Connect with us

National News

Ghana, Nigeria to invest in non-oil sector- Envoy

Published

on

Ghana, Nigeria to invest in non-oil sector- Envoy

Ghana, Nigeria to invest in non-oil sector- Envoy

By: Michael Mike

The Ghana High Commissioner to Nigeria, Ambassador Rashid Bawa on Thursday revealed plans by his country and Nigeria to partner in area of non-oil sector.

The Envoy stated this at the 2022 Ghana Nigeria Business Council CEO Forum in Abuja.

Bawa said the latest partnership between the two countries would extend to the agricultural sector such as cassava and ginger production.

He said: “This is the first Ghana Business Council Meeting. We are looking at various areas of cooperation. There have been series of meetings in the last few days. We are looking at the non-oil sector; in the area of cassava and ginger production.” 

 Bawa, while noting that the relationship between Nigeria and Ghana have been for ages, said: “It is difficult to put a finger on the number of Nigerians visiting Ghana for various reasons daily, and vice versa.”

He added that: “However, according to a report published by the US Department of Economic and Social Studies in 2019, there were more Ghanian residents in Nigeria than any other country in the world with 233,002 persons. This was followed by Ghanians living in UK and the US.”

The forum, which is historic according to him, is the first of its kind since the outbreak of the COVID-19 pandemic and the establishment of the African Continental Free Trade Area, AfCFTA.

He said: “The forum aims to encourage the private sector operatives of our two countries to pull resources together to be competitive when trading under AfCFTA,” insisting that: “We have the framework of ECOWAS protocol in the last fourty years to promote this kind of activities,” and then with the coming up of AfCFTA, “Ghana-Nigeria have the biggest economies in West Africa region, it is high time we formalize these engagements in order to take full advantage of the potentials between both countries.”

He said with this forum, there should be many more to come, for “we don’t want it to be a one-time forum. We want to sustain it. As we speak, the Nigeria Investment Promotion Council and Ghana Investment Promotion Council are working out arrangement in ways they will have annual meetings among themselves. 

“There will be coordination between Nigeria and Ghana businessmen. We believe that pretty soon, we are going to have certain collaboration that will be beneficial to both countries.”

Meanwhile, Ghanians CEOs have been urged to create platforms for Nigerians to connect with investments opportunities that can generate growth for economies of both Ghana and Nigeria and create a win-win situation for both countries.

The President, Abuja Chambers of Commerce and Industry, ACCI, Dr. Al-Mujtaba Abubakar in his opening remark at the 2022 Ghana Nigeria Business Council CEO Forum in Abuja urged Ghana to take advantage of the population of Nigeria as it presents a large consumer market for investors and traders.

He said: “In 2009, Nigeria net trade with Ghana in the export of metal was $2.1 billion, transportation $1.59 billion, mineral product $232 million. 

“In 2019, Ghana had a trade net with Nigeria in the export of footwear and headwear worth almost $105 million, foodstuffs worth $25million and chemical products worth over $11million dollars.

Abubakar who was represented by Dr. Aliyu Idi Hong, a former minister of state for health and later foreign affairs, who is the Vice President Communication, Strategy and External Relations of the ACCI, said the forum underscores the importance of the partnership between the countries over the years, urging that the forum should not just be a one off thing. 

Also Read: Report says 13.9% of teachers in Borno without any formal…

Abubakar commended the effort of ECOWAS and the governments of Nigeria and Ghana towards the quick intervention in resolving the crisis between the Nigerian and Ghanians traders in Ghana.

He said: “I think the intervention will go a long way in making sure that the relationship between the two countries and the vision of the ECOWAS to be quickly integrated.

“So it is highly commendable that the government of these countries have taken initiative towards solving this crisis.”

He however lamented that the forum was coming a little late for if had existed the crisis between Nigerian and Ghanaian businessmen would not have festered. He admitted though that it was rather late than never.

Ghana, Nigeria to invest in non-oil sector- Envo

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

National News

EU Declares Nigeria Matters to Us

Published

on

EU Declares Nigeria Matters to Us

… Reiterates Commitment to Strengthen Long Standing Partnership

By: Michael Mike

The Chairman of the European Parliament’s Committee on Foreign Affairs, David MacAllister on Monday declared the importance of Nigeria to the bloc, stating that Nigeria “matters” to us.

