The Nigerian Ambassador to the U.S., Prof. Ade Adefuye, stated this in a statement made available to the North America Correspondent of the News Agency of Nigeria (NAN).
He also said a team of Nigerian ministers, led by the Coordinating Minister of the Economy, Dr. Ngozi Okonjo-Iweala, would be in Washington on September 20 to further underscore the positive changes the government had made.
Adefuye said that investors would be provided with information on the steps that the government had been taking to attract foreign investments in the areas of agriculture, power and infrastructure.
According to him, the country has performed better than many countries since the global economic crisis of 2009.
He noted that the country still enjoyed a 6.1 per cent Gross Domestic Product growth rate in spite of a drop in the price of oil, its major export.
“Nigeria maintains single-digit inflation at around 8.6 per cent and is expanding both trade and investment in other sectors outside of the oil industry, particularly in agriculture and infrastructure.
“Both Nigeria’s banking sector and stock exchange have helped bolster confidence in Nigeria among global financial circles.
“Nigeria has come a long way since 2011 in encouraging, developing and implementing better policies in the sectors in which the Global Competitiveness Index (GCI) notes that we need to do more,’’ Adefuye said.
He added that the percentage improvements in trade volume, in direct investment and in agriculture and infrastructure development might be considered small in the global economy.