Jonathan calls for increased U.S. investment in Nigeria

Bilateral trade between U.S. and Nigeria hits $36 billion

President Goodluck Jonathan said late Wednesday in Washington DC that the volume of trade between Nigeria and the United States, which has risen to a record $36 billion per annum, will continue to grow. He also called for increased investment by American companies in Nigeria.

The President who was speaking at a dinner held in his honour by the United States Chambers of Commerce and the Corporate Council on Africa said that his administration welcomed the support of the Obama administration and both organisation’s for ongoing efforts to positively transform the Nigerian economy and ensure that it becomes one of the 20 largest economies in the world by the year 2020.

Calling for even greater direct investment in Nigeria from the United States, President Jonathan declared that recent developments had shown that President Barack Obama was right when he spoke, in September last year, of increasing international recognition of Nigeria’s role in the global economy.

“Our economy has since been re-based and it is now the largest in Africa. We are the 26th largest economy in the world and the largest trading partner of the United States in Africa. Latest figures show the volume of trade between Nigeria and the U.S. to be $36 billion and still counting.

“Between last year and now, we hosted the World Economic Forum on Africa which was attended by 1,000 participants from 70 countries. The Forum attracted over $68 billion in investment to the African continent in the form of Foreign Direct Investments, as well as private and public investments targeted at projects that would foster the agriculture sector, improve infrastructure such as roads, railways, hospitals, education, skill development and ICT across African countries.

“We remain the largest source of natural gas and have large areas of unexploited fertile lands for agriculture. We have a huge stock of untapped solid minerals and we continue to make Nigeria an attractive destination for foreign investors through the constant implementation of our policy of creating an attractive and conducive climate for investors,” President Jonathan told the gathering.

The President also told his audience at the dinner that while the oil and gas industry remains Nigeria’s main source of revenue and foreign exchange earner, his administration was working hard to fully diversify the country’s economy and will welcome greater support from the United States for its efforts to make other sectors of the Nigerian economy more productive.

He assured American investors that his administration was taking all necessary action to overcome the Boko Haram insurgency and achieve greater security of lives and property in all parts of Nigeria.

President Jonathan left Washington DC to return to Nigeria after the dinner and talks earlier on Wednesday with President Barack Obama and other African Heads of State and Government at the first United States-African Leaders Summit.


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  • Dr. Kay

    Old fart na you only waka come? The bible says a carnal mind cannot understand the things of the spirit. Now I see where your problems lies, you are a theologian that reads the bible with your brain and not your spirit. The bible says this book when you read must be meditated on day and night, as you meditate your spirit (Holy Spirit) will explain the deeper meaning of what you read from the bible and the context. Most of apostle Paul’s text are letters written to churches in Corinthians , Thessalonians, Galatians etc, the contexts are fitting for the churches ,all you need to do is understand the history of the churches at the time the letters were written so you’ll know where he’s coming from, but not you, once you get your demonic inspiration, you hit the keyboard and type away your heresy and stupidity. Like I always call you ,you are an oponu, Agbaya ma danu. You must be a failure in your life because you just shift from one useless ideology to another. I think you are so down in your depressed and confused persona that this is the therapy you find that’s working for you. Sometimes I am tempted to pity your , but as I look through the venoms in your postings , I find it difficult to pity an oniranu like you . I pity the members of your congregation sha , cause you’ve been feeding them poisonous meal all these years that I won’t be surprised if they are not having a spiritual edification and breakthroughs in their lives. They are the ones that needs to be pitied and prayed for, you on the other hand knows what to do , do it as the bible say today is the day of salvation , tomorrow may be too late.

    • Tokunbo Pole

      Thank you very much,you have given this man a befitting reply.His Christianity needed to be questioned.

  • Eddy

    Femi, have you received the Holy Spirit since you believed? If you have not this is the time to ask him into your life.