He also reiterated the bloc’s commitment to strengthening its long-standing partnership with Africa’s largest democracy, Nigeria.

MacAllister, who led a six-member European Parliament delegation on an official visit to Nigeria on Monday, after a meeting with the Nigeria’s Minister of Foreign Affairs, Ambassador Yusuf Tuggar disclosed that their mission to Nigeria was designed to deepen mutual understanding, explore new areas of collaboration, and reinforce political and economic ties between both sides.

He said: “We are a delegation of the European Parliament’s Foreign Affairs Committee, We are six members in total from five different countries, from three different political groups in the European Parliament. And this shows a cross-party interest in further deepening and strengthening the relations between the European Union and Nigeria.”

MacAllister while describing Nigeria as a strategic partner whose influence on the continent and beyond makes it an indispensable ally in shaping Africa–EU relations, said: “Nigeria is considered as a strategic partner for the European Union. “We have a long-lasting, good and close relationship based on shared values and also on joint interests.”

He noted that the visit was part of the Parliament’s tradition of engaging directly with partner nations to better understand their challenges and opportunities.

He said: “The European Parliament’s Foreign Affairs Committee travels with smaller delegations a few times a year to other parts of the world,” adding that: “We mainly travel to get to know better the countries, to understand better the challenges these countries are facing, and also the opportunities these countries have. And we are also there to very carefully listen.”

MacAllister while expressing appreciation to Nigeria’s Minister of Foreign Affairs for hosting the delegation, noted that their discussion was insightful and covered a broad range of regional and global issues.

He said: “It was a great honour for us to be received by the Honourable Minister. His Excellency took more than one and a half hours of his precious time to really go into detail with many, many questions we had as regards the further development of the African Union, the further development of ECOWAS, and the developments in all neighbouring countries of Nigeria.”

He said the dialogue also reflected a shared interest in understanding the trajectories of both regions, stating that: “The Minister was also very interested in finding out how the further developments of the European Union will look like.”

He said: “Because just like Nigeria, just like ECOWAS, we in the European Union, of course, are also facing enormous challenges.”

He reaffirmed that Nigeria remains a vital partner in Europe’s engagement with Africa, stating that: “To sum up in one sentence — Nigeria matters. Nigeria matters for us in the European Union, and we in the European

Parliament are very keen to deepen the strategic partnership with Nigeria. And this will be our message when we go back home to Brussels.”

Responding, Nigeria’s Minister of Foreign Affairs, Ambassador Yusuf Tuggar, welcomed the lawmakers to the Ministry of Foreign Affairs, describing the European Union as a critical partner in trade, security, and development.

He said: “Any visit from the European Union has to be considered very important because Europe still remains our largest trading partner,” adding that: “Figures may vary, but it is not less than 31.8 billion euros.”

He described Europe and Africa as “natural neighbours,” emphasizing that geography should unite rather than separate the two continents.

He said: “For those who understand a bit of Latin, ‘Mediterranean’ means ‘water in the middle of land. So where Europe is concerned in its relations to Africa, what we have is water in the middle of land—we are closer than we imagine.”

He noted that Nigeria’s partnership with the EU extends beyond trade, touching on regional stability, food security, and job creation.

Tuggar said: “President Bola Ahmed Tinubu emphasizes food security as his number one priority because we are a nation of 230 million people, expected to become 400 million by 2050. We are in a race against time to create jobs, feed our people, and ensure our population is healthy.”

He added that Nigeria’s recent inclusion as the 77th shareholder of the European Bank for Reconstruction and Development reflects its commitment to global economic cooperation.

He saud: “We have a lot of lessons to learn from the European Union, which itself is still integrating. It gives us hope and serves as a model that we seek to emulate. We will continue to strengthen our collaboration with the EU in all areas.”

Other members of the European Parliament delegation included Christophe Thomas (France), Jaliana Lefebvre (Croatia), Marta Emigo (Portugal), and Tim Kenan (Finland).

EU Declares Nigeria Matters to Us

Continue Reading

National News

PRESIDENT TINUBU CHANGES SERVICE CHIEFS

Published

on

PRESIDENT TINUBU CHANGES SERVICE CHIEFS

By: Our Reporter

President Bola Tinubu has made changes in the hierarchy of the Service Chiefs in furtherance of the efforts of the Federal Government of Nigeria to strengthen the national security architecture.

