Skip to main content

Obama declares Nigeria world’s next economic giant


WASHINGTON— President of the United States of America, Senator Barrack Obama, has declared Nigeria as the world’s next economic success story.
He said the discovery was one of the major reasons why his government was committed to helping the country build strong democratic institutions and as well remove constraints to trade and investment through the African Growth and Opportunity, AGOA.
Making this declaration at the ongoing US-Nigeria Trade and Investment Forum, organised by the Nigerians in Diaspora Organisation, NIDOA, in Washington DC, President Obama, who was represented by Ambassador Eunice Reddick, a top official of the US Department, said his country expanded opportunities for Nigeria to effectively access its neighbour’s market, and diversify its economy beyond a narrow reliance on natural resources as a result of the discovery that Nigeria will emerge as the world’s next economic giant.
President Obama said: “As we support these efforts, the Diaspora can play an important role in contributing to a strong, vibrant, and economically-prosperous Nigeria.”
He explained that his country invests in Nigeria’s success because it recognises Nigeria as a strategic centre of gravity, stressing that the country’s success will as well be Africa’s success if the US can help Nigeria chart a secured, prosperous, and democratic course.
The US leader also assured that his government will encourage Nigeria in the area of private investment in the power sector as well as other sectors to help seal the promise of growth and opportunity for all Nigerians.
According to him, the US government will also work to strengthen Nigeria’s agricultural sector, which employs nearly 70 per cent of the country’s population, by encouraging improvements to infrastructure that would facilitate agricultural growth.
On the US-Nigeria Bi-National agreement, Obama said that the joint Commission had grown into a forum for frank, high-level concersations, in which both nations have seen substantial reforms and mutually reinforcing initiatives implemented in Nigeria.
His words: “Some key outcomes of the Binational Commission so far have been successful integration of civil society into the electoral process prior to the 2011 elections, sustained and elevated dialogue with energy sector officials on energy policy, reforms to increase investment, and agreement to support the development of a civil affairs training center in the coming year.”

Comments

Popular posts from this blog

MISS EDEMAYA BEAUTY PAGEANT 2013

EdemAya, a community so rich in mineral resources, and one of the five clans that make up the present day Ikot Abasi Local Government Area of Akwa Ibom State, Nigeria is hosting the world on the 29 th of March 2013. As we gathered from the head of the organizing group, Miss Precious Dominic Akpan, the event is scheduled to take place at the Cooperative Hall, Ikot Ubo Akama, Edemaya in Ikot Abasi, Akwa Ibom State. Three beauties are to emerge from the event which promises to be the first ever organized pageant. The Eligibility Form which are currently on sale for a token of N 2,000 will qualify the contestants to struggle for Miss EdemAya, Miss Democracy of EdemAya and Miss Culture & Tourism of EdemAya. The screening and training of the contestants commences on 25 th through 28 th of March 2013. We have been reliably informed that the event will parade ‘who is who’ in the music industry in Akwa Ibom State and a popular reggae artist from Delta State. Imagine the sque...

Snoop Lion Excommunicated From The Rastafari Community

Snoop Lion excommunicated from the Rastafari Community, according to Bunny Wailer! Bunny has always had his doubts about  Snoop Lion ‘s intent and now his skepticism has taken an even stronger stance, that of excommunication. The news was broken via his  Facebook  profile and via  press release . Recently Snoop Lion has struggled to convince the Rastafari and Reggae community that he is sincere about his profession of, and transition to the faith, principles and beliefs of Rastafari. Most doubtful is Bunny Wailer the only living member of the original Wailer. ‘ Excommunication is a religious censure used to deprive, suspend, or limit membership in a religious community or to restrict certain rights within it. Some groups use the term disfellowship instead, ‘ stated Bunny’s official release. With that said, this would surely deprive Snoop Lion from direct contact to some elders within the Rastafarian community also, access to vital information and place of wo...

VIDEO: Two Girls Stripped In Public For Stealing Brazilian Hair

These two young girls were stripped naked in public by a shop owner after they were caught stealing  Brazilian hair . According to information gathered, these girls entered  the shop  as if they were interested in purchasing something. One of the girl’s intentionally decided to engage the owner in a conversation by asking lot of questions on the types of  Brazilian  hairs at the store and then the other girl was busy stealing Brazilian hairs. Watch the video  below: