Press Release: U.S-Nigeria Commercial and Investment Dialogue

By February 14, 2020 Investment News

1. The first Ministerial level meetings of the U.S-Nigeria Commercial and Investment Dialogue (CID) took place on Tuesday, 4 February 2020 at the U.S. Chamber of Commerce building in Washington, DC. The meetings were co-chaired by Otunba Adeniyi Adebayo, Honourable Minister of Industry, Trade and Investment and Hon. Karen Kelley, U.S. Deputy Secretary of Commerce.

2. During the Business-to-Government meeting, presentations were made by the sector leads of the five focus areas on challenges, opportunities and recommendations to improve the business environment and drive increased trade and investment between the two countries. The Ministerial level Government-to-Government meeting held afterwards, considered the comprehensive submissions from the private sectors on barriers to and opportunities for U.S.-Nigeria commercial and investment relations. The private sector leads were Oando (infrastructure), Nigeria Flour Mills (agriculture), MainOne (digital economy), Zenith Bank (investment) and ACA (regulatory reform).

3. A reception for the CID featuring Ministers, senior U.S. and Nigerian government officials and private sector executives was held to address participants on the outcome of the G-2-G meeting. The meeting acknowledged the hard work and painstaking efforts of the private sector leads that had two Nigerian CEOs; Paul Gbededo and Adewale Tinubu personally in attendance. The Technical Implementation Committee co-chaired by Mr Skip Jones, former U.S. Deputy Assistant Secretary for Middle East and Africa and Ms Yewande Sadiku, the Executive Secretary/CEO, NIPC, and their diligent teams were also commended for their commitments to the achievement of the CID’s objectives.



Source: NIPC