• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Friday, August 8, 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

‎Obi’s One-Term Proposal, a gambit to grab power at all costs -Group ‎

National Single Window initiative, a major step for efficient cross-border trade – TMSG

‎Group celebrates 45% increase in federal revenue in just one month

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

Obi, PDP candidate advises Buhari to increase tempo
Economy/Technology

‎Obi’s One-Term Proposal, a gambit to grab power at all costs -Group ‎

August 7, 2025
Importers face delays, higher costs on Red Sea woes
Economy/Technology

National Single Window initiative, a major step for efficient cross-border trade – TMSG

August 4, 2025
Chatham House stance on Nigeria’s economy, a non-biased assessment of  reforms
Economy/Technology

‎Group celebrates 45% increase in federal revenue in just one month

July 28, 2025
POLICY STATEMENT 027 BY THE INDEPENDENT MEDIA AND POLICY INITIATIVE (IMPI)
Economy/Technology

Alleged Wasteful Turn Around Maintenance (TAM) of Refineries: Setting the records straight

July 25, 2025
Dangote Fertilizer in gas supply deal
Economy/Technology

IMPI seeks forensic audit of refineries from 2000 to 2023 ‎ ‎

July 25, 2025
Nigeria’s Dangote refinery will cut Africa’s petrol import by 36%
Economy/Technology

‎ADC erred, APC administrations never spent $18bn on refineries-IMPI ‎

July 25, 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

BOI wins award for $1bn syndicated term loan facility

BoI, LBS drum support for entrepreneurship development

October 31, 2022
Flour millers to establish wheat procurement centres in 15 states

Potato Forum urges Nigeria to rely less on wheat

July 18, 2022
U.S. bans export of smartphones valued at more than $300 to Russia, Belarus

NIN-SIM linkage final deadline

August 29, 2024

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

  • ‎Obi’s One-Term Proposal, a gambit to grab power at all costs -Group ‎
  • National Single Window initiative, a major step for efficient cross-border trade – TMSG
  • ‎Group celebrates 45% increase in federal revenue in just one month

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