Nigeria Business & Investment Luncheon: A Catalyst for Economic Growth & Transformation

On Wednesday, September 20, 2023, the Corporate Council on Africa (CCA) hosted the “Nigeria Business and Investment Luncheon” in New York City on the sidelines of the 78th United Nations General Assembly. The event brought together high-level government and business leaders to discuss opportunities for collaboration and investment in Nigeria.The luncheon was opened by Florizelle Liser, President and CEO of the CCA, who welcomed the distinguished panel of speakers, including:H.M. Dr. Doris Uzoka-Anite, Minister of Industry, Trade and Investment, NigeriaH.E. Mohammed Badaru Abubakar, Minister of Defense, NigeriaHeineken Lokpobiri, Minister of State Petroleum, NigeriaJohn Coumantaros, Chairman, Flour Mills NigeriaJohn Olajide, Chairman and CEO, Cavista Holdings and AxxessThe panelists engaged in a lively and informative discussion on a range of critical topics, including food security, job creation, and private-sector engagement.John Coumantaros highlighted the importance of technology and data in the agricultural sector, given that 40% of Nigeria's GDP relies on it. He also emphasized the need for investment in infrastructure and irrigation to support Nigeria's growing population.John Olajide stressed the urgency of job creation and investment opportunities in Nigeria. He noted that Nigeria's young population is a valuable asset, but it needs to be supported with education and training to reach its full potential.The panelists also welcomed sponsors to the floor to share their perspectives on investing in Nigeria. Ayotade Oyinlola, representing Nigeria-born telecommunications company IHS Towers, encouraged public-private sector collaboration to accelerate Nigeria's economic development. Temitope Iluyemi of Procter & Gamble expressed their investment in the Nigerian economy and called for effective communication of the benefits to the community. Julie Zoller, on behalf of Amazon's Project Kuiper, shared their mission and commitment to connectivity and development in Nigeria, while Robert Thompson shared VISA’s dedication to increasing access to payment systems across Nigeria.H.E. Dr. Doris Uzoka-Anite concluded the luncheon with a resounding commitment to creating an enabling environment for businesses to thrive in Nigeria. She emphasized the government's dedication to job creation, community impact, and support for SMEs.The Nigeria Business and Investment Luncheon showcased the harmonious synergy between the Government of Nigeria and the U.S. business community in shaping Nigeria's prosperous future. The event generated significant interest from potential investors and highlighted the numerous opportunities that Nigeria offers.