Nigerian Exchange Limited (NGX) and the US Consulate have decided to work together to increase commerce and investment between Nigeria and the US.
Will Stevens, the US Consul General, stated that the US is committed to facilitating its strategic interests of increasing US investments in Nigeria, Nigerian investments in the US, and boosting trade between the US and Nigeria in his remarks at the Closing Gong Ceremony held to commemorate his courtesy visit to NGX at the weekend.
“It is an honour and I am very excited to be here today. Our goal is to work with the exchange to create transparency and accessibility for Nigerian companies to international investors. I am looking forward to doing everything I can to increase trade between our nations, US investments in Nigeria, and Nigerian investments in the US.”
Temi Popoola, the chief executive officer of NGX, spoke at the event as well. She emphasized the importance of the Consulate in fostering cooperation and assured the Consul General of NGX’s commitment to the organization’s survival.
“The US Consulate plays a commendable role in driving sustainable investments in Nigeria’s technology, agriculture, and energy sectors via strategic partnerships with American corporates and investors, that have significantly aided Nigeria’s economic growth and further entrench the importance of sustaining our cooperation,” he said.
Through its leadership in the Nigerian capital market’s adoption of sustainable finance and business practices, NGX will continue to support projects that shake up the ecosystem on the way to achieving economic recovery and equitable development.
According to Popoola, NGX is interested in looking into ways that it may serve as a point of contact between US institutional and individual investors and Nigerian investors seeking entry to the US market.
“NGX is well positioned to leverage its partnerships for private sector advocacy, building capacity of market players, technological progress and digital transformation of markets”, he said.
