Connect with us

News

Antony Blinken Arrives Abuja, Meets With Tinubu And Says American Companies Ready To Invest In Nigeria

Published

on

President Bola Tinubu receives the United States Secretary of State, Antony Blinken, at the Presidential Villa in Abuja on January 23, 2024.
President Bola Tinubu receives the United States Secretary of State, Antony Blinken, at the Presidential Villa in Abuja on January 23, 2024.

The United States Secretary of State, Antony Blinken has arrived at the Presidential Villa Abuja for an official visit to President Bola Tinubu.

This online news understands that Blinken is in Nigeria as part of his tour to the West African sub-region.

He had stopped over at Cape Verde and Ivory Coast before arriving in Nigeria and is expected to leave for Angola from here.

Advertisement

On hand to receive him with President Tinubu were the Minister of Foreign Affairs, Ambassador Yusuf Tuggar; the Minister of Information, Mohammed Yusuf, and other top government officials.

READ ALSO: Michelle Obama gets more bets than Joe Biden to be next US President

After meeting with the President, Blinken is scheduled to visit Lagos for bilateral talks.

Advertisement

Earlier, the spokesperson of the US Department of State, Matthew Miller, announced Blinken’s planned visit to Cabo Verde, Cote d’Ivoire, Nigeria, and Angola from January 21 to 26.

Miller said the visit is aimed at highlighting the progression of the United States’ relationship with the continent after the US–Africa leaders summit in 2022.

“Throughout the trip, the secretary will highlight how the United States has accelerated the U.S.-Africa partnership since the U.S.-Africa Leaders Summit, including in areas such as climate, food, and health security,” the spokesperson said in a statement.

Advertisement

“He will also emphasize our future-focused economic partnership, and how the United States is investing in infrastructure in Africa to boost two-way trade, create jobs at home and on the continent, and help Africa compete in the global marketplace.”

According to Miller, the visit is also expected to foster the U.S. partnership with the Economic Community of West African States (ECOWAS) to address regional challenges and de-escalate tensions in the eastern Democratic Republic of Congo.

During his visit to Ivory Coast, the football-loving, French-speaking top US diplomat watched a critical match Monday night in Abidjan between the hosts and Equatorial Guinea, joining Ivory Coast’s political top brass in a VIP box.

Advertisement

American Companies Ready To Invest In Nigeria – Blinken

Anthony Blinken has assured of American companies’ readiness to partner with and invest in the Nigerian economy.

Blinken, who is on an African tour, made the remark in Abuja during his visit to President Bola Tinubu at the Presidential Villa.

“American entrepreneurs and companies are ready to partner and invest in Nigeria, particularly in the tech sector,” he said while briefing the press after he met with Tinubu at the State House in Abuja

Advertisement

“We have tech giants that have teamed up with Nigerian partners to help meet President Bola Tinubu’s one million digital jobs initiative.”

“Our tech entrepreneurs are fostering Nigeria’s next start-ups and our venture capital companies are working to finance them,” Blinken added, saying American firms are also working to broaden internet access in the West African country.

“So, we want to work in partnership to drive Nigeria’s tech revolution,” he said.

Advertisement

Anthony Blinken assured Nigeria of American's companies’ readiness to partner with and invest in the Nigerian economy

Despite the promises investing in Nigeria holds, the US diplomat is aware of the challenging business environment in the country.

Nigeria remains one of the lowest ranked on Transparency International’s widely watched corruption perceptions index. Tackling this and also creating a better business environment, Blinken believes, are key to unlocking the Nigerian economy.

“Nigeria offers real clear competitive opportunities for real investors. But at the same time, I think it is no secret that there remain long-term challenges to unlock its full potential,” he said.

Advertisement

He maintained that “tackling corruption and making it easier for companies to repatriate capital” is essential for Nigeria to attract foreign investments.

Tinubu, who took office last May, has repeatedly called for patience to allow his reforms to take effect after ending a fuel subsidy and freeing up the naira currency — policies the government says will bring more foreign investment despite the short-term austerity they cause.

The moves have been praised by investors. But they have also led to a sharp fall in the naira’s value against the dollar, and access to foreign currency in Nigeria remains a major problem for foreign companies.

Advertisement

Blinken said while the impacts of these reforms might be harsh on the people, the US will continue to support Nigeria to cushion the effects.

Facebook Comments
Guardiola's Message To Cole Palmer Ahead Of Man City vs Chelsea Showdown
Sports6 days ago

Guardiola’s Message To Cole Palmer Ahead Of Manchester City vs Chelsea Showdown

EFCC witness tells court ex-Gov Bafarawa’s son wrote statements voluntarily in the alleged N4.6bn fraud
News1 week ago

EFCC witness tells court ex-Gov Bafarawa’s son wrote statements voluntarily in the alleged N4.6bn fraud

Mauricio Pochettino to make 2 Key changes in Chelsea squad for Manchester City Clash
News1 week ago

Mauricio Pochettino to make 2 Key changes in Chelsea squad for Manchester City Clash

Femi Falana Calls for Nigeria to Tackle Economic Gridlock by Joining BRICS and Selling Crude in Naira
News1 week ago

Femi Falana Calls for Nigeria to Tackle Economic Gridlock by Joining BRICS and Selling Crude in Naira

Chelsea dealt major BLOW ahead of Carabao Cup final as key player set to miss Liverpool clash
Sports2 weeks ago

Chelsea dealt major BLOW ahead of Carabao Cup final as key player set to miss Liverpool clash

Manchester United fans caught Varane's sneaky move towards Douglas Luiz after McTominay's winning goal [Video]
Sports2 weeks ago

Manchester United fans caught Varane’s sneaky move towards Douglas Luiz after McTominay’s winning goal [Video]

2023 AFCON: Bovi blames Jose Peseiro for Nigeria’s defeat to Ivory Coast 
Sports2 weeks ago

2023 AFCON: Bovi blames Jose Peseiro for Nigeria’s defeat to Ivory Coast

What Cristiano Ronaldo did after Al Hilal fans mock him with Lionel Messi chant during Riyadh Season Cup [Video]
Sports2 weeks ago

What Cristiano Ronaldo did after Al Hilal fans mock him with Lionel Messi chant during Riyadh Season Cup [Video]

'Move On' - Mauricio Pochettino Tells Chelsea Fans In Epic Rant
Sports2 weeks ago

‘Move On’ – Mauricio Pochettino Tells Chelsea Fans In Epic Rant

Manchester United owners 'didn't want club to win trophies' - new shocking report reveals
Sports2 weeks ago

Manchester United owners ‘didn’t want club to win trophies’ – new shocking report reveals

Prince Harry rushing to UK today following King Charles’ Cancer diagnosis
News2 weeks ago

Prince Harry rushing to UK today following King Charles’ Cancer diagnosis

Country singer Toby Keith is dead - Cause of his death revealed
Entertainment2 weeks ago

Country singer Toby Keith is dead – Cause of his death revealed

Martin Odegaard responds to Jamie Carragher's cheeky swipe after Arsenal beat Liverpool
Sports2 weeks ago

Martin Odegaard responds to Jamie Carragher’s cheeky dig after Arsenal beat Liverpool

Arsenal transfer the right move for Victor Osimhen - Gary Lineker
Sports3 weeks ago

Arsenal transfer the right move for Victor Osimhen – Gary Lineker

AFCON: Reactions as Ademola lookman's Brace Against Cameroon Sends Nigeria Into Quarter-Finals
Sports4 weeks ago

AFCON: Reactions as Ademola lookman’s Brace Against Cameroon Sends Nigeria Into Quarter-Finals