Economic Transformation: Nigeria, US Pledge to Deepen Trade, Investment Ties
The Federal Government of Nigeria has reaffirmed its commitment to strengthening trade and investment relations with the United States as part of its efforts to boost economic growth and development.
This commitment was underscored during a meeting between the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, and the United States Consul General to Nigeria, Mr Rick Wart, in Abuja.
Represented by the Ministry’s Permanent Secretary, Mrs. Lydia Shehu Jafiya, the meeting
highlighted the historic and strategic bilateral relationship between Nigeria and the United States, according to a statement by Mohammed Manga, Director, Information and Public Relations.
HM Edun emphasised that Nigeria values its partnership with the United States and will explore new frontiers to enhance investment opportunities, promote innovation, and contribute to sustainable development in line with the Renewed Hope Agenda of the President Bola Ahmed Tinubu-led Administration.
He reiterated the Federal Government’s commitment to creating an enabling environment for Foreign Direct Investors (FDIs) to unlock investment opportunities in the country highlighting that improved cooperation between both countries aligns with President Bola Ahmed Tinubu’s economic reform agenda, which prioritizes private sector participation, fiscal sustainability, and inclusive growth.
Speaking earlier, the US Consul General, Mr. Richard Swart commended the Federal Government for its ongoing reform initiatives and reiterated the United States’ commitment to supporting the country’s economic development.
He stated that the United States and Nigeria have built a resilient and enduring partnership. *We will continue to explore new opportunities for collaboration in trade, investment, and capacity building. Our goal is to support Nigeria in achieving broad-based economic growth and improving the lives of its citizens.* Mr. Swart said.
The Consul General acknowledged the importance of fostering transparent and investor-friendly policies, as well as creating an enabling environment for U.S. businesses to thrive in Nigeria.
Both parties expressed optimism about future engagements and pledged to work towards deepening bilateral economic relations, enhancing trade flows, and attracting increased foreign direct investment in Nigeria.
As the nations look to deepen their economic partnership, the prospects for increased foreign direct investment, improved trade flows, and sustainable development in Nigeria appear promising.
