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US Secretary of State says US Companies are Ready to Invest in Nigeria

US Secretary of State says US Companies are Ready to Invest in Nigeria 

Anthony Blinken, the US Secretary of State, has reaffirmed US investment in Nigeria’s economy.

He provided the assurance following a bilateral meeting with President Bola Tinubu at the Presidential Villa in Abuja. Blinken was responding to questions from State House journalists.

He disclosed this at a news briefing after meeting with President Bola Tinubu at the Presidential Villa on Tuesday in Abuja.

Leading government figures who hosted him included Minister of Foreign Affairs Dele Alake, Minister of Solid Minerals Development Mohammed Idris, Minister of Information and National Orientation Femi Gbajabiamila, and Minister of Foreign Affairs Femi Gbajabiamila.

According to Blinken, there are compelling and obvious opportunities for investors in the nation, and American entrepreneurs and companies are eager to partner with and invest in Nigeria, especially in the tech sector.

“We have tech giants that have teamed up with Nigerian partners to help Mr. President’s new One Million Digital Jobs Initiative.

“Other companies are part of laying undersea cables, using satellite technology to expand access to the internet. Our tech incubators are fostering Nigeria’s next startups.

“Our venture capital companies are working in finance, so we want to work in partnership to help drive Nigeria’s technological revolution, which is creating jobs.

“It’s growing businesses, and it’s growing innovations in both of our countries,” he said.

He said the US and Nigeria had had in-depth and fruitful talks about their bilateral relations. He noted that the big focus of the binational commission remains some impediments in the systems.

“This (Nigeria) is a place of extraordinary innovation and extraordinary dynamism. I’ve had the opportunity to visit many times over the years. I’ve seen that every time, and I expect to see more of that tomorrow at the latest.

He said that the U.S. was working to ensure that Africa gets more voice in United Nations decision-making as a way of incorporating the new realities and dynamics of the world.

“The United States is committed to strengthening genuine partnerships on the continent, to solving shared challenges, and also to delivering on the promise and the fundamental aspirations of our peoples.

“We’re driving blue economic development, environmental protection, and science and technology exchange through a new partnership for learning cooperation.

Bliken, however, said that as much as America would want collaboration for strengthening bilateral ties with Nigeria, the country must continue to tackle challenges to doing business.

He said that the U.S. recognised Tinubu’s strategic measures aimed at reviving the lost confidence of genuine investors in the nation’s economy.

Bliken said that despite the identified challenges in Nigeria, the government and American entrepreneurs still continue to explore the great potential of the country in reaching Africa.

He said that large investments are being made by private sector companies in collaboration with local entities to ensure that development is effected for the people, especially in the health sector.

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