American Companies Invested 2.4 Trillion Naira In Nigeria
American companies have invested no less than $8.1 billion, about 2.4 trillion naira in Nigeria.
The sum was invested by several American businesses in different sectors of the Nigerian economy.
The United States Consul-General in Lagos, Mr. John Bray, stated this in Lagos on Tuesday during the Lagos Chamber of Commerce and Industry’s Security Meets Business Dialogue.
According to him, in spite of the security challenges in the country, some American companies have thrived, while some that cannot cope have left the country.
He said that to address the issue, the US Department of Commerce, LCCI Ministry of Trade and Industry and its Nigerian counterpart would hold dialogue sessions to identify impediments in the business environment.
Mr. Bray said the dialogue sessions would forge collaboration between the public and private sectors to improve on security in the country.
The President of LCCI, Mr. Babatunde Ruwase who also spoke during the session, noted that there was no better time to consider the business dimension of security challenges than now, adding that food security was at risk as agricultural production was being threatened by security concerns.
According to Ruwase, “No meaningful business can be done in an environment that is insecure. Security of life and property is a very critical factor in the investment environment and a major consideration in investment decisions.”
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