The United States has commended Nigeria for its ongoing efforts to strengthen its economy and achieve sustainable growth.
Mr. David Greene, Chargé d’Affaires of the U.S. Embassy in Abuja, expressed the U.S. government’s appreciation for Nigeria’s commitment to economic development.
Mr. Greene acknowledged the steps taken by the Nigerian government, particularly under the leadership of President Bola Tinubu, to stabilize the nation’s economy.
He highlighted the enthusiasm among American investors toward Nigeria, considering it a testament to the administration’s dedication to economic improvement.
“We support the fact that the Tinubu administration is trying to create the fundamentals that will allow foreign direct investment, attract investors, and drive economic growth.
“We are also doing our part as the U.S. government to observe and understand the challenges, see how we could help, and presumably, talk up Nigeria a little bit in the global market and international markets.
“When Tinubu was in New York at the UN General Assembly, where he rang the closing bell at the world’s second-largest stock exchange, the National Association of Securities Dealers Automatic Quotation System (NASDAQ).
“His visit attracted officials of the Commerce of Cooperation of the U.S. Trade and Investment.
“They demonstrated a high level of interest in Nigeria. Sponsored by Prosper Africa Programme, a major institution of investors in the U.S., set to manage billions of dollars of Pension Funds.
“They were there because everybody knows Nigeria is a place of great potential. So I think that potential is visible; I think people are excited. There is a high level of interest.”
While recognizing the potential and attractiveness of Nigeria to investors, the Chargé d’Affaires emphasized the importance of creating an environment conducive to business.
“One of the things to note is that the President Bola Tinubu administration must create an enabling environment to address the challenges that are facing Nigeria.
“This is crucial so that business operators and investors will feel more able to take advantage of the opportunities that Nigeria presents.
“When you are talking about creating opportunities and helping in supporting Nigeria, last fiscal year the U.S. provided 1.2 billion dollars to assist Nigeria across all areas.
“This includes humanitarian assistance, an enormous health programme, work to strengthen the availability of power and electricity to Nigerian citizens, transition to green energy, and up to climate issues, and improving the education system.
“The U.S. government is investing a lot in Nigeria because of the importance of these issues and to help Nigeria over the challenges,” he added.