Enterprise Television – FMN chairman, Others Call for Expansion of U.S.-Nigeria Trade Ties
The co-chair of the United States Nigeria Council (USNC) John Coumantaros, and chairman of Flour Mills Nigeria has commended the council’s support towards ensuring the growth of entrepreneurs in Nigeria through investments in key industrial sectors that would aid job creation.
He said these investments have further boosted bilateral ties between the U.S. and Nigeria as well as industrial development, therefore urging improved ties between the two countries.
He confirmed these at the council’s yearly spring reception and members-dinner on the margin of the World Bank-IMF meetings in Washington DC, USA recently.
In his statement, he said the US Nigeria Council is focused on deepening the US-Nigeria commercial partnerships at a critical time Nigeria’s economy needs more foreign direct investment inflow. He, however, appreciated the presence of senior business executives at the dinner.
“At these dinners, we seek to uncover areas of shared interest and pave the way for joint ventures, partnerships, and diversified investments. USNC has supported entrepreneurs in Nigeria to grow.
Tomato Jos, for example, has received additional investment that enabled the company to invest in irrigation, additional land and access the full range of support and expertise from agribusinesses like Flour Mills of Nigeria, but also other member companies,” he added.
Also speaking at the event, the new chairman of USNC and former US Ambassador to Nigeria, Terence McCulley, said that the US Nigeria Council is the only group focused solely on facilitating US-Nigerian joint ventures and partnerships, and it has succeeded in meeting its goals, with deals emerging from every reception and dinner it has hosted.
According to him, the council is currently working with the Nigerian Ministry of Trade and Investment on industrialisation efforts and have been helping one of its members, Zipline, advance its innovative project in Nigeria to deliver blood and essential medication via drones.
He added that in five years, the Council can look back and say that the partnerships and relationships formed between U.S. and Nigerian members significantly and measurably contributed to Nigeria’s development, economic diversification, and job creation.
McCulley acknowledged founding members: Dangote Group, Oando, Access Bank, Zenith Bank, Chevron and the Nigerian Sovereign Investment Authority and the young entrepreneurs who attended the reception and dinner.
However the Executive Director of the Council, Eliot Pence, said that the council was founded to act as a convener, clearinghouse, and catalyst for business and investment opportunities for US and Nigerian firms.
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