President Joe Biden of the United States assured Nigeria of his administration’s strong commitments to the Nigeria-US longstanding relationship.
Biden gave the assurance when he met with President Bola Tinubu on the sidelines of the G20 summit in India.
Biden assured that his administration would reinforce the enduring commitment to the U.S.-Nigeria relationship and to the longstanding friendship between the two countries and the people.
President Biden welcomed the Tinubu Administration’s steps to reform Nigeria’s economy and thanked President Tinubu for his strong leadership as the chair of the Economic Community of West African States to defend and preserve democracy and the rule of law in Niger and the broader region.
He described Nigeria’s invitation to the G20 Summit as “a recognition of Nigeria’s important global role as Africa’s largest democracy and economy.
The President also met with the Heads of State of three nations which have been identified as key partners in his economic development diplomacy drive for local investment and wealth creation.
They include the Chief Executive Officer of Europe’s largest economy, Germany, presented a unique opportunity to expand ties of prosperity for the people of Nigeria, but with a pragmatic approach toward ensuring the effective execution of agreements struck.
“It is not, for us, only a matter of designing the financial architecture for an expanded economic partnership. It is also about the practicality of aligning the perspectives of your large-scale manufacturers, such as Volkswagen and others, with the reality of the new incentives my government is putting in place for them to come and prosper across multiple value chains and sectors inside of our country,” the President implored.
Intrigued by the specific economic focus of the President’s proposal, German Chancellor Olaf Scholz, responded by acknowledging the mutually-beneficial nature of an escalation in the scale of economic ties with Africa’s largest economy.