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.