Mr James Entwistle, the outgoing United States ambassador to Nigeria, has denied claims that his country will stop crude oil purchase from Nigeria.
Enrwistle revealed this on Saturday night while fielding questions from newsmen during the 240th Anniversary of the US Independence organised at the embassy in Abuja.
He said: “I take great offence to your question. There is no conspiracy by the US not to buy oil from Nigeria. Price of oil is determined by international market and any business people gonna go to get the best product for the best price.
“That something happens to us with our oil! But I wish you listen to my last statement where I talked about the importance of the private sector, the commitment of the US companies to help build this country (Nigeria).”
On how the present government could revamp the nation’s dwindling economy, Entwistle urged the Muhammadu Buhari-led government to create an environment that would attract more foreign investment into the country.
He said: “I am not much of an economist but I think the government is starting in the right direction and things like fuel subsidy, exchange rate, things like that, I will encourage them to continue to create an environment that is welcoming to foreign investment. Some of the biggest
“US companies in the world are here, they’ve been here for decades, they are happy. So it’s better to maintain an environment that will attract more foreign investment.”
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