International
Nigeria/EU trade volume hits €45b
Nigeria/EU trade volume hits €45b
By: Michael Mike
Latest statistics has shown that Nigeria and European Union trade volume has grown to €45 billion.
The statistics showed that this was the case as at September 2023, even as the
United Nations COMTRADE database indicated that Nigeria remains EU largest trade partner, accounting for 20.9% of Nigeria’s global trade.
The EU is made up of 28 European countries, though there are 50 countries considered European.
The Deputy Speaker, House of Representatives, Benjamin Kalu during the celebration of 2024 European Day in Abuja on Thursday night said the value of trade between Nigeria and the EU has increased consistently, demonstrating the
potential for even greater collaboration.
Kalu while disclosing that Nigeria is prepared to provide an encouraging environment for investment, said: “The European Union is one of our most significant trading partners, and our economic ties have grown steadily.
“The value of trade between Nigeria and the EU has increased consistently, demonstrating the potential for even greater collaboration.”
Kalu while quoting the United Nations COMTRADE database, added that “as of September 2023, the EU’s bilateral trade with Nigeria has surpassed €45 billion.
“The EU is Nigeria’s largest trading partner, accounting for 20.9% of Nigeria’s
global trade.”
He assured EU that: “As we look to the future, Nigeria is committed to engendering an environment encouraging investment and trade with our European
partners.
“We recognize the vital role that
European businesses play in our economic development, and we welcome
continued investment in ourindustries, infrastructure, and technology
sectors.”
He equally, commended the cultural exchange between both parties, saying “Europe is a source of rich history, art, and
innovation, while Nigeria is a vibrant hub of diverse cultures and traditions.
“By having cultural exchanges, we build bridges of understanding that
transcend geographical boundaries.
“I am pleased to see that more
European cultural events are being held in Nigeria and that Nigerian
artists, musicians, and scholars are gaining recognition in Europe.
“These exchanges contribute to a more harmonious and interconnected world.”
The Deputy Speaker also commended the EU for it support to the country, especially in the area of education, healthcare,
digital economy, agriculture, security, and governance.
He noted that: “The European Union (EU) is supporting Nigeria’s digital transformation with a €820 million
investment through its Global Gateway initiative.
“This investment includes €160million in grants and €660million in loans.
“The EU is also supporting
Nigeria’s digital future through the AU-EUD4D Hub, a project that helps
African institutions create an enabling environment for a sustainable digital
transformation.
“Further more, the European Union has initiated several projects aimed at
promoting climate-smart agriculture and advancing Nigeria’s green transition.
“The GENESII: Mobility for Plant Genomics Scholars to Accelerate Climate-Smart Adaptation Options and Food Security in Africa II, is designed to foster academic exchange and research in plant
genomics, enhancing Africa’s adaptation to climate change and promoting
food security.
“The Small Hydro Power Development for Agro-industry Use (SHP-DAIN) project promotes the use of small-scale hydro power to boost agro-industrial production.”
He stressed that the EU’s commitment to the Climate-Smart Agriculture for Development Programme “underlines its support for climate-smart, innovative agriculture with an improved agribusiness climate and equitable participation of women and youth.”
He also said: “Beyond these projects,
the EU has also demonstrated its commitment to security and peace in the
Lake Chad region, mobilizing €2.5 billion since 2014 to support stabilization, peace, and security initiatives.
“This extensive support highlights the EU’s dedication to sustainable development and enhancing the quality of life for Nigerians”.
Kalu said: “As the Deputy Speaker of Nigeria’s House of Representatives, I believe in the importance of strengthening our democratic institutions and promoting
good governance.
“Europe has been a valuable partner in this regard, offering support and guidance as we work to uphold the principles of
democracy and the rule of law.”
In her remarks, Head of EU delegation to Nigeria and ECOWAS, Ambassador Samuela Isopi said Nigeria remains a strategic partner to EU.
Isopi said EU cooperation with Nigeria tops global rankings whether in the energy and climate, digital, innovation, health or entrepreneurship areas.
She also said EU is targeting critical private and public investment in Nigeria.
Isopi also assured Nigeria of EU support in the efforts at ensuring democratic rules in the West African region.
She noted that: “A year ago, we met to celebrate Europe Day on the eve of the inauguration of the new administration in Nigeria and the start of a new chapter in our partnership. Since then, the joint visit of EU International Partnerships and Energy Commissioners, Jutta Urpilainen and Kadri Simpson, in October last year for the EU-Nigeria Strategic Dialogue, positioned Nigeria as a primary partner for the European Union.
