Nigeria’s vice president, on Thursday, said that a weaker U.S. dollar does not necessarily hurt Nigeria.
He stated this after U.S. Treasury Secretary, Steven Mnuchin, welcomed a weaker dollar, saying it benefited U.S. trade balances in the short term.
Speaking at the World Economic Forum in Davos, Osinbajo said:
“A weaker dollar doesn’t necessarily hurt Nigeria.
“We are concerned most about ensuring that we are able to make our own exports cheaper and we working on all of that. Our major concern is how to make ourselves more competitive,” he added.
Attacks on energy facilities in the southern oil-producing Niger Delta region pushed Africa’s biggest economy into recession in 2016, which was its first in 25 years.
Niger Delta Avengers, the group which claimed responsibility for most of the attacks, last week said it would resume attacks within days.
“We are in constant consultation with all groups in the Niger Delta,” said Osinbajo, when asked about the government’s response to the latest threat.
The country’s recovery since emerging from recession in the second quarter of 2017 has largely been driven by crude oil sales.
This is the only tournament of the year featuring a staggered scoring system, with players given a certain number of strokes based on their standing in the season-long race. So top-ranked Scottie Scheffler begins the week -10 at East Lake, while No. 2 Patrick Cantlay begins at -8, No. 3 Will Zalatoris at -7, etc. Despite a slight blip between the U.S. Open and The Open Championship, Sungjae Im has been remarkably consistent. He rattled off back-to-back T2 finishes at the 3M Open and Wyndham Championship in late July early August and finished just outside the Top 10 in each of the first two legs of the FedExCup playoffs. Yes, the 24-year-old is behind the eight ball a bit by starting out at -4, but consider that Jon Rahm is listed at +1,600 to win despite starting the tournament at -3. At this stage of his career, the Australian puts a high priority on the most meaningful events. The past four starts that would fit into that category are the U.S. Open, The Open Championship, Northern Trust and BMW Championship. In those four outings, Scott finished 14th, 15th, fifth and fifth, respectively. When stakes are highest, the veteran has brought his top game.
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