Thursday 29th June, 2017
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Nigeria, US move to improve trade ties

Nigeria, US move to improve trade ties

Aftermath of the phone call between President Muhammadu Buhari and the United States Presi­dent, Donald Trump, the US Chamber of Commerce-Afri­ca Business Centre has hosted the Nigerian Minister of Indus­try, Trade and Investment, Dr. Okechukwu Enelamah.
 
The meeting which took place in Washington DC on Tuesday, focused on improving trade and investment relation­ship between both countries.
 
According to a statement made available to The AU­THORITY by the Strategic Communication Adviser to the minister, Constance Ikokwu, Enelamah stressed the impor­tance of trade with the US.
 
“The U.S. has historically been one of Nigeria’s top trad­ing partners; it was the biggest importer of Nigeria’s crude oil at some point. In the last five years, however, the sharp de­cline in US imports of our crude, on account of rising domestic production of Shale, has altered the trade balance between our two countries,” the minister was quoted to have said.
 
He added: “This develop­ment presents Nigeria with a good opportunity for diver­sification and to explore and increase non-oil export, es­pecially in agricultural prod­ucts, services and the digital economy.”
 
On his part, the Presi­dent of the US-Africa Busi­ness Centre and Vice Presi­dent for African Affairs at the Chamber, Scott Eisner, stated that “with the largest econo­my in Africa, Nigeria is an im­portant partner for US busi­nesses.

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