How U.S. election outcome may impact ties with Nigeria

As the U.S. Republican Candidate Donald Trump announces his decision not to participate in another presidential debate against Kamala Harris, the question arises - how will the outcome of the U.S. election impact Nigeria and Africa as a whole? Adebola Williams, Former President of the Nigerian-American Chamber of Commerce, sheds light on the diplomatic ties and potential changes in business opportunities between the two nations. During the interview with CNBC Africa, Williams reflects on the foreign policy and diplomatic relations between the U.S. and Nigeria during the tenure of former President Donald Trump. While Trump's focus was on 'America first,' Williams describes the relationship as good, with initiatives like AGOA and USAID running smoothly. However, he notes that immigration policies did pose challenges, particularly the travel ban imposed on Nigeria. Looking ahead to the possibility of Kamala Harris becoming the President, Williams anticipates a continuation of Joe Biden's policies with a touch of more empathy. He expects a similar or even enhanced engagement with Africa, emphasizing the importance of human relations in diplomatic dealings. Regarding potential areas for improvement in U.S.-Nigeria relations, Williams highlights the youth population in Nigeria as a key focus. He stresses the need for increased engagement and partnerships with American businesses to leverage the intelligence and capabilities of the Nigerian youth. Williams also underscores the importance of facilitating trade missions and bilateral meetings to enhance collaboration between local and international businessmen. Williams acknowledges that there may be a perception issue in the business environment, where American investors may feel hesitant due to concerns about an equal partnership. He suggests promoting a more balanced and mutually beneficial approach to attract foreign direct investment. Additionally, he emphasizes the importance of improving the ease of doing business in Nigeria to encourage more investors to participate in the market. In conclusion, Williams emphasizes the criticality of creating a conducive environment for foreign businessmen and investors to engage with Nigeria. By fostering stronger partnerships, enhancing trade opportunities, and improving the ease of doing business, both countries can benefit from a mutually advantageous relationship. As the U.S. election unfolds, Nigeria stands poised to navigate potential changes and embrace new prospects for growth and collaboration in the international arena.