• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Friday, July 25, 2025
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home Economy/Technology

Nigeria to enjoy preferential trade access to U.S. market—envoy

Trade

The Matters Press by The Matters Press
May 30, 2022
Reading Time: 2 mins read
0
Global trade’ll grow to $30tn by 2030

The U.S. Ambassador to Nigeria, Mary Leonard, says Nigeria will continue to be eligible for preferential trade access to U.S. market under the African Growth and Opportunity Act (AGOA).

RELATED POSTS

ADC’s claim on refinery sale, horrendous half truth

‎No political undertone in Tinubu’s befitting honour for Buhari, TDF ‎

‎Stop scapegoating Tinubu, stick to ethics of internal democracy, Group tells ADC ‎

Leonard said this when she visited the Minister of Industry, Trade and Investment, Otunba Adeniyi Adebayo.

According to a statement issued on Sunday in Abuja by the minister’s Special Adviser on Media, Mr Ifedayo Sayo, Leonard said that Nigeria became eligible after a review of the criteria set by the US Congress under AGOA.

She said that the criteria for eligibility among other things included the establishment of a market-based economy, rule of law, political pluralism, right to due process, fair trial and equal protection under the law.

“Others are elimination of barriers to U.S. trade and investment, economic policies to reduce poverty, a system to combat corruption and bribery, and protection of internationally recognised workers’ rights,” she said.

Leonard emphasised that AGOA criteria also required the benefitting country to respect internationally recognised human rights.

According to her, during the AGOA eligibility review, the U.S. government noted the progress Nigeria made to diversify and strengthen the market-based economy.

The U.S. ambassador, however, expressed U.S. government’s concern on the availability and accessibility of U.S. firms to forex.

“This is particularly the ability to repatriate revenue and fulfil loan obligations in timely manner, child labour and respect for the rule of law,” she said.

In his response, Adebayo expressed happiness with the U.S. government’s report which allowed Nigeria to continue to enjoy preferential trade access to the U.S. market.

The minister said that the report was an affirmation of the progress the country was making to reposition the economy for better
performance.

He explained that the Federal Government had established the Presidential Enabling Business Environment Council (PEBEC) to improve the business environment.

He assured that the government would continue to deepen trade relations between the two countries.

Adebayo promised to convey the concerns of the U.S. government to the affected agencies of government.

Tags: Trade
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

Nigerian firms to handle $4b gas project
Economy/Technology

ADC’s claim on refinery sale, horrendous half truth

July 23, 2025
Tinubu inaugurates economic council
Energy

‎No political undertone in Tinubu’s befitting honour for Buhari, TDF ‎

July 23, 2025
Babangida Aliyu’s Exit from ADC, a testament to Coalition’s deceitful recruitment- Group
Economy/Technology

‎Stop scapegoating Tinubu, stick to ethics of internal democracy, Group tells ADC ‎

July 20, 2025
Befitting honour for former President Buhari commendable – TMSG
Economy/Technology

Group commends Tinubu’s exceptional honour to late President

July 20, 2025
Nigeria has not taken decision yet on fuel subsidy
Economy/Technology

Atiku still confused, repetitive over‎ Fuel Subsidy Withdrawal

July 19, 2025
Befitting honour for former President Buhari commendable – TMSG
Economy/Technology

Befitting honour for former President Buhari commendable – TMSG

July 17, 2025
Next Post
Nigeria gets AfDB’s $14m as member of ATI

AfDB implements impactful, life-transforming projects in Africa

Nigeria’s N225bn bonds oversubscribed

AfDB to develop Index Bond to address insecurity in Africa

Recommended Stories

Swiss Bank expects profit of $50bn

Israeli assets abroad reach $716bn in 2021

March 28, 2022

PDP incubated insecurity in Nigeria, but Tinubu on top of the situation – TDF

June 4, 2025
Experts validate Nigeria’s implementation strategies for success under AfCFTA

Mix reactions trail Supreme Court ruling on Cash Swap

March 4, 2023

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • ADC’s claim on refinery sale, horrendous half truth
  • ‎No political undertone in Tinubu’s befitting honour for Buhari, TDF ‎
  • ‎Stop scapegoating Tinubu, stick to ethics of internal democracy, Group tells ADC ‎

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2025 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2025 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us