The federal authorities has reaffirmed its dedication to strengthening commerce and funding relations with the US to spice up financial progress and growth.
The dedication was made throughout a gathering between the Minister of Finance and Coordinating Minister of the Economic system, Wale Edun, and the US Consul Basic to Nigeria, Rick Wart, in Abuja on Tuesday, based on an announcement that was issued by the director of Info af the Finance Ministry, Mohammed Manga.
Represented by the ministry’s everlasting secretary Lydia Shehu Jafiya, the assembly highlighted the historic and strategic bilateral relationship between Nigeria and the US.
The minister emphasised that Nigeria values its partnership with the US and can discover new frontiers to reinforce funding alternatives, promote innovation, and contribute to sustainable growth according to the Renewed Hope Agenda of the President Bola Ahmed Tinubu-led Administration.
Edun reiterated the federal authorities’s dedication to creating an enabling surroundings for international direct funding to unlock funding alternatives within the nation.
He added that improved cooperation between Nigeria and the US aligned with President Bola Tinubu’s financial reform agenda, which prioritises non-public sector participation, fiscal sustainability, and inclusive progress.
US Consul Basic, Richard Swart counseled the federal authorities for its ongoing reform initiatives and reaffirmed the US’ dedication to supporting Nigeria’s financial growth.
He said that the US and Nigeria have constructed a resilient and enduring partnership. “We are going to proceed to discover new alternatives for collaboration in commerce, funding, and capability constructing. Our objective is to assist Nigeria in reaching broad-based financial progress and bettering the lives of its residents,” Swart mentioned.
He mentioned the Consul Basic acknowledged the significance of fostering clear and investor-friendly insurance policies, in addition to creating an enabling surroundings for the U.S. companies to thrive in Nigeria.
Each events expressed optimism about future engagements and pledged to work in direction of deepening bilateral financial relations, enhancing commerce flows, and attracting elevated international direct funding in Nigeria.
As each nations look to deepen their financial partnership, the prospects for elevated international direct funding, improved commerce flows, and sustainable growth in Nigeria seem promising.
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