Close Menu
Chronicle.ng
    Trending Stories
    Jamie Gittens joined Borussia Dortmund from Manchester City

    Chelsea agree to sign Jamie Gittens for £55m

    July 3, 2025
    Super Eagles legend Peter Rufai is dead

    Super Eagles legend Peter Rufai is dead

    July 3, 2025
    President Tinubu congratulates Rotimi Amaechi on 60th birthday

    2027: Only a mass movement can stop Tinubu – Amaechi 

    July 3, 2025
    Facebook X (Twitter) Instagram
    Trending
    • Chelsea agree to sign Jamie Gittens for £55m
    • Super Eagles legend Peter Rufai is dead
    • 2027: Only a mass movement can stop Tinubu – Amaechi 
    • Liverpool express sadness over Diogo Jota, brother’s deaths
    • Lakurawa terrorists kill 15 in Sokoto village
    • AMCON sells Ibadan Electricity DisCo for N100bn
    • Liverpool fans gather outside Anfield paying their respects to Diogo Jota
    • Chelsea, PSG, Real Madrid, Bayern Munich hold silent tribute for Jota
    Facebook X (Twitter) Instagram
    Chronicle.ngChronicle.ng
    Subscribe
    Friday, July 4
    • News
      • Nigeria News
      • World News
      • Headlines News
    • Politics
    • Business
    • Sport
    • Entertainment
    • Contact Us
    Chronicle.ng

    US Deputy Treasury Secretary Adeyemo urges Nigeria to fight corruption

    David GreatBy David GreatSeptember 19, 2023No Comments2 Mins Read
    Facebook Twitter Telegram WhatsApp
    US Deputy Treasury Secretary Wally Adeyemo
    US Deputy Treasury Secretary Wally Adeyemo emigrated to the US from Nigeria as a child
    Facebook Twitter WhatsApp

    US Deputy Treasury Secretary Wally Adeyemo urged Nigeria on Monday to act to stabilise its currency and combat corruption to unlock the “unrealized opportunity” of Africa’s most populous country.

    Adeyemo, who emigrated from Nigeria to the United States as a child, is visiting Nigeria through Tuesday to underscore the Biden administration’s commitment to deepening economic and trade ties with African countries.

    His trip comes as Nigeria’s new president, Bola Tinubu, adopts reforms to revive the country’s economy and is part of a broader push by US President Joe Biden to strengthen ties and offer African countries an alternative to Chinese and Russian investment and trade.

    “Your economic success is not only important to the approximately 200 million people who call Nigeria home, but it is also important to the region, the continent and the global economy,” Adeyemo said in a speech at Lagos Business School.

    The visit by Adeyemo, the highest-ranking member of the African diaspora in the Biden administration, comes after visits to the continent by other top officials, including Treasury Secretary Janet Yellen and Vice President Kamala Harris.

    US media reports say Janet Yellen will be Mr Biden's choice for Treasury secretary
    Janet Yellen, US Treasury Secretary

    Adeyemo said Nigeria could attract more foreign direct investment if it accelerated efforts to stabilize the nation’s currency, the naira, and revamped its fiscal policies to end fuel subsidies and invest more in digital infrastructure, education and a strong small business environment.

    Rooting out corruption, including by moving more licensing and other government functions online, would also fight skepticism and boost digital entrepreneurship, he said.

    Adeyemo also called for steps to shore up the integrity of Nigeria’s banks and reduce the ability of “criminals, terrorists and others” to launder money through the Nigerian financial system. Washington stands ready to help Tinubu’s government tackle challenges in this area, he added.

    “The opportunity has never been greater,” he said. “Your government is pursuing difficult and bold reforms. The United States looks forward to being a partner as you build an economy that works for all Nigerians.”

    Share. Facebook Twitter Telegram WhatsApp

    Keep Reading

    President Tinubu congratulates Rotimi Amaechi on 60th birthday

    2027: Only a mass movement can stop Tinubu – Amaechi 

    Lakurawa terrorists kill 15 in Sokoto village

    Lakurawa terrorists kill 15 in Sokoto village

    AMCON sells Ibadan Electricity DisCo for N100bn

    AMCON sells Ibadan Electricity DisCo for N100bn

    Chicago nightclub shooting leaves four killed, 14 injured

    Chicago nightclub shooting leaves four killed, 14 injured

    First Lady Oluremi Tinubu gave N1 billion to victims of violent attacks in Plateau State on Thursday, stating that her devotion to the country is motivated by love rather than politics.

    Remi Tinubu donates N1bn to Plateau attack victims

    Sunday Igboho backs Kemi Badenoch, tells Shettima to focus on Nigeria’s 

    Court throws out Gani Adams’ N5bn defamation suit against Sunday Igboho

    Add A Comment
    Leave A Reply Cancel Reply

    Subscribe to News

    Be the first to get the latest news updates from ChronicleNG about world, sports, politics etc

    Jamie Gittens joined Borussia Dortmund from Manchester City

    Chelsea agree to sign Jamie Gittens for £55m

    July 3, 2025
    Super Eagles legend Peter Rufai is dead

    Super Eagles legend Peter Rufai is dead

    July 3, 2025
    President Tinubu congratulates Rotimi Amaechi on 60th birthday

    2027: Only a mass movement can stop Tinubu – Amaechi 

    July 3, 2025
    Diogo Jota has joined Liverpool from Wolves

    Liverpool express sadness over Diogo Jota, brother’s deaths

    July 3, 2025
    Lakurawa terrorists kill 15 in Sokoto village

    Lakurawa terrorists kill 15 in Sokoto village

    July 3, 2025
    Facebook X (Twitter) Instagram
    • Politics
    • News
    • Sports
    • Business
    • About Us
    © 2025 ChronicleNG

    Type above and press Enter to search. Press Esc to cancel.