US Investors Applauds Tinubu’s Policies, Promises to Invest More in Nigeria - The Top Society

US Investors Applauds Tinubu’s Policies, Promises to Invest More in Nigeria


By: Blessing Jonathan

Investors and Businesses from the United State of America, has expressed their satisfaction with Nigeria’s President Bola Ahmed Tinubu’s policies so far and they are ready to invest more in the country.

In a virtual press conference on the “U.S. Department of Commerce-led Global Diversity Export Initiative Trade Mission to South Africa, Ghana, and Nigeria”, Chargé d’Affaires for the U.S. Embassy in Nigeria, David Greene,  said Nigeria would soon witness an increase in investments from the US, based on the structural changes that have been undertaken by the current administration in the country.

Green said US and other international businesses and investors has developed a renewed interest in Nigeria since the Tinubu led administration came on board.

Picking on the fuel subsidy removal and Naira crunch, Green said the policy has made US-Nigeria bilateral relationship on the economic front more assertive.

“This is a very exciting time in the US–Nigeria bilateral relationship, especially on the economic front, with the Tinubu’s administration undertaking some of the structural changes that we think will create the foundation for a new influx of U.S. capital investment and increase trade with Nigeria. We’re already seeing a renewed interest from US businesses and investors, as well as other international investors.”

“Nigeria is home to Africa’s largest democracy, population, and economy and we really believe that Nigeria’s economic growth will bring stability and prosperity not only for the Nigerian people but also across West Africa. Nigeria is such an economic heavyweight through cross-border expansion and economic integration, including under the African continental free trade area. So, the United States remains committed to an enduring partnership with Nigeria: One centered on our aspirations for shared prosperity and mutual economic growth,” Green’s statement reads.

Meanwhile, the President is reportedly considering restoring the fuel subsidy “temporarily” as the outcome of the removal is telling hard on the citizens.

Speaking also at the virtual conference, Marisa  Lago, US Secretary of Commerce for International Trade, said the U.S. Trade Mission in Africa is focusing on Nigeria, South Africa, and Ghana because of the huge economic opportunities in these African nations and the US is looking forward to future trade missions while hunting to harness other potential African countries.

“When we selected the particular countries for this trade mission, we were looking to ensure that we included some of the largest economies on the African continent. We wanted to make sure that we selected countries whose economies had a strong presence in sectors that had strong prospects for US companies where there was the ability to match up the US companies on this trade mission with companies in those countries.

“Our mission is to support the competitiveness of U.S. businesses and their workers. And this includes micro small and medium-sized enterprises and also tapping into the very strong African diaspora, which we have in the United States and which is a source of our strength and also a point of pride,” Marino’s statement reads.

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