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Nigeria: U.S. Commerce Secretary Talks Business Opportunities in Lagos

Photograph: U.S. Embassdy Nigeria

U.S. Secretary of Commerce Penny Pritzker Addresses Nigerian Entrepreneurs and U.S. Business Leaders in Lagos

The U.S. Secretary of Commerce, Penny Pritzker, arrived Lagos on Monday as the head of a truth-finding mission to Nigeria on Doing Trade in Africa.

Mrs. Pritzker, who’s the chair of President Obama’s Advisory Council on Doing Business in Africa, used to be accompanied by using senior U.S. Industry executives.

The council was formed to suggest President Barack Obama on methods to strengthen commercial engagement between the united states and Africa.

A commentary from america Embassy in Abuja mentioned the shuttle would provide an opportunity for the council participants to collect information concerning the commercial Opportunities and challenges in Nigeria.

On The finish of the consult with, the council, which might additionally consult with Rwanda, is anticipated to “record back to President Obama with strong and actionable suggestions, and boost policy ideas with a purpose to benefit both nations and raise our business relationship to the subsequent degree”.

Secretary Pritzker stated President Obama was once certain that the us personal sector used to be able to serving to African Business community Tackle one of the crucial continent’s most pressing challenges, namely building up to date infrastructure, developing jobs and chance for young folks, and increasing get right of entry to to education and the Web, in the event that they work in partnership.

“After We consider the economic potential of countries across Africa–and Nigeria is actually At The high of that list–the crucial that we all face is to promote economic growth and chance at house, and deepening our together really useful ties of trade and commerce is not only a pleasant to have, it’s a should-have for absolutely everyone,” Mrs. Pritzker mentioned on arrival in Lagos.

She stated her mission to Nigeria and Rwanda underscored the Obama Administration’s dedication to shifting the U.S. financial relationship with Africa from one in accordance with support to one in accordance with trade and investment.

With the trip, the Secretary of Commerce said the %DBIA members would advance an actionable set of advice for President Obama concerning how U.S. government programmes and policies could better give a boost to financial engagement between Africa and the united states.

Africa, she mentioned introduced excellent long-time period growth Alternatives, including that each the U.S. govt and the U.S. non-public sector have been dedicated to deepening their financial and industrial engagement on Africa.

Nigeria was selected for the go back and forth by way of the council members specifically for her doable to lend a hand develop about 50 million Nigerians within the heart classification, and to become one of the crucial prime-10 international economies by using 2050.

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