Nigeria’s participation at the 79th United Nations General Assembly (UNGA) has yielded its first success, with the US Chamber of Commerce committing around $320 million to support President Bola Tinubu’s administration. This investment will focus on mortgage refinancing and women empowerment.
Vice President Kashim Shettima, leading Nigeria’s delegation, met with other members to strategize Nigeria’s engagements in New York. At a US-Nigeria Executive Business Roundtable, the American International Development Finance Corporation announced investments in mortgage refinancing ($200 million) and SME financing ($100 million), particularly for women empowerment.
Vice President Shettima assured investors of President Tinubu’s commitment to investor-friendly policies. He highlighted the administration’s achievements, including removing fuel subsidies and unifying foreign exchange markets.
During the UNGA, Vice President Shettima will deliver President Tinubu’s national statement, meet with the UN Secretary General, and engage with various heads of states, international organizations, and multinational companies.
