The United Nations General Assembly (UNGA) will meet in September to discuss important topics that affect all of humanity. Objects on the docket include Climate Change, Health, War, and many others. To complement this gathering of world leaders, the US-Nigeria Investment Summit will run in New York City for its third year.
The 2021 US-Nigeria Investment Summit begins on September 17th and concludes on the 18th. Business investors, international representatives, advisors, and service providers from a broad spectrum of industries will gather to network and form long-lasting partnerships that benefit both nations. The annual summit is sponsored by several prestigious institutions, including but not limited to, Nigeria’s Bank of Industry, The United States Trade and Development Agency, and the International Trade Administration.
The focus of the US-Nigeria Investment Summit is to direct resources into Nigeria. Some concrete benefits that both nations enjoy as a result of the summit come in the form of job creation, raised awareness, and investment facilitation. This groundbreaking financial conclave first opened its doors in 2018 under the banner “Nigeria is Open for Business,” and the upcoming event will continue the strong tradition in 2021 with the tagline “Nigeria: The Future of Global Business.”
Topics at the convention span a wide range. Discussions include the importance of improving infrastructure, the development and implementation of Nigeria’s growing workforce, as well as seminars and conferences with leading industry experts and government officials. Though this festival of finance is still in its infancy, it has the potential to bring a long-term positive impact and set up Nigeria as a new global hub of industry in the future.
The direct connections enabled by this conference are vital to both parties: those working in the Nigerian industries, and those seeking a cutting-edge investment arena. Some sectors on which this year’s summit will focus include agriculture, manufacturing, healthcare, and ICT.
According to their website, The 2021 US-Nigeria Investment Summit “Focused B2B and B2G meets will be facilitated by senior representatives from the Government. Interactive sessions with policymakers, senior Government representatives, and thought leaders will be held.” This direct interactivity eases the access barriers between government officials and the public.
Due to incredibly high demand, these exclusive marketing opportunities can be leveraged by the select few participants who pass through the rigorous application process. These lucky participants will also enjoy a sneak peek at the latest technology still in Research and Development (R&D). Business leaders will find opportunities to expand to a thriving international marketplace. The 2021 US-Nigeria Investment Summit has something for everyone.
The Daily Live reports, “According to McKinsey and other global analysts, Africa’s household consumption will top $2.7 trillion.” This spectacular growth opportunity is not going unnoticed by the key players in international financial investment. Several public accounting firms support the event including the International Finance Corporation, which is a World Bank group.
The confirmed guest list boasts Otunba Niyi Adebayo, Nigeria’s Minister of Trade, Industry and Investment, Godwin Emefiele, Governor of the Central Bank of Nigeria, and Mohammed Sabo Nanono, Nigeria’s Minister of Agriculture and Rural Development. United States President Joe Biden and President Federal Republic of Nigeria Mohammadu Buhari GCFR are also invited to attend.
Some other invitees, who at of the writing of this article have not yet confirmed their attendance, are Ngozi Okonjo-Iweala, Director-General of the World Trade Organization; Hon Minister Geoffrey Onyeama, Nigeria’s Honorable Minister of Foreign Affair; and Babatunde Raji Fashola, SAN and Nigeria’s Minister of Power, Works, and Housing.
Needless to say, this guest list is quite the lineup of thought leaders and powerful players in the various topics that will be discussed and how they specifically affect the relationship between Nigeria and the United States’ economies. Of course, there will always be more to say on the issues, but the discourse is sure to be invigorating.
One exciting goal of the forward-looking summit is to utilize the power of cutting-edge technology to transform Nigeria’s entire economy into an environmentally sustainable circular economy. Nigeria may even lead the way by which the US and UK may learn. All countries must now reckon with the mistakes of history to move forward into a livable future for humanity.