National Economy
Sunday, July 26, 2026
No Result
View All Result
  • Home
  • News
    • International Business
  • Lead-In
    • Cover
    • Investigation
  • Energy
  • Economy
    • Nigerian Economy
    • Fiscal Policy
    • Agri Business
    • Transportation
    • Industry
    • Competition
    • Homes & Property
    • Insurance
    • Companies & Markets
      • Companies
      • Capital Market
  • Tech
  • States & Politics
  • Commentary
    • Analyst
    • Business Matters
    • All Angles Considered
    • ClickSend
  • Editorial
  • Data
  • Others
    • Opinion
    • Analysis
    • Money Guide
    • Growth
    • Sport Economy
News
National Economy
No Result
View All Result
  • Home
  • News
  • Lead-In
  • Energy
  • Economy
  • Tech
  • States & Politics
  • Commentary
  • Editorial
  • Data
  • Others

70% of US Investment Resides In Nigeria—US Consul-General

by Royal Ibeh
July 29, 2023
in Business, News
investment

The US Consul-General, Will Stevens has revealed that, trade and investment that comes to the Nigerian market from the United States(US) stood at 70 per cent compared to other western countries.

This is even as he disclosed that Nigeria is a top rank African country with high percentage of its students learning in the US tertiary institutions.

Stevens, who disclosed this at the Global Tech Summit in Lagos, said Nigeria is faced with many issues, hence the reason the US government is investing in the country.

“The people in Nigeria are creative and they need access to capital. We are ensuring that startups in Nigeria get access to capital, to enable them build their companies into a billion dollar companies, especially in the tech ecosystem.

“There are five of the nine African unicorns that are already based here in Lagos, and we expect that they will continue to grow. I believe deeply that success begets success. So we the US government, the Biden administration is deeply committed to partnering with Nigeria and tech ecosystem to continue to generate this growth,” he averred.

YOU MAY ALSO LIKE

Africa Adopts Landmark Livestock Market Agenda, Sets 2027 Deadline For Investment Drive  

OPEC Warns High Borrowing Costs, Inflation Threaten Nigeria’s Recovery

The US Consul-General, however called on Nigerian youths to come up with solutions to solving global problems as he believed that the right solution to Nigeria’s sustainability is right here in the country.

Permanent secretary, ministry of Communication and Digital Economy, Dr William Nwankwo Alo, has described the Global Tech Africa summit as a catalyst for rapid evolution of Africa’s economy in global technology, while alluding that access to technology is no longer a privilege but a fundamental right to all Africans.

CEO, Global Tech Africa, Dr. Inya Lawal said, the summit is focused on Trade and not aid, as Nigeria has the attention of the public, private individuals and institution due to the numbers of unicorn that has been birthed by Nigerians. While stressing that the good thing about ICT is the innovation, Lawal averred that Nigeria has a well of innovation.

He disclosed that will be training on skills acquisition for underserved communities in Jigawa, Abuja, Ibadan and Ile-ife, adding that 13,000 people will be empowered by November, 2023.

 

 

Author

  • Chika Izuora
    Chika Izuora

Tags: 70% of US Investment Resides In Nigeria-US Consul-General
ShareTweetShare

OTHER GOOD READS

Africa Adopts Landmark Livestock Market Agenda, Sets 2027 Deadline For Investment Drive  
News

Africa Adopts Landmark Livestock Market Agenda, Sets 2027 Deadline For Investment Drive  

6 days ago
OPEC+ Agrees To Raise Oil Output By 188,000 Barrels Per Day From July
News

OPEC Warns High Borrowing Costs, Inflation Threaten Nigeria’s Recovery

6 days ago
Nigeria’s Petrol Imports Surge 207%, Piling Pressure On Naira
News

Nigeria’s Petrol Imports Surge 207%, Piling Pressure On Naira

6 days ago
Next Post
Facebook Records 2bn Daily Users In June 2023

Facebook Records 2bn Daily Users In June 2023

© 2025 | National Economy Newspaper | All Rights Reserved

No Result
View All Result
  • Home
  • News
    • International Business
  • Lead-In
    • Cover
    • Investigation
  • Energy
  • Economy
    • Nigerian Economy
    • Fiscal Policy
    • Agri Business
    • Transportation
    • Industry
    • Competition
    • Homes & Property
    • Insurance
    • Companies & Markets
      • Companies
      • Capital Market
  • Tech
  • States & Politics
  • Commentary
    • Analyst
    • Business Matters
    • All Angles Considered
    • ClickSend
  • Editorial
  • Data
  • Others
    • Opinion
    • Analysis
    • Money Guide
    • Growth
    • Sport Economy

© 2025 | National Economy Newspaper | All Rights Reserved