United States of America Consul-General in Nigeria, William Stevens, has said his country envisions a future where economic growth is inclusive, sustainable and far-reaching in Africa, due to the continent’s dynamics, untapped potential, vast natural resources, innovative and entrepreneurial spirit.

Stating that stability is the bedrock upon which societies thrive, he noted America’s dedication to the promotion of peace, democracy and security in Africa, as sustainable development can only occur in an environment free from conflict and instability.

Speaking at the Africa Social Impact Summit, themed, ‘Global Vision, Local Action: Repositioning the African Development Ecosystem for Sustainable Outcomes’, yesterday, in Lagos, Stevens said initiatives like African Growth and Opportunity Act (AGOA) allowed America provide duty-free access to U.S. markets for eligible African nations including Nigeria, adding that AGOA has paved the way for enhanced market access and economic diversification.

“Since its enactment in 2000, AGOA has facilitated a staggering $1 trillion in total trade. This is not just a number; it is a testament to the fact that AGOA has contributed to the growth of industries across the African continent,” he said.

According to him, in all sectors, America-trained Nigerians are leading the economic growth that is powering the transformation of the U.S. economy.

Formation of an Energy Security Dialogue with Nigeria to advance collaboration on our shared energy and climate goals, he said, was announced following a recent visit to the country by U.S. top energy diplomacy official.

“This dialogue will bring together the combined resources of the American government to engage with our Nigerian counterparts on issues including energy access, energy security, decarbonisation, clean energy supply chains and methane emissions reduction.  Home to Africa’s largest democracy, population and economy, Nigeria will play a key role in the global energy transition.

“The U.S. commitments to Africa extend to healthcare and human capital as well. Through initiatives, such as the President’s Emergency Plan for AIDS Relief (PEPFAR), the U.S. government has invested over $100 billion in the global HIV/AIDS response, the largest commitment by any nation to address a single disease in history, saving 25 million lives! In addition, America has collaborated with African governments and organisations across the continent to bolster healthcare infrastructure, advance maternal and child health, as well as combat malaria and other infectious diseases. These endeavours have not only saved lives but also nurtured a foundation of human capital that propels economic growth,” Stevens added.