As part of efforts to facilitate bilateral trade and investments between Nigeria and the U.S, a delegation of investors from the United States of America have expressed optimism about the various opportunities that abound in the country.
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The investors, a part of the USAID-sponsored American Institutional Investor Reverse Roadshow, spoke at a meeting hosted by the Consul General of the United States of America in Nigeria, Will Stevens, at his residence.

USAID, in partnership with the U.S. government’s Prosper Africa, and Power Africa initiatives, hosted the roadshow to acquaint investors to investment opportunities and the investment ecosystem in Nigeria.

Made up of 12 executives from leading U.S. pension funds and financial service providers, managing over $1 trillion in assets, they said infrastructure is their major focus but will also consider other sectors of the economy.

Speaking, the U.S. CG reiterated that this initiative is one of the four pillars of Prosper Africa, which promotes bilateral trade and investment.

“A lot of people look at the U.S. government efforts and efforts of diplomatic missions and think, ‘well, you’re really all about helping American companies,’ which we really want to do. We are happy to help American companies sell their products here and we are also happy to help Nigerians, who want to invest in the United States, but with the concept of Prosper Africa, we are also focused on promoting Nigerian trade to the United States.”

“The fourth pillar is promoting U.S. investment into Nigeria, which includes our companies and institutional investors. There is one thing I hear from the companies and business leaders I speak with and it is, you want more investments and I’m confident that this delegation will lead to more investment. That investment will hopefully promote economic growth and employment and be broad-based. Beyond promoting investment, this trip is about building enduring trading investments.”

Nigeria is U.S. largest trading partner in sub-Saharan Africa and second in Africa. According to the National Bureau of Statistics, capital importation from the U.S. was the highest in the second quarter of 2023 at $271.92 million, marking 26.39 per cent of total capital importation followed by Singapore and the Republic of South Africa with $177.44 million (17.22 per cent) and $136.95 million (13.29 per cent) respectively.
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