In a historic moment, President Bola Tinubu became the first Nigerian leader to ring the closing bell at the National Association of Securities Dealers Automatic Quotation System (NASDAQ), the world’s second-largest stock exchange.
The event took place in New York, where President Tinubu seized the opportunity to promote foreign direct investment (FDI) into Nigeria.
Surrounded by Nigerian business leaders and officials from the Nigerian Stock Exchange, President Tinubu emphasized the immense investment opportunities in Nigeria, the largest economy in Africa. He assured investors that his government has been working to address longstanding challenges, such as stabilizing the foreign exchange rate market and creating a favorable investment environment.
During the Nigeria-U.S. Executive Business Roundtable held after the closing bell ceremony, President Tinubu showcased Nigeria as a unique investment destination. He highlighted the country’s vibrant entrepreneurial spirit, young population, and the opportunities for innovation and business growth. He also emphasized the government’s commitment to supporting investors and providing a conducive business environment.
U.S. Deputy Treasury Secretary, Wally Adeyemo, who recently visited Nigeria, commended the reforms implemented by President Tinubu, particularly during his tenure as Governor of Lagos State. He noted that Nigeria is becoming a new frontier for investment, and the U.S. will encourage its companies to explore opportunities in the country.
The American Business Council President, Sops Ideriah, expressed confidence in Nigeria’s economic potential and praised President Tinubu’s administration for improving the ease of doing business and promoting investment.
Acting Chairman of the Federal Inland Revenue Service (FIRS), Zacch Adedeji, assured American business leaders that the tax authority under President Tinubu’s leadership will focus on efficient and transparent tax processes that support businesses.
President Tinubu’s visit to NASDAQ and the Nigeria-U.S. Executive Business Roundtable showcased Nigeria’s commitment to attracting FDI and strengthening economic ties with the United States. The President’s proactive engagement with U.S. business leaders and government officials aims to boost investor confidence and promote economic growth in Nigeria.
