Bank provides $1.5 billion loan to American investors in Nigeria

Channels Television  
Updated July 25, 2012

The Export-Import (EXIM) Bank of the United States has made available $1.5 billion as loans for American businesses interested in investing in Nigeria.

Project Director of the Tricontinental Group (USA) Mr. Funsho Abiri said this in Abuja at a news conference on the Nigeria-America business investments.

He said only about $300m of the loan has been utilized which shows the need for more investors into the Nigerian economy and there is now a deliberate policy by the American government to provide a soft landing for its firms who are interested in Nigeria as the business climates in Europe and North America are already saturated.

He called on state governors and key players in the economic scene to partner with the foreign ministry in seizing opportunities for foreign investment such as this.