NewsUS Plans $600m Private Investments In Africa

US Plans $600m Private Investments In Africa

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December 04, (THEWILL) – The United States is set to commit about $600 million in private investments and infrastructure in Africa as partnership towards deepening global alliance.

Chargé d’Affaires of the US Embassy in Nigeria, David Greene, disclosed this in Abuja on Sunday.

Greene said, the move is part of a global alliance for new economic trade.

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“We believe that any multilateral gathering, should be advancing the clearly articulated principle of the UN chatter, with regard to territorial integrity and respect for sovereignty.

“Any multilateral group should take seriously, the obligation to try and advance the principles and articulated universal declaration of human rights, to improve the functioning of individual state or lead to greater success of any country, any multilateral group, in terms of meeting the aspirations of its people.

“So, the US truly believes in multilateralism and whether Nigeria does not join the BRICS, that is a decision for Nigeria”, he said.

Greene said the US President, Joe Biden, had at several public functions reiterated his administration’s resolve to deepen its alliance with Africa.

He explained that the US, would do more to advance US-Africa ties, US-Nigeria ties and global ties.

Greene further described global alliance as, “the ability of countries that want to partner to advance their development and success in line with their aspirations.

“We believe that it is true that alliances and coalitions are international relations that can really help move the world forward in a better direction with regards to our engagement in Africa.

“The BRICS, are not a factor in that regard, we have established a strong strategic people-to-people ties across the continent.

“We have strongly been good since then and our commitment to deepen economic engagement are in particular, to advance and promote African voices on a global stage.

“We rallied the G-20 to include the African Union, the most recent G-20 meeting in India, we are working with partners to unlock the $200 billion in World Bank and IMF resources to address the kind of challenges that we all face.

“We are working to unlock the $600 million, hopefully in private investments and infrastructure in the next couple of years, as part of our global partnership for infrastructure global investment”, he said.

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