The United States Consulate and Nigerian Exchange Limited (NGX) on Friday announced their decision to collaborate on boosting investments and trade between Nigeria and the United States.
The partnership was made public at the Closing Gong Ceremony held to commemorate the US Consul General’s courtesy visit to NGX on Friday, 14 October 2022.
In his remarks, the US Consul General in Nigeria, Mr. Will Stevens, said that the United States’ government was committed to facilitating its strategic interests of increasing the country’s investments in Nigeria as well as Nigerian investments in the US since trade between the two countries remained paramount.
The Envoy said: “It is an honour and I am very excited to be here today. Our goal is to work with the Exchange to create transparency and accessibility for Nigerian companies to international investors. I am looking forward to doing everything I can to increase trade between our nations, US investments in Nigeria, and Nigerian investments in the US.”
Commenting on the partnership, the NGX Chief Executive Officer, Mr. Temi Popoola, pointed out that the long-standing relationship between the US Mission and NGX over the years underscored the critical role the Consulate played in driving the cooperation and assured the Consul General of Nigerian Exchange’s commitment to its sustenance.
The investment expert said: “The US Consulate plays a commendable role in driving sustainable investments in Nigeria’s technology, agriculture and energy sectors via strategic partnerships with American corporates and investors that have significantly aided Nigeria’s economic growth and further entrenches the importance of sustaining our cooperation.
“NGX, through our role as a front runner for sustainable finance and business practices for the Nigerian capital market, will continue to champion initiatives that stir the ecosystem along the path to achieve economic recovery and inclusive development”, he added.
Popoola explained that NGX was keen on exploring avenues through which it could be the point of contact between Nigerian investors looking to access the US market and US institutional and retail investors interested in investing in the nation’s capital market.
He said: “NGX is well positioned to leverage its partnerships for private sector advocacy, building capacity of market players, technological progress and digital transformation of markets.”
