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It said the MOU aims to deepen bilateral commercial and investment ties between Nigeria and the US through collaboration to enhance the business environment, facilitate private sector-led trade and investment projects, develop direct business relations, and implement actions for a mutually beneficial trade and investment relationship.

The agreement focuses on key economic sectors including infrastructure, agriculture, sports and the digital and creative economy. It also involves cross-cutting areas such as investment promotion and regulatory reforms.

It establishes a framework for regular consultations at various levels, including business-to-government, government-to-government, and business-to-business engagements.

The statement quoted the minister as saying, “This MOU marks a pivotal moment in Nigeria-U.S. economic relations. By focusing on critical sectors like infrastructure, agriculture, and the creative and digital economy, we are laying the groundwork for sustainable economic growth and job creation.

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