Nigeria, US Trade Volume Hits $11.2bn

December 19, 2024
Acting U S Consul General JoEllen Gorg (middle) with Nigerian awardees during the Networking with the USA (NUSA) Event in Lagos

Trade volume between Nigeria and the United States reached $11.2 billion in 2023, up from $10.4 billion the prior year.

US. Ambassador to Nigeria Richard Mills, Jr, made this known during his welcome remarks at a US. Commercial Service Nigeria event in Lagos.

Join our WhatsApp Channel

The event led by Commercial Counselor, Julie LeBlanc, and Commercial Attaché Blake Murray, hosted over 450 Nigerian companies for the Networking with the USA (NUSA) Awards and Business Networking Event at the Civic Center in Lagos.

A statement from the US Consulate Press Office said the NUSA Appreciation Event was organized to honor Nigerian business owners who promote U.S. products and services and who have contributed significantly to the achievement of the goals and objectives of the U.S. Commercial Service in Nigeria – expansion of trade and investment between the United States and Nigeria.

Nigeria, US Trade Volume Reaches $11.2bn
Acting US Consul General JoEllen Gorg delivering remarks at the event

In his remarks, Ambassador Mills highlighted the robust U.S.-Nigeria trade and investment relationship.

The Envoy applauded the Nigerian companies for being vital contributors in strengthening a strong economic relationship that continues to grow.

Acting U.S. Consul General, JoEllen Gorg, who delivered the keynote address at the event, underscored the important contributions Nigerian companies are making to deepen the bilateral commercial relationship noting, “the United States and Nigeria share a strong commercial relationship, and our NUSA network stands as a testament to our commitment to strengthening these ties and fostering economic growth,” JoEllen Gorg stated.

The attendees had reviewed 2024 NUSA activities. Highlights of the year included leading 10 official Nigerian trade show delegations to the United States, 20 trade events that brought U.S. companies to Nigeria’s doorstep in Lagos and Abuja, and over 7,000 b2b meetings facilitated by the U.S.

Commercial Service, among other high-visibility events. These activities demonstrated the real impact NUSA members contribute to both economies. The attendees also heard from two NUSA members and a U.S. company about how their relationship with the U.S. Commercial Service and attendance at trade shows and other events have had a lasting and profound impact on their businesses.

READ ALSO: Why Nigerians Must Drop Cultural Preference For Foreign Goods – Fed Govt

The U.S. Commercial Service is the trade promotion arm of the U.S. Department of Commerce’s International Trade Administration. Its office in Nigeria, Commercial Service Nigeria, has the primary objective of opening market opportunities for U.S. and Nigerian businesses.

victor ezeja
Correspondent at  | + posts

Victor Ezeja is a passionate journalist with seven years of experience writing on economy, politics and energy. He holds a Master's degree in Mass Communication.

Victor Ezeja

Victor Ezeja is a passionate journalist with seven years of experience writing on economy, politics and energy. He holds a Master's degree in Mass Communication.

Seyi Makinde
Previous Story

Oyo Govt Probes Death Of 32 Children In Ibadan Stampede

‘NCDMB’s Essay Competition Poised To Lift Nigeria’s Education Standards’
Next Story

‘NCDMB’s Essay Competition Poised To Lift Nigeria’s Education Standards’

Featured Stories

Latest from News

Kenya Bolsters Lamu Security as Dangote Refinery Project Advances

Written by Amanze Chinonye Kenya’s military has called for heightened vigilance to protect strategic infrastructure in coastal Lamu as a proposed $16 billion refinery by Nigerian industrialist Aliko Dangote advances, following a court ruling that lifted an interim restriction on the project while

Somaliland Welcomes Trump Remarks as U.S. Recognition Remains Uncertain

Written by Amanze Chinonye Somaliland has renewed its campaign for international recognition after U.S. President Donald Trump described the territory as a “totally different country” from Somalia, prompting celebrations in its capital but no indication of a change in Washington’s diplomatic policy. Join

Ruto Signs Laws Extending Fuel VAT Relief, Reshaping KRA Board

Written by Amanze Chinonye Kenyan President William Ruto has signed legislation extending reduced value-added tax (VAT) on fuel for 90 days, revising taxes on selected construction materials and changing the governance and funding arrangements of the Kenya Revenue Authority (KRA), Prime Business Africa

China, North Korea Open Long-Delayed Bridge to Facilitate Trade

Written by Amanze Chinonye China and North Korea opened a long-delayed border bridge on Thursday, October 15, 2026 establishing an additional road link between the neighbours as they seek to strengthen trade and economic cooperation. Join our WhatsApp Channel The 3-km (1.9-mile) New
Seyi Makinde
Previous Story

Oyo Govt Probes Death Of 32 Children In Ibadan Stampede

‘NCDMB’s Essay Competition Poised To Lift Nigeria’s Education Standards’
Next Story

‘NCDMB’s Essay Competition Poised To Lift Nigeria’s Education Standards’

Don't Miss

Microplastics Could Be Potential Health Risks

Microplastics Could Be Potential Health Risks

Plastics due to its versatility of use are popular throughout
California Wildfire: Major Health Risks of Toxic Chemicals to Residents

California Wildfires: Major Health Risks of Toxic Chemicals to Residents

Raging California wildfires have wreaked havoc across Los Angeles, with