BUSINESS: Buhari Receives US Secretary Of Commerce


President Barack Obama of the United States of America had on Tuesday sent a 10-man delegation of American businessmen and women to visit President Muhammadu Buhari at the Aso Rock Presidential Villa in Abuja.

The US delegation led by the United States Secretary of Commerce, Ms Penny Pritzker, explained that they were on a mission to study Nigeria’s business climate, with the aim of investing in the country as instructed by the US President. US Ambassador to Nigeria James Entwistle and three others were also part of the delegation.

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Pritzker said that Nigeria is at the top of the list, considering the fact that Nigeria’s middle class of roughly 50 million people is expected to help grow the country into one of the top 10 global economies by the year 2050, citing the economic potentialities of countries across Africa.

She said;

All these make us optimistic about working together. We are not here to sell policies, but to partner with you.

She said her team was very optimistic about the President’s administration’s commitment to “security, good governance, fighting corruption, having reliable and regular regulatory policies.”

President Obama and I are convinced that the American private sector, working in partnership with the African business community, can help address some of the continent’s most pressing challenges, including building modern infrastructure, creating jobs and opportunity for young people, and expanding access to education and the Internet.

When we think about the economic potential of countries across Africa, Nigeria is absolutely at the top of that list.

The imperative that we all face is to promote economic growth and opportunity at home, and deepening our mutually beneficial ties of trade and commerce is not just a nice to have, it is a must-have for all of us.

President Muhammadu Buhari, while receiving the team, expressed gratitude to the US President and his government for assisting Nigeria in its anti-terrorism war, stating that his administration will continue to welcome the support and understanding of the United States as it strives to achieve greater internal security and socio-economic progress in Nigeria.

The president applauded ongoing American collaboration with his administration on security and developmental issues.

In his words,

I remain grateful for the reception accorded me and my team when we visited the United States at the invitation of President Obama. We discussed security, corruption, infrastructure, and many other issues.

We thank America for sending experts to train our troops and  providing hardware for our military because we must  first stabilize the country before we can move it forward

Also at the meeting was Vice President Yemi Osinbajo, who in his remarks, noted that though Nigeria currently faces serious challenges, it is also a time of great opportunities for the nation.

He said,

It’s time to diversify our economy from oil. We’ve always talked about it, but never got round to doing it. The opportunity has come now. We have all it takes to be an agricultural nation. We also have solid minerals and we must develop our infrastructure in order to aid business

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