Nigeria is being considered to key into the new United States International Development Finance Corporation (USIDFC), which provides $60 billion for investments in developing nations.
President Muhammadu Buhari, yesterday, October 30, began a discussion with US Treasury Secretary, Steven Mnuchin in Riyadh.
Speaking at the meeting held on the margins of the Future Investment Initiative (FII) forum, President Buhari said Nigeria will leverage on the US facility to address current challenges confronting its power sector as well as general upgrade of infrastructure.
The President thanked the US government for supporting Nigeria’s anti-terrorism efforts.
The President and Mnuchin also discussed areas of strengthening Nigeria’s ongoing collaboration with the United States on stopping terrorist financing.
Mnuchin was accompanied by Brent Macintosh, Under Secretary of the Treasury for International Affairs and Marshall Billingslea, Assistant Secretary for Terrorist Financing in the United States Treasury Department.
The Treasury Secretary used the occasion to introduce Macintosh who was recently promoted Under Secretary for International Affairs by President Trump after the previous Under Secretary David Malpass was elected President of the World Bank.
The Nigerian leader congratulated Macintosh on his elevation and requested for his continued support to Nigeria especially in accessing the $60 billion infrastructure fund under the USIDFC.