• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Saturday, July 19, 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

Houston to invest in Nigeria’s Energy, oil and gas sectors

Houston

The Matters Press by The Matters Press
July 19, 2023
Reading Time: 2 mins read
0
Nigeria regains top crude oil production spot in Africa

Abuja, July 19, 2023: Houston, Texas, USA has expressed readiness to invest in the Nigeria’s energy, agriculture, technology and oil and gas sectors.

RELATED POSTS

Atiku still confused, repetitive over‎ Fuel Subsidy Withdrawal

Befitting honour for former President Buhari commendable – TMSG

17-member committee for burial of Buhari

Mr Sylvester Turner, the Mayor of Houston, Texas disclosed this on Tuesday in Abuja at a meeting with the Permanent Secretary, Ministry of Industry, Trade and Investment, Dr Evelyn Ngige.

Nigeria with a 30-man delegation went to explore areas of trade and other relations between Houston and the country.

Speaking at the event, Turner emphasised the need to build on the existing trade relations with Nigeria.

According to him, Houston as the energy capital of the world is reaching out beyond its borders for collaborations and relations,

“Where there is a strong relationship, everything else will follow. Energy specifically oil and gas are critical to Nigeria.

“Nigeria is a significant trading partner with the city of Houston to the tune of about 1.6 billion dollars as at 2022 but we know that can be much higher.

“Nigeria is also a leading economic player on the African continent but the business and investment relationships need to be significantly greater,’’ Turner said.

Turner also underscored the need to introduce a direct flight from Houston to Nigeria as part of measures to further improve trade relations with the country.

“It took us about 16 hours to get to Abuja; it was too long, meaning that we need more of a direct flight from Houston to Nigeria.

“Where there is a direct flight, it saves time and will improve on business and trade,’’ he said.

On her part, Ngige expressed Nigeria’s optimism to collaborate with Houston to reposition the nation’s trade and economic sector.

She described Nigeria as one of the United States trade partners over the years and restated the federal government’s determination to sustain the relationship.

She also reiterated the ministry’s determination to initiate and sustain programmes that would foster enabling business environment.

According to her, Nigeria is one of the US largest trading partners in sub-Saharan Africa.

“This relationship culminated into massive inflow of Foreign Direct Investment to Nigeria and there are Nigerian companies and professionals doing business in the USA.

“We hope to continue to strengthen our ties as Africa’s economic giant,’’ Ngige said.

She said the relationship between Nigeria and US stimulated the signing of Trade and Investment Framework Agreement (TIFA) in 2000 as instrument for coordination of bilateral economic activities between the two countries.

Tags: Houston
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

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
Buhari attends inauguration of Barrow of Gambia
Entertainment/sports

17-member committee for burial of Buhari

July 14, 2025
Lagos falls flat to APC
Economy/Technology

Lagos falls flat to APC

July 13, 2025
African intellectuals release letter to world, caution continent on selfness
Economy/Technology

Nigeria celebrates Soyinka at 91

July 13, 2025
China introduces new visa
Economy/Technology

Nigeria maintains issuance of 5-year visa to Americans

July 13, 2025
Next Post
Edo unveils plans for investment desks

Nigeria to develop economic policies to drive investment – Shettima

Economists Challenge IMF on call for further VAT increase in Nigeria

IMF approves $1bn loan for Kenya

Recommended Stories

Fair exhibitors adopt strategies to boost sales

Kaduna fair for improvement of trade, investment

February 28, 2022
Trading in Nigerian stock market dips further N83bn

NGX extends losing streak by N79bn

February 8, 2022
Moribund Port Harcourt refinery kicks off operation

NIGERIA’S 2024 GDP GROWTH OUTPERFORMS GLOBAL INSTITUTIONS AND EXPERTS’ PROJECTIONS

February 28, 2025

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

  • Atiku still confused, repetitive over‎ Fuel Subsidy Withdrawal
  • Befitting honour for former President Buhari commendable – TMSG
  • 17-member committee for burial of Buhari

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