The President appointed General Olufemi Oluyede to replace General Christopher Musa as the new Chief of Defence Staff. The new Chief of Army Staff is Major-General W. Shaibu. Air Vice Marshall S.K Aneke is Chief of Air Staff while Rear Admiral I. Abbas is the new Chief of Naval Staff.

Chief of Defence Intelligence Major-General E.A.P Undiendeye retains his position.

The President, Commander-in-Chief of the Armed Forces, expresses most profound appreciation to the outgoing Chief of Defence Staff, General Christopher Musa and the other Service Chiefs for their patriotic service, and dedicated leadership.

The President charges the newly appointed Service Chiefs to justify the confidence reposed in them to further enhance the professionalism, vigilance and comradeship that define the Armed Forces of Nigeria.

All appointments take immediate effect.

PRESIDENT TINUBU CHANGES SERVICE CHIEFS

Continue Reading

National News

Nigeria-Germany Trade Volume Hits €3 billion – Envoy

Published

on

Nigeria-Germany Trade Volume Hits €3 billion – Envoy

By: Michael Mike

Nigeria-Germany trade volume has hit an all-time high of €3 billion, the German Ambassador to Nigeria, Annett Gunther said on Thursday

The envoy who addressed a press conference in Abuja said the 30% increase could be attributed to Nigeria’s economic recovery.

Gunther who called the press conference ahead of the joint Nigerian-German binational commission scheduled for Berlin, in German, noted that Nigeria remains “Germany’s second biggest trading partner in Sub-Saharan Africa with a total trade volume of 3 billion Euros,” adding that: “Trade volumes have increased this year by 30% due to Nigeria’s economic recovery.”

The envoy equally revealed that more than 90 German companies are active in the country, “indirectly creating about 17.000 jobs in Nigeria.”

Gunther also told journalists that good times between both countries were not over, promising Nigerians that more investments are on the way, especially in the energy and the pharmaceutical sectors.

She revealed that in the energy sector, the Presidential Power initiative is now in the second phase.

She said: “This cooperation with the German energy giant Siemens will add about 7 Gigawatts to Nigeria’s Energy Grid. Secondly, the German –Nigerian cooperation in the Gas sector, eliminating gas flaring and improving Nigeria´s CO2 footprint.”

The envoy revealed that the relationship has also improved in the area of Visa and Migration as no fewer than 7,600 visas were issued to both students and short term stay, adding that plans were already in place to increase the number.

Gunther said: “All the common goals and projects would not work if they were not supported by travels on all levels between our two countries, plus legal migration. Last year alone, the German Embassy here in Abuja and the German Consulate General in Lagos granted around 1400 long-term visas for purposes such as study in Germany, family reunion and employment as well as around 6200 visas for short-term stays such as business and tourism.

She revealed that: “This year, we are well on track to raise those numbers,” stating that:
“The German missions remain committed to furthering the bilateral relations by granting visas to properly documented applications.”

She also assured that in the area of military cooperation, Germany will continue to stand by Nigeria.

She said: “This year marked a new chapter: the launch of our first Bilateral Annual Programme, bringing military experts from both countries together for in-depth exchanges and joint planning.

“Through the Bundeswehr Advisory Group, Germany has been a reliable partner — supporting Nigeria with field medical expertise and counter-IED operations, car mechanical training and other interventions.

“And we’re not stopping here. Germany will continue to stand with Nigeria in the fight against terrorism.

“Next month, we’ll take this cooperation to the next level: for the first time, high-level military staff talks will take place in Abuja, opening the door to even closer collaboration in the future.”

She also revealed other areas of cooperation which includes support for the Nigeria police force and the drug enforcement agency amongst others.

In the area of stabilization efforts at containing impacts of terrorism and climate change, the envoy said: “Germany is supporting the development of resilient state institutions and the strengthening of local communities.”

She said focus are on the North East (Borno, Adamawa, Yobe) and the North West (Zamfara, Sokoto, Katsina), “where initiatives such as the reconstruction of schools, health centres, markets, housing, and police stations are improving both security and daily life for local people.”

Nigeria-Germany Trade Volume Hits €3 billion – Envoy

Continue Reading

Trending

Verified by MonsterInsights