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Business

Houston To Strengthen Bilateral Trade Relations With Nigeria

todayJuly 18, 2023 53

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Houston, Texas in the United States of America has promised to strengthen its bilateral trade with Nigeria towards enhancing national economic development.

The Mayor of Houston, Texas, USA, Mr Sylvester Turner made the promise in Abuja when he led a business delegation on a visit to the Permanent Secretary, Ministry of Industry, Trade and Investment, Dr. Evelyn Ngige.

Mr Turner expressed Houston’s readiness to invest in Energy, Agriculture, Technology and other key economic sectors in Nigeria.

He stated that plans are also on ground to introduce a direct flight from Houston to Nigeria as part of measures to further improve the bilateral trade with Nigeria.

According to him, Houston is a key player in the energy and economic sector including agriculture hence the need to collaborate with Nigeria for improved national economic development.

While commending the relationship between Houston and Nigeria over the years with trade investment of over one billion dollars, he explained that Houston was ready to invest in Africa for the growth of the continent.

Responding, the Permanent Secretary, Ministry of Industry, Trade and Investment, Dr Evelyn Ngige expressed Nigeria ‘s willingness to collaborate with Houston on ways of repositioning the nation’s trade and economic sector.

Dr. Ngige who described Nigeria as one of the United States trade partners over the years stated that the present administration of President Bola Tinubu would continue to seek ways of more bilateral trade relations with the US and other African countries towards realizing its Renewed Hope agenda in the areas of trade and Investment.

She also reiterated the determination of the Ministry towards embarking on programmes that would improve the business climate in the country.

The Permanent Secretary who said Nigeria is the 41st largest trade partner with Houston with $1. 6b investment stressed that the Nigeria Trade Policy which is currently being reviewed and Nigeria ‘s Investment Policy as well Quality Policy and various business incentives being put in place in Nigeria advised Houston to increase its investment in Nigeria.

Dr Ngige commended the readiness of Houston to invest in Energy, ICT, Agriculture and other sectors in Nigeria called for more collaboration for the benefit of both countries.

Mathew Ayoola, Edited By Grace Namiji

Written by: Kevin Nwabueze

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