The United States Ambassador to Nigeria, Richard Mills Jr, has said that the US will be focusing on private sector-led investment instead of aid in its engagement with Nigeria and sub-Saharan Africa.
Nigeria is the US’s second-largest trade partner in Africa, with bilateral trade hitting about $13bn at the end of 2024.
Richard Mills Jr said, “Over the last few decades, the United States has invested billions of dollars in Nigeria’s health, education, and agricultural sectors,
However, he disclosed that they have reached what President (Donald) Trump like to call an inflexion point,
He noted that it is the time for them to build on the strength of these aid investments, and for Nigeria, one of Africa’s largest economies with huge economic potential, to enter a new phase of vibrant private sector-led growth.
US SHIFTING FROM AID TO TRADE IN NIGERIA, OTHERS SAYS AMBASSADOR
