ACIOE ASSOCIATES, CORPORATE COUNCIL ON AFRICA DISCUSSES INVESTMENT PLANS WITH THE VICE PRESIDENT OF NIGERIA
Abuja: January 22, 2016
…Vice President Osinbajo to deliver keynote address at the US-Africa Business Summit in Addis Ababa
As part of the efforts to promote the trade relationship between the United States and Nigeria, the Corporate Council on Africa, the premier American organization devoted to U.S.-Africa business relations, and its members including Procter & Gamble, IBM, Symbion Power, Citi Group, Phillips consulting and US Embassy Economic team paid a courtesy visit to the Vice President of Nigeria in Abuja last week.
During the courtesy visit, the delegates of the Corporate Council on Africa (CCA), led by its West Africa Lead, Ekenem Isichei, stated that Nigeria is a priority country for CCA members and the organization has worked to promote U.S.-Nigeria trade and investment for over a decade. He briefed the Vice President on the recent activities of the CCA in Nigeria, which included recent ministerial visits to the Ministers of Information, Aviation, Transportation, Trade Industry and Investment, and Interior. He also spoke about CCA’s recent acquisition of the African Travel Association and the upcoming U.S Africa Summit in Ethiopia from the 1st to the 4th of February.
It is important to note that the Vice President will be delivering the keynote address at the upcoming US – Africa Business Summit in Addis Ababa next week, which would have in attendance, heads of state of different countries, key influencers across Africa and over 1000 private sector representatives.
Mr. George Nassar, the Managing Director of Procter & Gamble (P&G) Nigeria, a member company of the CCA, stated that his company has invested over 300 million Dollars and created over 5,000 direct and indirect jobs through its manufacturing facilities in Nigeria. He added that his company currently produces over 80% of its products in Nigeria and is interested in making Nigeria its exporting hub for West Africa, while also expanding its business operations in Nigeria.
While receiving the delegates from the CCA, the Vice President of Nigeria, His Excellency Yemi Osinbajo, commended the delegation on the visit and stated that the present administration is very much interested in the initiatives of the CCA, especially those that would provide very effective solutions for the country within a short period of time.
“One of the most important goals of this administration is to create an enabling environment for businesses to thrive and the government is looking at a proper import substitution regime for the business environment,” said the Vice President. He added that CCA’s excellent initiatives would be beneficial to the administration.
Other members of the delegation also shared their investment plans and called for more favorable economic policies. CCA is the premier American organization devoted to U.S.-Africa business relations and includes as members more than 180 companies, which represent nearly 85 percent of total U.S. private sector investments in Africa
The Corporate Council on Africa (CCA) is a nonprofit, membership-based organization established in 1993 to promote business and investment between the United States and the nations of Africa. CCA is the premier American organization devoted to U.S.-Africa business relations and includes as members more than 160 companies, which represent nearly 85 percent of total U.S. private sector investments in Africa. CCA’s members range from US smallest to largest corporations. They represent a diverse pool of industries from Africa’s most promising sectors, including agribusiness, capacity building, energy, finance, health, ICT, infrastructure and security…Read more