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Sunday, December 3, 2023

Tinubu makes history, becomes first ever African president to ring closing bell at NASDAQ

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President Bola Ahmed Tinubu has made history as he became the first-ever African President to ring the closing bell at the National Association of Securities Dealers Automated Quotations Stock Market (NASDAQ) headquarters in New York City, USA.

Tinubu, who is attending the ongoing 78th session of the United Nations General Assembly, was accompanied to the bell ceremony by the President of the U.S.-Africa Business Center (USAfBC) at the U.S. Chamber of Commerce, Scott Eisner.

The closing bell ceremony, held at the seven-storey tower of the Nasdaq headquarters in New York on Wednesday, September 20, 2023, signifies the end of a trading session.

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“I am happy to bring Nigeria to your doorsteps and honoured that we’re here today with a bubbling maket that will evolve the West African subregion,” Tinubu said.

“The greatest economy is Nigeria. There is an immense opportunity in Nigeria that you can invest your money without fear.”


The Nigerian leader cited the removal of “a lot of the bottlenecks”, including the fuel subsidy which he described as corrupt, adding that his administration had retooled the exchange rate to a “reliable, dependable one-figure floating of the exchange naira”.

“You are free to take in your money and bring out your money,” he continued. ” I count on you to invest in Nigeria.”

In his remarks, Scott Eisner, President of the US-Africa Business Center at the US Chamber of Commerce, highlighted how important Nigeria remains an important trading partner to the United States.

“Having all the stakeholders in the room, his excellency the President of Nigeria in there, from government to private to individualists in Nigeria. We are very positive about the potential of Nigeria and just reinforcing the existing economic opportunities,” Ideriah said.

Also, the US Deputy Secretary of Treasury, Wally Adeyemo, flew back into the United States following his trip to Nigeria and commended President Tinubu’s hard steps in ending the fuel subsidy.

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He cited that these steps would help increase investment in Nigeria and forge a stronger partnership with the United States.

On his part, Lagos State Governor Babajide Sanwo-Olu highlighted that the booming creative industry in Lagos will create a conducive environment for U.S. businesses to thrive.

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