What Happened
Washington Strengthens Economic Ties with Key West African Partner
The United States has reinstated and broadened a major export financing programme aimed at strengthening agricultural trade with Nigeria. Under the US Department of Agriculture’s Export Credit Guarantee Programme, Nigerian banks and importers can now access government-backed financing to purchase American agricultural products. The programme’s reactivation follows the restoration of eligibility for Nigerian financial institutions in late 2025, reopening a channel that had previously been restricted. This development was reported by Trendsnafrica.