Nigeria’s President Bola Tinubu, has assured the United States and other international partners of enhanced power supply within the country, citing the country’s abundant gas resources as a leverage.
Tinubu, who was represented by the Minister of Foreign Affairs, Yusuf Maitama Tuggar, gave the assurance at the U.S.-Africa Business Summit in Dallas, Texas, holding from May 6 to 9, 2024.
The summit is hosted by the Corporate Council on Africa (CCA).
Over 1,500 U.S. and African public and private sector executives, including government officials and president, are attending the summit.
The summit aims at driving U.S.-Africa sustainable business partnerships.
For Tuggar, Nigeria is on course to achieving enhanced power supply due to its enormous gas resources.
He stated via his X page,
Also, the Minister explained that food security remains a top priority for President Tinubu and is achievable.
He noted that with comprehensive plans for year-round farming, provision of planting materials, and the establishment of agro-processing zones, food security would be attained.
He stressed the importance of strategic partnerships for agricultural development.
The minister said Nigeria’s participation reaffirms the country’s commitment to strengthening economic ties and exploring new avenues for growth and collaboration.
US to fuel infrastructural development in Africa
At the ongoing summit, the US International Development Finance Corporation (DFC) tweeted that the country is committed to supporting infrastructural development in Africa.
To prove this, DFC Deputy Chief Executive Officer (DCEO), Nisha Biswal, and Chief Minister of Sierra Leone, David Moinina Sengeh, announced up to $412 million in financing and political risk insurance in support of Sierra Leone’s plans to address blackouts and expand its power system through renewable energy solutions in the future.