HomeCover StoriesU.S. to invest $600m for private investments, infrastructure in Africa

U.S. to invest $600m for private investments, infrastructure in Africa

Date:

Related stories

NPFL: Pillars beat Sunshine Stars 5-1 in Kano

Kano Pillars Football Club on Sunday thrashed Sunshine Stars...

Fire razes FCT state minister’s residence

The private residence of the Minister of State for...

Hisbah confiscates beer truck carrying 7,620 bottles

Personnel of the Kano State Hisbah Board have seized...

Why we lifted sanctions on Niger, Mali, Burkina Faso – ECOWAS

The Economic Community of West African State​s (ECOWAS) says the...

The U.S. says it is set to invest $600 million in private investments and infrastructure in Africa as partnership towards deepening global alliance.

David Greene, Chargé d’Affaires of the U.S. Embassy in Nigeria, disclosed this to the News Agency of Nigeria (NAN) on Sunday in Abuja.

The envoy spoke while fielding questions in view of the growing moves by countries to form global alliance towards introduction of new economic trade separate from the western systems.

According to him,  every country has right to choose who it has relations with and what other organisations, multilateral groups it associates with, saying each state has sovereign rights to do that.

Also read: Another fake US soldier jailed in Kaduna

“We believe that any multilateral gathering should be advancing the clearly articulated principle of the UN chatter with regard to territorial integrity and respect for sovereignty.

“Any multilateral group should take seriously the obligation to try and advance the principles and  articulated universal declaration of human rights to improve the functioning of individual state or lead to greater success of any country, any multilateral group, in terms of meeting the aspirations of its people.

“So, the U.S. truly believes in multilateralism and whether Nigeria does not join the BRICS, that is a decision for Nigeria.”

He said the U.S. President, Joe Biden, had at several public functions reiterated his administration’s resolve to deepen its alliance with Africa.

He explained that the U.S. would do more to advance U.S.-Africa ties, U.S.-Nigeria ties and global ties.

Greene further described global alliance as “the ability of countries that want to partner to advance their development and success in line with their aspirations.

“We believe that it is true that alliances and coalitions are international relations that can really help move the world forward in a better direction with regards to our engagement in Africa.

“The BRICS are not a factor in that regard, we have established a strong strategic people-to-people ties across the continent.

“We have strongly been good since then and our commitment to deepen economic engagement are in particular, to advance and promote African voices on a global stage.

“We rallied the G-20 to include the African Union, the most recent G-20 meeting in India; we are working with partners to unlock the $200 billion in World Bank and IMF resources to address the kind of challenges that we all face.

“We are working to unlock the $600 million, hopefully in private investments and infrastructure in the next couple of years, as part of our global partnership for infrastructure global investment.,” he said.  

NAN

spot_img

Subscribe To Our Newsletter

To be updated with all the latest news, offers and special announcements.

232,000FansLike
4,567FollowersFollow
13,876FollowersFollow
10,000FollowersFollow
5,453SubscribersSubscribe

Latest stories

LEAVE A REPLY

Please enter your comment!
Please enter your name here

You cannot copy content of this page