North America

US Firm Seeks Partnership from Nigeria FG on Infrastructure Devt

 President Goodluck JonathanAcrow Corporation of America, a firm based in the United States Thursday disclosed plans to collaborate with the Federal Government in infrastructural development in Nigeria.

The Director of International Development, Acrow Corporation, Mr. Paul Sullivan, who was part of a US trade delegation in Nigeria, revealed this at a media briefing in Lagos.
Specifically, Sullivan who said the delegation met with the President Goodluck Jonathan, Minister of Works and some other ministers earlier this week said that his firm planned to deploy bridges across the country.

He explained: “We have outlined a comprehensive bridge development programme to directly address the infrastructural deficit in Nigeria and a lot of African countries. What that means is that we try to present a package that includes a large quantity of bridges and we arrange the financing in the international capital market.

“This will be supported by the Export-Import Bank of the United States. We will carry out extensive training of local engineers and contractors for the assembly and maintenance of these bridges. Bridges are critical for connecting communities, to boost commerce and can really transform lives.”

Sullivan maintained that the project would also lead to transfer of skills in the country, even as he listed Ghana and Angola among countries that had benefitted from the programme.
Earlier, the Executive Vice President, Overseas Private Investment Corporation (OPIC), Ms. Mimi Alemayehou, declared that since the Obama administration, OPIC had committed about $600 million to Nigeria.

She also disclosed that OPIC committed $250 million loan to a fertiliser facility in Edo State to support local fertilisers to boost farm yields as at December last year.

“We see tremendous opportunities in Nigeria and that is why we are on this trade mission. I strongly believe that with the reforms taking place in Nigeria, with the privatisation in the power sector, as a government (United States), we have a lot of role to play. Nigeria is a very important market for the US. It is an important strategic partner for the US. OPIC has been here since 1976 and we are committed to supporting private sector investments in Nigeria,” Alemayehou added.

On his part, the Vice President, Corporate Council of Africa, Ambassador Robert Perry, insisted that the partnership between Nigeria and the US would create network of opportunities and build more trade investments between both countries.

Also, the President, Nationwide Group, US, Mr. Ed Kostenski, stressed the need for policy makers in Nigeria to continue to create awareness on the opportunities in the country.

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