Nigeria and the United States have commenced plans to leverage on the US President Barack Obama’s US $ 14 billion investment pledge in Africa, for an effective financing structure for infrastructure in Nigeria. A part of this deal will guarantee an inflow of investment in the textile sector of the country increasing employment, income and investment across the sector.
Penny Pritzker, US Commerce Secretary noted that US companies were eager to do business in Nigeria due to the ongoing reforms in critical sectors and that they could also leverage on the US export assistance facilities scattered around the country. Olusegun Aganga , Minister of Industry, Trade and Investment Africa said that the United States was keen on boosting trade with Nigeria in particular and that the interests cut across all sectors of the Nigerian economy.
