Nigeria To Be Among Top 10 Economies By 2050, As US Business Moguls Study

The United States, US, government, yesterday, listed Nigeria as one of the top 10 global economies by 2050, while sending 10 leading American business men and women to study Nigeria’s economic climate.

This was disclosed during a visit by a delegation led by the United States Secretary of Commerce, Ms Penny Pritzker at the Presidential Villa.

Ms Pritzker told President Buhari that she was in Nigeria with 10 leading American business men and women, at the prompting of President Obama.

“The purpose is to better understand the opportunities and challenges of doing business in Nigeria. Our team is very optimistic about your government’s commitment to security, good governance, fighting corruption, having reliable and regular regulatory policies.

According to her, Nigeria would be one of the top 10 global economies by the year 2050, considering the fact that Nigeria’s middle class of roughly 50 million people is expected to help grow the country’s economy.

“All these make us optimistic about working together. We are not here to sell policies, but to partner with you,” she said.

President Muhammadu Buhari told the delegation that his administration will continue to welcome the support and understanding of the United States as it strives to achieve greater internal security and socio-economic progress in Nigeria.

President Buhari applauded ongoing American collaboration with his administration on security and developmental issues. “We discussed security, corruption, infrastructure, and many other issues.

“We thank America for sending experts to train our troops and providing hardware for our military because we must first stabilize the country before we can move it forward,” the President said.

On his part, the Vice President, Prof. Yemi Osinbajo, who was at the meeting, said that although Nigeria currently faces serious challenges, it is also a time of great opportunities for the country.

“It’s time to diversify our economy from oil. We’ve always talked about it, but never got round to doing it. The opportunity has come now. We have all it takes to be an agricultural nation. We also have solid minerals and we must develop our infrastructure in order to aid business”, he said.