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Will Stevens, the U.S. Consul-General, announced that the United States will spend more money in Nigeria, especially in tech and education areas.
Stevens said that the U.S. wants to help Nigeria grow and improve by investing in these important sectors. He made this announcement during a visit by President Biden’s team that focuses on helping African communities abroad. They met at Vibranium Valley Tech City in Lagos.
The U.S. wants to learn more about the African market. So, they sent a team to Nigeria to make stronger connections in business, tech, culture, and education. This team includes people from schools, banks, businesses, tech companies, and even religious groups.
What They Said
Stevens mentioned that the team talked with Nigerian government officials, tech leaders, and private partners. They want to encourage more investments from the diaspora community—Nigerians living abroad.
He said, “Through these talks, we can advise the U.S. president on how to better invest in Africa. We also toured tech centers to see amazing progress in Lagos and Nigeria and to make investments.”
Moyosore Asubiojo, the General Manager of Vibranium Valley, said that their tech city has many companies working in areas like power, aviation, education, and finance. These companies use technology to solve problems in Nigeria and other places.
She said, “Some tech companies here are Power Tech, EduTech, VigiPay, and AviTech. We help these companies develop and find skilled workers through our garden academy.”
Godbless Otubure, the president of the nonprofit ReadytoLeadAfrica, said the council’s visit will help structure investments by Africans abroad. He noted that it would create stronger connections between Africa and the U.S.
Otubure said, “When investments by the African diaspora in the U.S. are well-structured, it creates more connections. People can see what they have in the U.S. and aim to create similar things at home in Africa. We also share culture and best practices in education. This meeting is crucial for talks about the African Continental Free Trade Agreement. How can the African community bring this discussion to the U.S. market?”
What This Means for Nigeria
Otubure also said that the visit shows that the council wants to build partnerships and promote investments that will benefit Nigeria and other African countries. Here are some important points he mentioned:
- About 3 million foreign nationals live in the United States, including around 2.1 million from sub-Saharan Africa, according to a 2018-2022 survey.
- Countries with many Nigerians living abroad include Canada, Germany, Italy, the United Kingdom, and the United States.
- According to the World Bank, Nigeria received $19.5 billion in remittances last year, which is about 35% of all remittances to sub-Saharan Africa.