’d like to
    ask if you do not mind. I was interested to find out how you
    center yourself and clear your thoughts before writing.
    I’ve had trouble clearing my mind in getting my thoughts out there.

    I do take pleasure in writing however it just seems like the first
    10 to 15 minutes are generally lost simply just trying to
    figure out how to begin. Any recommendations or hints?
    Many thanks!

  55. Aw, this was an exceptionally nice post. Spending some time
    and actual effort to create a great article… but what can I say… I hesitate a
    lot and never seem to get anything done.

  56. Fastidious answers in return of this issue with real arguments and explaining the whole thing
    on the topic of that.

  57. Hi this is kind of of off topic but I was wanting to know if blogs use WYSIWYG editors or if you have to manually code
    with HTML. I’m starting a blog soon but have no
    coding know-how so I wanted to get guidance from someone with experience.
    Any help would be greatly appreciated!

  58. hi!,I like your writing so so much! proportion we keep in touch
    more approximately your article on AOL? I require an expert on this area to resolve my problem.
    Maybe that’s you! Having a look forward to look you.

  59. Hello there, I discovered your web site via Google at the same time as looking for a related matter, your site came up, it seems to be great.
    I have bookmarked it in my google bookmarks.

    Hi there, simply become aware of your blog through Google, and found that it is truly informative.
    I am going to watch out for brussels. I’ll appreciate for those who continue this in future.
    A lot of other people will probably be benefited
    from your writing. Cheers!

  60. Quality posts is the key to be a focus for the viewers to
    visit the website, that’s what this web page is providing.

  61. I was recommended this website by my cousin. I’m not
    sure whether this post is written by him as nobody else know such detailed
    about my problem. You’re incredible! Thanks!

  62. Thanks , I have just been looking for information approximately this topic for a long time and yours
    is the greatest I’ve found out so far. But, what in regards to the bottom line?
    Are you sure concerning the supply?

Leave a Reply

Your email address will not be published.

Social Media Auto Publish Powered By : XYZScripts.com