The Federal Government of Nigeria has restated its commitment to strengthening trade and investment relations with the United States as part of efforts to boost economic growth and development.
This was highlighted during a meeting in Abuja between the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, and the United States Consul General to Nigeria, Mr Rick Wart. The Minister, who was represented by the Ministry’s Permanent Secretary, Mrs Lydia Shehu Jafiya, noted the historic and strategic bilateral relationship between both countries.
Mr Edun stressed that Nigeria values its partnership with the United States and will explore new areas to expand investment opportunities, drive innovation, and support sustainable development in line with the Renewed Hope Agenda of President Bola Ahmed Tinubu. He added that the Federal Government is focused on creating an enabling environment for foreign direct investors to unlock new opportunities in the country.
According to him, improved cooperation between Nigeria and the United States supports the administration’s economic reform agenda, which prioritizes private sector participation, fiscal sustainability, and inclusive growth.
Speaking earlier, the US Consul General, Mr Richard Swart, commended the Federal Government for its ongoing reforms and assured that the United States remains committed to supporting Nigeria’s economic development.
“The United States and Nigeria have built a resilient and enduring partnership. We will continue to explore new opportunities for collaboration in trade, investment, and capacity building. Our goal is to support Nigeria in achieving broad-based economic growth and improving the lives of its citizens,” Mr Swart said.
The Consul General also emphasized the importance of fostering transparent and investor-friendly policies and creating conditions that allow US businesses to succeed in Nigeria. He noted that a stable investment climate would encourage more trade and economic partnerships between the two countries.
Both parties expressed optimism about future engagements and pledged to work towards deepening bilateral economic ties. They also discussed plans to enhance trade flows, increase foreign direct investment, and promote sustainable development.
With the renewed focus on economic cooperation, the prospects for Nigeria’s economic growth through strengthened US-Nigeria relations remain strong, reflecting a shared vision for mutual prosperity and long-term partnership.