Connect with us

Business

Why 4 top U.S. officials visited Nigeria in October – Consulate  

Published

on

The United States Consulate in Nigeria has explained the visits of 4 top U.S. officials to Nigeria in October alone, even as 2 others visited in August and September.  

According to a statement released by the Consulate on Sunday, the visits were to strengthen the U.S.-Nigeria trade and investment ties.

Specifically, the Consulate said the visit of Deputy Assistant Secretary of State (DAS) Joy Basu to Abuja and Lagos between October 18 and 20 was to affirm positive economic reforms made by the Tinubu Administration, advocate for U.S. businesses seeking to invest in Nigeria and highlight opportunities to deepen U.S.-Nigeria two-way trade.  

It added that the visit of Basu, who oversees Economic and Regional Affairs in the Department of State’s Bureau of African Affairs, builds upon months of sustained and operationally focused high-level engagement surrounding the meeting of President Biden and President Tinubu at the G20 Summit in September.

In Lagos, Basu brought together women from small and medium-sized enterprises (SMEs), banks, and venture capital firms to accelerate efforts to bridge the financing gap for women-led SMEs. 

Highlighting other visits by top officials this October, the Consulate said: 

Aside from the top U.S. government officials, the Consulate said 12 executives from leading U.S. pension fund and financial service providers managing over $1 trillion in assets had also travelled to Nigeria between October 9 and 13 as part of a USAID-sponsored investor roadshow in partnership with the U.S. government’s Prosper Africa and Power Africa initiatives.

The executives met with Nigerian companies and fund managers to explore investment opportunities in the country, particularly infrastructure, and to build relationships among U.S. and African investors and fund managers.  

Earlier in September, Deputy Secretary of Treasury Wally Adeyemo, the highest-ranking Nigerian-American official in the Biden-Harris Administration, visited Nigeria between the 17th and 19th of the month to expand business and investment ties with a focus on entrepreneurship, youth development, and women’s empowerment. Adeyemo met with business leaders and the tech startup community in Lagos with a promise to ensure that barriers to investments between the two countries are removed. 

The Consulate added that Global AIDS Coordinator Ambassador Dr. John Nkengasong, U.S. President’s Malaria Initiative Coordinator Dr. David Walton, and Global Fund Executive Director Peter Sands completed a joint visit to Nigeria September 11-13 in a historic show of solidarity as the leaders of the largest donors to Nigeria’s HIV, tuberculosis, and malaria response efforts.  

According to the Office of the United States Trade Representative, the U.S.-Nigeria trade relation is reflected in the following facts:  

Trending