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

Nigeria, US Trade Volume Hits $11.2bn

December 19, 2024
1 min read

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.

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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.

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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.

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