By: Abba Onyekachukwu, Abuja.
The Federal Ministry of Industry, Trade and Investment (FMITI) and the United States (U.S. Mission in Nigeria have launched the inaugural session of the Nigeria-U.S.) Commercial and Investment Partnership (CIP) Working Group Forum in Abuja. This initiative aims to unlock trade and investment potential, tackle non-tariff barriers, and create meaningful employment opportunities.
According to a press statement from Thomas Adebayo, Director Press and Public Relations, FMITI on Wednesday, the CIP is a restructured framework that evolved from the 2017 Nigeria-U.S. Commercial and Investment Dialogue. The partnership is designed to enable dynamic business-to-business, government-to-business, and government-to-government engagement. The newly launched Working Groups will function as platforms to identify policy bottlenecks, stimulate innovation, and accelerate sector-specific cooperation in agriculture, digital trade, and infrastructure.
The CIP initiative is expected to catalyze regulatory reform, private sector engagement, innovation, and inclusive economic growth. The United States has expressed strong commitment to enhancing bilateral commercial relations and fostering shared prosperity.The partnership will facilitate constructive dialogue, investor engagement, and joint policy efforts between Nigeria and the United States.
According to Dr. Jumoke Oduwole, Honourable Minister, FMITI: “The CIP initiative is a tool for unlocking trade and investment potential, tackling non-tariff barriers, and creating meaningful employment.”
The U.S. Ambassador Richard M. Mills, Jr. Said: “The CIP is one of the key priorities of my tenure, underscoring the United States’ strong commitment to enhancing bilateral commercial relations and fostering shared prosperity.”
This landmark partnership is expected to drive economic growth, create jobs, and improve the business environment in both Nigeria and the United States.
