American businesses are increasingly wary of investing in Nigeria due to complex regulations, policy unpredictability, and trade barriers, according to U.S. Ambassador to Nigeria, Richard Mills.
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Speaking in Lagos on Thursday during a fireside chat, Mills raised concerns that Nigeria’s current business environment poses significant risks for U.S. investors, even as Washington shifts its focus from aid to commerce in Africa through its newly announced “Commercial Diplomacy Strategy for Sub-Saharan Africa.”
The strategy seeks to recast African countries as equal trade and investment partners.….KINDLY READ THE FULL STORY HERE▶
