Corruption and difficulty in repatriating capital amongst others are some of the reasons American entrepreneurs eager to invest in Nigeria are stalling, US Secretary of State Antony Blinken told journalists at Nigeria’s Aso Villa on Tuesday.
“American entrepreneurs and American companies are eager to partner with and invest in Nigeria’s economy, particularly in the tech sector… Nigeria offers real, clear, compelling opportunities for investors. At the same time, I think it is no secret that there remain some long-term challenges that need to be overcome…,” he said.
After meeting with President Bola Tinubu, Mr Blinken told journalists that to unlock Nigeria’s full potential and improve direct investment, the West African country must tackle corruption and make it easier for foreign companies to repatriate capital.
