A statement issued by Mr. Stanley Nkwocha, the spokesperson for Vice-President Kashim Shettima, informed that the decision was made known by Ms. Nisha Biswal, Deputy Chief Executive Officer of the U.S. International Development Finance Corporation.
Ms. Biswal, who spoke at a US-Nigeria Executive Business Roundtable hosted by the US Chamber of Commerce, as part of the ongoing 79th Session of the United Nations, explained that, with a portfolio of one billion dollars, the chamber would invest 200 million dollars in mortgage refinancing in Nigeria.
Additionally, the sum of 100 million dollars has been earmarked for FCMB to finance SMEs in Nigeria, with particular interest in women’s empowerment, and 20 million dollars has been approved for a firm, Robust International, for cashew nut processing in Nigeria.
She emphasised that the American Chamber remains committed to working with Nigerians in developing and pursuing sustainable economic policies.
In response, Vice-President Kashim Shettima, who is leading the Nigerian delegation at the ongoing United Nations General Assembly, reiterated President Bola Tinubu’s commitment to investor-friendly policies.
The Vice-President is expected to deliver President Tinubu’s national statement at the General Debate of the UNGA and meet with the Secretary-General of the United Nations.
