Buhari Meets with U.N Treasury Secretary on Infrastructures

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President Muhammadu Buhari met with the U.S Treasury Secretary, Steven Mnuchin in Riyadh on Wednesday at a meeting held on the margins of the Future Investment Initiative (FII) in Riyadh, Saudi Arabia.

According to reports, the President and the U.S Treasury Secretary had discussions on investments in Nigeria under the new United States International Development Finance Corporation (USIDFC), which provides $60 billion for investments in developing nations.

Buhari speaking said that Nigeria will leverage on the U.S facility to address current challenges confronting her power sector as well as general upgrade of infrastructure while expressing the willingness of the Nigerian government to mobilize additional capital from development finance institutions for the upgrade of critical infrastructure in the country.

The President and Mnuchin also went on to discuss ways to strengthen Nigeria’s ongoing collaboration with the United States on stopping terrorist financing after which Buhari thanked the U.S government for supporting Nigeria’s anti-terrorism efforts.
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, in addition, 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 President congratulated Macintosh on his elevation and requested for his continued support to Nigeria especially in accessing the $60 billion infrastructure fund under the USIDFC.

President  Buhari was accompanied by Nigeria’s Minister of State, Petroleum Resources, Timipre Sylva and the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mele Kyari.