The Federal Government and the United States have signed a Memorandum of Understanding on commercial and investment partnership, marking a significant step in strengthening their economic ties.
The agreement was signed on the sidelines of the 2024 AGOA Forum held in Washington DC by the Minister of Industry, Trade and Investment, Doris Uzoka-Anite, and the US Secretary of Commerce, Gina Raimondo, a statement issued by the trade ministry stated on Sunday.
It said the MOU aims to deepen bilateral commercial and investment ties between Nigeria and the US through collaboration to enhance the business environment, facilitate private sector-led trade and investment projects, develop direct business relations, and implement actions for a mutually beneficial trade and investment relationship.
The agreement focuses on key economic sectors including infrastructure, agriculture, sports and the digital and creative economy. It also involves cross-cutting areas such as investment promotion and regulatory reforms.
It establishes a framework for regular consultations at various levels, including business-to-government, government-to-government, and business-to-business engagements.
