The United States Secretary of State John Kerry said that U.S will invest more than $600 million in Nigeria this year.
Kerry made this revelation while opening the ongoing US-Nigeria Binational Commission today.
Mr Kerry said: “Our development assistance this year will top $600 million, and we are working closely with your leaders – the leaders of your health ministry – to halt the misery that is spread by HIV/AIDS, by malaria, and by TB.
Our Power Africa Initiative is aimed at strengthening the energy sector, where shortage in electricity has frustrated the population and impeded growth. And our long-term food security programme, Feed the Future, is helping to create more efficient agriculture and to raise rural incomes in doing that.
Our Young African Leaders Programme, in which many Nigerians participate, is preparing the next generation to take the reins of responsibility and in education, we are working together to try to fight illiteracy, especially in the country’s north, where the lack of opportunity has been holding people back, and where the terrorist organisation, Boko Haram, has murdered thousands and disrupted the lives of millions.”
The two countries hold talks on numerous key areas: terrorism, economy, corruption, energy and investment, regional security, terrorism and education, entrepreneurship, agriculture, food security etc.
The United States is one of the largest foreign investors in Nigeria. Kerry meets Nigeria’s president, who has already arrived Washington DC, on Thursday on the sidelines of a two-day nuclear security summit in Washington involving leaders from more than 50 countries.