U.S. secretary of commerce Gina Raimondo and Nigeria’s minister of investment, trade, and industry, Dr. Doris Nkiruka Uzoka-Anite, signed the MOU to launch the U.S.-Nigeria Commercial and Investment Partnership.

The US and Nigeria have signed a memorandum of understanding to enhance data security and Artificial Intelligence (AI) innovation.

Gina Raimondo, the US commerce secretary, and Dr. Doris Nkiruka Uzoka-Anite, Nigeria's minister of investment, trade, and industry, signed the agreement to establish the US-Nigeria Commercial and Investment Partnership.

The US secretary of commerce and Nigerian minister of communications, innovation, and digital economy Olatunbosun Tijani also affirmed their shared goals of developing the digital economy, supporting innovation, and growing digital trade and investment between Nigeria and the US.

The two underscored the potential benefits of the digital economy, such as economic growth, job creation, and the promotion of an inclusive, equitable, ethical, and sustainable digital future forr citizens and the global community.

Raimondo and Tijani also recognised AI's potential to transform economies and societies across many sectors, as well as the significance of harnessing AI's power for good while reducing its risks.

Both parties stressed the importance of implementing the recent United Nations General Assembly resolution on "Seizing the Opportunities of Safe, Secure, and Trustworthy Artificial Intelligence Systems for Sustainable Development" (A/78/L.49), as well as the role that trusted and secure information and communications technology, data privacy, data protection, and cross-border data transfers play in the development of critical and emerging technologies such as AI.

They also indicated their commitment to working together to create interoperable privacy frameworks and facilitate trustworthy cross-border data flows that are in accordance with domestic law, privacy, and civil rights.