Nigeria, US pledge enhanced collaboration on trade to strengthen economic growth

Abdullateef Fowewe

The Federal Government of Nigeria has reaffirmed its commitment to deepening trade and investment relations with the United States.

This pledge was made during a high-level meeting between Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Wale Edun, and the United States Consul General to Nigeria, Rick Wart, held in Abuja.

Represented by the Ministry’s Permanent Secretary, Lydia Shehu Jafiya, the meeting underscored the “historic and strategic bilateral relationship between Nigeria and the United States.”

Edun emphasised Nigeria’s dedication to expanding investment prospects by stating that the government is committed to “creating an enabling environment for Foreign Direct Investors (FDIs) to unlock investment opportunities” in alignment with President Bola Tinubu’s economic reform agenda, which focuses on “private sector participation, fiscal sustainability, and inclusive growth.”

Wart praised Nigeria’s reform efforts and reiterated America’s support for Nigeria’s development, underscoring that “the United States and Nigeria have built a resilient and enduring partnership” and that they “will continue to explore new opportunities for collaboration in trade, investment, and capacity building.”

Both sides expressed optimism about future cooperation, pledging to “work towards deepening bilateral economic relations, enhancing trade flows, and attracting increased foreign direct investment.”