{"id":70220,"date":"2019-10-31T20:01:28","date_gmt":"2019-10-31T19:01:28","guid":{"rendered":"http:\/\/pointblanknews.com\/pbn\/?p=70220"},"modified":"2019-10-31T20:01:28","modified_gmt":"2019-10-31T19:01:28","slug":"in-riyadh-nigeria-u-s-discuss-infrastructure-financing","status":"publish","type":"post","link":"https:\/\/pointblanknews.com\/pbn\/other-news\/in-riyadh-nigeria-u-s-discuss-infrastructure-financing\/","title":{"rendered":"IN RIYADH, NIGERIA, U.S. DISCUSS INFRASTRUCTURE FINANCING"},"content":{"rendered":"
\n
\n
\n

President Muhammadu Buhari has expressed the willingness of the Nigerian
\ngovernment to mobilize additional capital from development finance
\ninstitutions for the upgrade of critical infrastructure in the country.<\/p>\n

The President met with U.S Treasury Secretary, Steven Mnuchin in Riyadh
\non Wednesday and they had positive discussions on investments in Nigeria
\nunder the new United States International Development Finance
\nCorporation (USIDFC), which provides $60 billion for investments in
\ndeveloping nations.<\/p>\n

Speaking at the meeting held on the margins of the Future Investment
\nInitiative (FII) forum, President Buhari said Nigeria will leverage on
\nthe U.S facility to address current challenges confronting her power
\nsector as well as general upgrade of infrastructure.<\/p>\n

The President thanked the U.S government for supporting Nigeria’s
\nanti-terrorism efforts.<\/p>\n

The President and Mnuchin also discussed areas of strengthening
\nNigeria’s ongoing collaboration with the United States on stopping
\nterrorist financing.<\/p>\n

Mnuchin was accompanied by Brent Macintosh, Under Secretary of the
\nTreasury for International Affairs and Marshall Billingslea, Assistant
\nSecretary for Terrorist Financing in the United States Treasury
\nDepartment.<\/p>\n

The Treasury Secretary used the occasion to introduce Macintosh who was
\nrecently promoted Under Secretary for International Affairs by President
\nTrump after the previous Under Secretary, David Malpass, was elected
\nPresident of the World Bank.<\/p>\n

The Nigerian leader congratulated Macintosh on his elevation and
\nrequested for his continued support to Nigeria especially in accessing
\nthe $60 billion infrastructure fund under the USIDFC.<\/p><\/div>\n<\/div>\n

<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

President Muhammadu Buhari has expressed the willingness of the Nigerian government to mobilize additional capital from development finance institutions for the upgrade of critical infrastructure in the country. 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