The United States and Nigeria have recommitted to deepening their trade and investment partnership through a renewed focus on private sector–led growth under the U.S.-Nigeria Commercial and Investment Partnership (CIP).
The United States and Nigeria have announced fresh efforts to deepen trade and investment relations, emphasizing private sector–led economic growth. The U.S. Embassy in Nigeria disclosed the development in a statement on Friday, following the U.S.-Nigeria Commercial and Investment Partnership (CIP) Ministerial held in Lagos. The talks, co-chaired by Deputy Assistant Secretary for the U.S. Commercial Service at the U.S. Department of Commerce, Bradley McKinney, and Nigeria’s Minister of Industry, Trade and Investment, Dr. Jumoke Oduwole, are part of a five-year initiative to expand bilateral commercial ties and foster sustainable economic development.
The ministerial brought together an interagency delegation from both countries, comprising trade financing, promotion, and project development experts. The discussions focused on reviewing priority reforms presented by the CIP Working Groups on Agriculture, Digital Economy, and Infrastructure. These groups, which include American and Nigerian private sector leaders, have been instrumental in crafting recommendations to strengthen the business environment and dismantle barriers hindering trade and investment.
According to the U.S. Embassy, the CIP Ministerial reaffirms both nations’ shared goal of promoting inclusive, market-driven economic growth. It stressed that sustained collaboration between public and private stakeholders remains essential to achieving mutual prosperity and driving innovation across key sectors of interest to both economies.