
Nigeria’s Foreign Capital Inflow Drops To $9.68Bn, Hit Four-Year Low
The National Bureau of Statistics said on Friday that foreign capital flow into Nigeria dropped by more than half in 2020 to $9.68bn, its lowest level in four years. In […]
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Oluwaseye Ogunsanya February 6, 2021 26
President Muhammadu Buhari, on Saturday, welcomed the pronouncement of the Office of the United States Trade Representative, which signifies the withdrawal of USA’s objection to the emergence of Dr. Ngozi Okonjo-Iweala as Director-General of the World Trade Organisation.
He said Nigeria and Africa were happy about this new stance of the United States, which he said, signified a shift and an important turnaround in the relations between the continent and the US under Joe Biden’s administration.
The President made this known in a statement by his Senior Special Assistant on Media and Publicity, Garba Shehu, titled, ‘President Buhari welcomes US acceptance of Okonjo-Iweala’s imminent WTO leadership’.
Shehu quoted Buhari as saying, “We certainly welcome the decision of the new US administration to remove the last obstacle in the path of Dr. Okonjo-Iweala to becoming the first female and the first person of African descent to lead the organisation.
“Nigeria and the entire African continent are happy about this new US position, which signifies a shift and an important turnaround in the relations between our continent and the United States under the Biden administration.
“Today, we see that the United States stands with Nigeria and Africa with the acceptance of our widely respected citizen, Okonjo-Iweala to lead the WTO. We look forward to working very closely with the new U.S administration on this and all issues of common interests, especially in such areas as accelerated economic growth, fight against terrorism and deepening progress on development issues.’’
Tagged as: WTO, Muhammadu Buhari, Ngozi Okonjo-Iweala.
Oluwaseye Ogunsanya February 6, 2021
The National Bureau of Statistics said on Friday that foreign capital flow into Nigeria dropped by more than half in 2020 to $9.68bn, its lowest level in four years. In […]
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