American companies and investors have shown a strong inclination towards increasing their investments in Nigeria, commending President Bola Tinubu's government for implementing structural reforms.

David Greene, Chargé d'Affaires for the U.S. Embassy in Nigeria, highlights the growing interest from U.S. businesses, attributing it to policies like the removal of the fuel subsidy and the floating of the naira.

The U.S.-Nigeria bilateral economic partnership gains momentum as the Tinubu administration's reforms create a solid foundation for enhanced trade and capital investment.

According to David Greene, the Chargé d'Affaires for the U.S. Embassy in Nigeria, American companies and investors are pleased with the policies of President Bola Tinubu's government and will soon be increasing their investments there.


Speaking at a virtual press conference for the Global Diversity Export Initiative Trade Mission to South Africa, Ghana, and Nigeria, Greene predicted that the U.S. would soon increase its investments in Nigeria as a result of the structural reforms that the country's current administration has implemented.

He claims that both American companies and investors as well as other foreign investors have rekindled their interest in Nigeria. Greene stated that the U.S.-Nigeria bilateral partnership on the economic front is becoming more forceful on the basis of the new policies, including the removal of the fuel subsidy and the floating of the naira.

To ease the pain of many Nigerians who have been experiencing the effects of the subsidy reduction, President Tinubu is reportedly contemplating reintroducing a "temporary fuel subsidy."


“This is a very exciting time in the US–Nigeria bilateral relationship, especially on the economic front, with the Tinubu 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,” David Greene noted.

“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,” he added.

The U.S. Trade Mission in Africa is concentrating on Nigeria, South Africa, and Ghana because of the vast economic prospects in those nations, according to Marisa Lago, the U.S. Under Secretary of Commerce for International Trade, who spoke earlier.

Lago said that a few of the top chamber business organizations that represent the black community, the Native American Indian community, and the women-led business also had an impact on the Trade Mission in Africa. She said that the United States is already anticipating the next trade trips and that it would keep trying to travel to other African nations.

“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,” she said.


https://africa.businessinsider.com/local/lifestyle/tinubus-economic-reforms-garner-us-investor-interest-in-the-nigerian-market/54gh1vn

This is good...
We expect many to follow.

Nigeria will be great in my time

Una nor dey tire for these kinds of propaganda that does not improve the lives of Nigerians?

Too many propaganda. Unfortunately, many Nigerians are on ground to refute every praise song for the buffoon occupying the number one seat in Nigeria now.

Osariemen12:
Too many propaganda. Unfortunately, many Nigerians are on ground to refute every praise song for the buffoon occupying the number one seat in Nigeria now.

What do you mean by the bolded?

Or you're trying to tell us David Greene, Chargé d'Affaires for the U.S. Embassy in Nigeria, is spreading propaganda on behalf of Tulumbu?

DMerciful:
Una nor dey tire for these kinds of propaganda that does not improve the lives of Nigerians?

Yes o

David Greene, the Chargé d'Affaires for the U.S. Embassy in Nigeria, is spreading Misinformation on behalf of Tulumbu

Corrosion my time reading Tinubus's news

The next thing US Merchants will do is to start signing an unending and unfulfilled memorandum of understanding to deceive us into thinking they are a part of the solution when in reality, they are part of the problem.

Nigeria should bear in mind that the solution to our problem will come from Nigerians not foreigners or their governments.

If they want to help, let them start by writing off our debts to allow economic recovery and revitalization for the new government.

MadamExcellency:
The next thing US Merchants will do is to start signing unending and unfulfilled memorandum of understanding to deceive us into thinking the a part of the solution when in reality, they are part of the problem.

You're mistaking Tinubu for Obaseki who has being signing lots and lots of memorandum with very little projects to point at.

Parachoko:
You're mistaking Tinubu for Obaseki who has been signing lots and lots of memorandums with very few projects to point at.

This is not about any politician or political party in Nigeria. This has been their way since the 1970s. They will promise heaven and earth but in the end, make sure that the gain of Africa will rely on the West for everything.

Do you think our successive governments don't want refineries, power plants, railways etc? Do you think that they didn't do all within their power to turn things around but we're disappointed by these same people?

Nigeria should be prepared to go it all alone by mutual sacrifice to get things working.

Most of our past leaders were sabotaged and deceived. Many of them meant well but it wasn't to because they put their trust in the Western Countries.

FDI should be discouraged by any country that wants to grow
FDI is dangerous for developing economy it's bad
Should never be encouraged
1 indigenous company is better than 100 FDI companies

Don't quote me if u have no knowledge of macro economics thank you

Another storyoo story oo.
Plenty propaganda and yet poverty killing nigerians.
These Yoruba government is more worst than fulanis