Fidelity bank banner UBA banner
Saraki urges U.S. to take its rightful place in trade, investment in Nigeria

By Mayowa Okekale, Abuja on 16/07/2018

Share on facebook Yahoo mail icon Gmail icon Share on Google+

Views: 345

•Senate President Bukola Saraki
•Senate President Bukola Saraki

President of the Senate, Bukola Saraki, has called on the Government of the United States (U.S.) to take its rightful place in trade and investment relationship with the country.

Saraki made the call while addressing the United States Chamber of Commerce on ‘Doing Business and Opportunities in Nigeria’ as part of a parliamentary visit to Washington DC by a National Assembly delegation at the weekend.

The President of the Senate, according to a statement by his Chief Press Secretary, Sanni Onogu, stated that huge investment opportunities exist in Agriculture, Financial Technology (Fintech), Infrastructure, Health and oil and gas in the country that promise huge return on investment for any investor.

Saraki said: “The unique history of Nigeria and the United States, make it imperative that she should remain by far our biggest and closest trade and investment partner. The evolving new vision for the Nigeria economy is within this context of our relationship matrix with the United States as we share similar and converging values.

“However, in recent times, it would appear that China has been the more willing and enthusiastic partner for business and investment. China has already invested or financed a total number of $22 billion projects $45bn in Nigeria with another $40b ready for the next phase of infrastructure financing and investments.

“China is approaching Nigeria and the African continent as an investment destination and offering very soft loans to the continent. We are indeed happy. But we are also aware that this is the primary place reserved for our core allies like the United States. We want to see the United States and investors like you here, to develop a new lens for assessing Africa.

“We appreciate the aids and humanitarian gestures we receive, but it is no longer enough and in our mutual best interest to continue to ignore the vast opportunity for trade and investment on the continent particularly in Nigeria. We want to see the United States successful with Nigeria diplomatically and economically,” he stated.

He noted that while Nigeria is one of the Sub-Saharan countries eligible for preferential trade agreements under the African Growth Opportunity Act (AGOA) of the U.S. Congress, but going forward, the country intends to exit AGOA at some point into a full-fledged trade agreement based trade relations.

“Thus, I urge you to take away from our conversations today to better harness the potentials of our investments, your approach to doing business with us has to be strategic and purposeful. We are opening up avenues for private sector to come in and play their own part,” he stated.

Saraki further stated that the present leadership of the country is not unmindful of the security challenges confronting the nation as it has since commenced action to reform its security architecture in order to boost security for everyone in Nigeria.

He said: “Indeed, we see the challenges as underscoring the urgent need for radical action on our part as Nigerian leaders. We are determined to bridge the gap of economic disparity in Nigerian society, so as to lift 87 million people out of poverty while creating opportunities and prosperity across board.

“To do this successfully requires you, our partners, and investors, to join hands with us to build viable cooperation and partnership that will be of benefit to our two nations. Nigeria’ success holds the key to the success of Africa.

“Our vision is to ensure that we form the nucleus upon which Africa can attain collective and sustained development. In order to do this, Africa needs you and we look forward to working with you.”

Source News Express

Posted 16/07/2018 12:37:06 PM

 

Share on facebook Yahoo mail icon Gmail icon Share on Google+


 

CLASSIFIED ADS

 

You may also like...
Buhari’s Confession: ‘Jonathan shocked me in 2015’

Confirmation of Anambra as oil producing state now...

Why I am slow in making decisions —...

Court orders final forfeiture of N34B linked to...

The cloud could be the strongest business weapon...

Akwa Ibom Govt. awards N24.9B contract for Eket-Ibeno...

Kaduna denies banning Shi’ites, but says group ‘illegal’...

Gunmen kidnap Urhobo youth president

Falana demands immediate dropping of controversial NGO Bill...

Python Dance: Army provides free medical services in...

National Assembly moves to amend EFCC Act to...

Maina: Who is fooling whom?

 

Latest News Boko Haram kills another abducted Red Cross worker, threatens to enslave Leah Sharibu Microsoft co-founder succumbs to cancer Presidency reportedly orders EFCC to detain Fayose indefinitely Kano lawmakers probe alleged bribery by Governor Ganduje How I’ll deliver one million votes for Governor Emmanuel’s second term — Elijah Ifot, Akwa Ibom leader in Lagos 2019: NEFAD endorses Atiku, Umahi 2019 Presidency: Igbo Ekunie berates Southeast PDP for position on Atiku’s choice of Peter Obi as running mate Police summons PDP guber candidate over alleged murder 2019 elections: INEC insists Zamfara APC has no candidate Adeleke to be docked 31 October for exam fraud ASUU splits in two over attack on vice-chancellor of FUOYE Atiku can get our economy working again — Spokesman

 

Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (406,534 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (382,234 views) Shameless Genevieve Nnaji exposes breasts in public (314,579 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (256,585 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (237,275 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (224,225 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (203,968 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (185,464 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (170,011 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (165,828 views) Lagos plane crash: Journalist releases victims’ names (161,395 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (149,215 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (67) Business & Economy (3,680) Business Verdict (52) Columnists (945) Complaints & Requests (94) Enterprise & Opportunities (207) Entertainment (559) Features (659) Global Business Monitor (304) International (2,530) Interview (165) Live Commentary (28) Love Matters (145) News (39,629) Opinion (1,123) Pidgin (13) Politics (7,230) Religion (880) Sports (1,730) Stock Watch (35) AMA & Al Jazeera Global Update

 

Zenith Zero Balance

NLNG Expression of Interest banner

CBN banner

Firstmobile banner

 

 

NEWS EXPRESS TV

Fulham vs Arsenal 1-5 All Goals & Extended Highlights

 

APO Group Partner

 

 

CLASSIFIED ADS

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera

Advertisement