Nigeria: US to 'create jobs for Africans through trade, investments in tech, infrastructure'
The United States government has expressed its willingness to create jobs through increased trade and investment in sectors such as agriculture, technology and infrastructure, as well as boost innovation and elevate the living standards of millions of Africans.
The U.S. Consul General, Will Stevens, disclosed this at the Africa Social Impact Summit 2023, themed: “Global Vision, Local Action: Repositioning the African Development Ecosystem for Sustainable Outcomes,” which was held in Victoria Island, Lagos, on Thursday.
Stevens, who at the event, shared examples of the U.S. government’s support for Africa’s development, noted: “At the heart of the United States’ commitment to Africa lies a steadfast focus to fostering economic growth.”
The U.S. envoy said that the “African continent is dynamic, chock-full of untapped potentials, from its people to its vibrant innovative and entrepreneurial spirit and her vast natural resources.
“Recognizing this, the United States envisions a future where economic growth is inclusive, sustainable, and far-reaching.”
Stevens pointed out that through initiatives such as the African Growth and Opportunity Act (AGOA), the United States has played a pivotal role in fostering two-way trade relationships that empower African economies and communities.
He added that by “Providing duty-free access to U.S. markets for eligible African nations, including Nigeria, AGOA has paved the way for enhanced market access and economic diversification.
“Since its enactment in 2000, AGOA has facilitated a staggering $1 trillion in total trade.
“This is not just a number; it’s a testament to the fact that AGOA has contributed to the growth of industries across the African continent.”
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