Niger: I Continue To Hold ECOWAS Back From Deploying Military – Tinubu

The President noted that American-backed development finance and multilateral institutions, which were designed to support war-torn Europe after World War II, require swift and comprehensive reform to meet the developmental requirements of younger democracies in Africa, which operate in authoritarian-crowded environments.

He said, “Yes, the private sector will lead the way within an enabling environment we create for them, but the U.S. Government must be innovative in its thinking and systematically create incentives for the U.S. industrial investment in Nigeria. Under my leadership, Nigeria stands ready to address its specific regulatory, tax, and environmental concerns. I am determined to create prosperity for all Nigerian families.”

The US president also invited Tinubu to meet on the sidelines of the United Nations General Assembly in New York City to advance discussions further in late September.

Phee said, “We know there is more we can do to incentivize large-scale American investment in Nigeria and we are committed to working closely with you to achieve that, as part of efforts to strengthen the Nigerian economy and the regional economy. We appreciate your willingness to create an enabling environment for that. President Joe Biden is asking to meet with you on the sidelines of UNGA and you are the only African leader he has requested to meet. It is a mark of his high regard for your leadership.”

The President concluded that he had accepted the invitation to meet Biden on the sidelines of the UN General Assembly and that the work of perfecting democracy is never done, even in developed democracies, as seen recently in America, as well as other emerging democracies in the world.