The United States Chamber of Commerce has committed to investing $320 million in mortgage refinancing and Small and Medium Enterprises (SMEs) in Nigeria. This announcement was made during a US-Nigeria Executive Business Roundtable at the 79th session of the United Nations General Assembly.
According to Ms. Nisha Biswal, Deputy CEO of the U.S. International Development Finance Corporation, $200 million will be allocated for mortgage refinancing, while $100 million will be directed toward SME financing, focusing on women’s empowerment. Additionally, $20 million has been set aside for cashew nut processing by Robust International.
Vice-President Kashim Shettima, leading the Nigerian delegation, reaffirmed Nigeria’s commitment to investor-friendly policies under President Bola Tinubu’s administration.
