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US pledges helping hand in Nigeria’s foreign investment quest

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US pledges helping hand in beneficial bilateral relations

By Jeph Ajobaju, Chief Copy Editor

America has pledged to help facilitate access of Nigerian firms to foreign investors as well as trade between the two countries, banking on decades of beneficial bilateral relations.

United States Consul General Will Stevens gave assurance of strengthening the  strategic bilateral interests when he visited the Nigerian Stock Exchange (NGX).

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“It is an honour and I am very excited to be here today. Our goal is to work with the exchange to create transparency and accessibility for Nigerian companies to international investors,” he said.

“I am looking forward to doing everything I can to increase trade between our nations, US investments in Nigeria, and Nigerian investments in the US.”

NGX Chief Executive Officer Temi Popoola said the longstanding relationship between the US Mission and the Exchange underscores the vital role the consulate plays in driving cooperation.

“The US Consulate plays a commendable role in driving sustainable investments in Nigeria’s technology, agriculture and energy sectors through strategic partnerships with American corporates and investors.”

This, in his view, aides Nigeria’s economic growth and entrenches the importance of sustaining cooperation.

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Economic recovery, inclusive development

“NGX, through our role as a frontrunner for sustainable finance and business practices for the Nigerian capital market, will continue to champion initiatives that stir the ecosystem to achieve economic recovery and inclusive development,” Popoola stressed, per The Guardian.

NGX is keen on exploring avenues through which it could be the point of contact between Nigerian investors looking to access the US market, he added, as well as US institutional and retail investors approaching the domestic investment market.

“NGX is well positioned to leverage its partnerships for private sector advocacy, building capacity of market players, technological progress and digital transformation of markets.”

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