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The growth and development of the nation’s economy are something good for both Nigerian and American businesses and the United States will continue to support Africa’s largest economy in finding new avenues for growth,Consul General,John Bray, has said.
Bray said this on Monday during the Closing Gong Ceremony of the Nigerian Stock Exchange (NSE) where he went to “learn firsthand” how the NSE is operated and hear about Nigeria’s “successes and challenges in this exciting economy.”
The U.S Government maintains a limited number of Bi-National Commission (BNC) relationships with nations to demonstrate “a high degree of friendship, trust, and cooperation” and Nigeria is one of those nations, Bray said further.
According to a statement from the U.S. Consulate in Nigeria, the Consul General was at the floor of the NSE to express the U.S. government’s deep commitment to Nigeria’s private sector and economic growth.
“This is a clear message that the United States (both the Government and the private sector) is committed to supporting Nigeria as it continues to find new avenues of economic growth and development. The more Nigeria’s economy grows, the better it is for both Nigerian and American businesses,”Bray said.
He noted that open and transparent financial exchanges are an example of a society’s broader commitment to the rule of law and sanctity of contracts and applauded leaders of the NSE for “tireless efforts in meeting the needs of the Nigerian investor community and playing a critical role in Nigeria’s economic growth.”
Bray, therefore,expressed optimism about the future growth of the Nigerian Stock Exchange as he noted 2017 “was a very successful year as the NSE was ranked amongst the top five performers.”
He said projections indicate that 2018 will be an equally successful year, adding,“let’s hope that’s the case, for the growth of the NSE means more private capital in the local market for business expansion and new business start-ups.”
