The stipulated tasks includes identifying and overcoming non-tariff barriers and investment constraints that hinder business growth.

U.S. Ambassador to Nigeria Richard M. Mills, Jr., who considers the CIP one of the top priorities of his tenure, emphasized the partnership’s role in fostering economic growth and creating opportunities that benefit citizens of both nations.

He described the CIP as a cornerstone of his diplomatic mission, reflecting the United States’ strong commitment to enhancing trade and investment ties with Nigeria.

Dr. Jumoke Oduwole highlighted the CIP’s importance as a tool for unlocking trade and investment potential, promoting regulatory reform, private sector engagement, innovation, and inclusive economic growth.

The partnership aims to accelerate job creation and develop actionable policy recommendations to address core challenges in the targeted sectors.

The CIP working groups, composed of members from both countries’ private sectors and government officials, have begun their work with a focus on actionable outcomes.

The next formal meeting is scheduled for Fall 2025, with progress assessments planned twice a year.

This initiative places Nigeria among only five African countries selected for such a strategic commercial and investment agreement with the United States.

It further underscores the importance of Nigeria as a key partner in the region and signals a new era of mutual prosperity driven by trade and investment rather than traditional aid.