Emeka Okoroanyanwu
Leading United States of American companies are participating in an investment roadshow taking place in Nigeria between Tuesday and Friday this week.
The show is aimed at exposing the US companies to investment opportunities in Nigeria and how to tap into it.
The roadshow is to be hosted by the United States government, through the U.S. Agency for International Development (USAID) Mission in Nigeria and U.S. government Prosper Africa and Power Africa initiatives.
According to information from USAID, twelve executives from leading U.S. pension funds and financial service providers, managing over $1 trillion in assets, are meeting with Nigerian companies and fund managers during the trip.
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The roadshow is to raise awareness around investment opportunities in the country, particularly in infrastructure, and to build relationships among U.S. and African investors and fund managers.
With it’s strategic geographic location and a large population of over 200 million people, Nigeria has the largest economy in Africa, with a gross domestic product (GDP) of $477 billion as of 2022, and a diverse range of industries, including oil and gas, agriculture, and telecommunications.
Nigeria is projected to be one of the top five global economies in the world by 2075.
One important objective of the trip is to share information on the country’s vast business environment and real and perceived risks, so that investors can accurately assess business and project opportunities.
During the trip, the investors are scheduled to participate in site visits, events, and investor pitch sessions in Abuja and Lagos.
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They will also engage with U.S. Government representatives to understand U.S. trade and investment priorities in the region and learn more about U.S. Government resources available to support investors.
The show, said USAID, advances efforts to mobilise greater private sector investment into infrastructure projects in priority sectors including agriculture; water, sanitation, and hygiene; and renewable energy. In addition, it advances Prosper Africa’s mandate as a presidential initiative to transform the economic relationship between Africa and the United States and drive large scale investment to the continent.
The trip is part of a series of U.S. institutional investor trips to Africa in 2023, organised under the Prosper Africa initiative, to South Africa, Morocco, Egypt, and Botswana.
