Americas > North America > United States > U.S. invests U.S.$50 million in Nigeria's economy in 2013

United States: U.S. invests U.S.$50 million in Nigeria's economy in 2013

2013/10/23

United States of America Consul General, Jeffrey Hawkins said that the US has invested $50 million in Nigeria's economy in 2013 alone. He said this during a courtesy visit to the Nigerian Stock Exchange (NSE) yesterday.

He said that Nigeria was a growing economy and assured that the United States government would help in growing the economy.

He pointed out that no country can evolution without capital market investment , saying that the US was building a solid trade framework with the Nigerian government.

He urged the NSE to create a transparent environment that will attract investors to the Nigerian capital market.

The CEO of NSE, Oscar Onyema, while welcoming the US Consul General, said Nigeria has a strong relationship with the US government, saying that the Stock Exchange would support the relationship and economic activities between the two nations.

He added that the Exchange would as well drive friendly portfolio investments from the deepest market(New York Stock exchange) in the world to emerging market which has the highest return on investment in the world.

Sam Ndata, a senior stockbroker on the NSE pleaded that the US should assist in bringing investments to the country and grow the Nigerian capital market.

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