“By now, EU cooperation with Nigeria tops global rankings whether in the energy and climate, digital, innovation, health or entrepreneurship areas. This is further amplified by our joint work with EU Member States and EU financial institutions (such as the European Investment Bank) as Team Europe, which combines our strengths across most areas of cooperation.
“In line with the Global Gateway strategy, EU cooperation is now targeting critical public and private investments, thereby providing the necessary instruments to make such investments viable and sustainable. In the health sector, besides continuous support to public actors at federal and state level, our support includes the mobilisation of public and private sectors investors towards increased local manufacturing of vaccines and other health products. “
On the coming Nigeria/EU Business Forum on July 2nd in Abuja, Isopi said it will bear witness to progress made and raise our ambition for the years to come.”
Adding, “As we increasingly focus on investments, our support to migration, governance, peace and security will continue unabated. This support reflects the fundamental values and challenges that bind the EU and Nigeria, such as the rule of law, democratic governance and protection of fundamental rights.
“In that regard, we believe that the position – and empowerment – of women and youth in today’s Nigeria deserves our collective attention. “
On the political front, the envoy said “While working with the National Assembly, Government at Federal and State level, we remain strong advocate and supporters of the need for a vibrant civil society, which provides a unique opportunity to promote change and accountability.
“Since we last met to celebrate Europe day, West Africa has gone through one of the most difficult times in its history.
“The EU continues to stand by Nigeria, by its regional partners and by ECOWAS and remains committed to supporting the region in building a community for the people.”
Nigeria/EU trade volume hits €45b
International
Aftermath of Modi’s Visit: Nigeria Should Expect Rise in Already Existing Over 200 Indian Companies, Growth in $27 billion Indian investment, Indian Government Promises
Aftermath of Modi’s Visit: Nigeria Should Expect Rise in Already Existing Over 200 Indian Companies, Growth in $27 billion Indian investment, Indian Government Promises
By: Michael Mike
Nigeria should expect more Indian investment in Nigeria with the growth in over 200 companies presently operating in the country and increase in the present investment of over $27 billion in the nation’s economy by Indian interest, the Indian government has assured.
Addressing the media on Sunday in Abuja on the fallout from the visit of Indian Prime Minister, Narendra Modi to the country, the Secretary of Economic Relations at India’s Ministry of External Affairs, Dammu Ravi, said: “While Indian companies are very strong in the traditional areas of manufacturing in Nigeria, with more than 200 companies having invested $27 billion in the economy here, there are new areas that are being identified, which include, as we discussed, the agriculture part of it, particularly lentils and other things which are being considered as a possibility. Then irrigation services, seed, hybrid seed development, research and development on good seeds, climate-resistant seeds and other things are being considered so that that area can also come into focus between the two countries.
“So we talked about mining, we talked about various issues pertaining to small and medium enterprises, the skill development part of it.
“Already we have some experts who have been training for more than six months in SMEDAN over here, entrepreneurial development skills. And also through the Indian Technical and Economic Cooperation where we have been sending people to India for skill development, that also came into focus. So we would be considering all these things too, we are diversify the areas of our cooperation in trade and economic relations, as well as to strengthen our trade cooperation.”
He also revealed that India is interested in further investment in Nigeria’s oil and gas industry, stating that: “There was a very good concentration of topic on oil and gas investment. Some Indian companies are already working on the CNG areas, which is the focus area of the President also. There are companies which are working in CNG city-wide network as well as setting up the outlets for CNG over here. CNG kits are being also sent over here so that it can be put in the cars and vehicles to use the CNG.”
He noted that on pharmaceuticals and medicine, there are nearly $4 billion of investment by Indian companies in the pharmaceutical sector here in Nigeria, and there is already existing eye hospitals of India in Abuja and Lagos, as well as another multi-speciality hospital.
He said: “I can also tell you that there is going to be a bigger hospital, a 300-bed hospital that has come up in Abuja, which will be open very shortly with expert doctors and technicians and others from India with modern technology. So that hospital chain would also be expanding itself into other geopolitical areas too.”
He said India, in agreement with Nigeria, looks forward to the reform of the United Nations Security Council, stating that there is urgent need to update the global governance structure to reflect current realities.
He noted that the existing structure, established in 1945, no longer meets the needs of the modern world and that significant changes are required.
Ravi highlighted the shared stance of India and Nigeria in advocating for a more inclusive Security Council, pointing out that both nations represent the interests of the Global South, which remains underrepresented in international decision-making.
He insisted that: “The world has changed significantly since the establishment of the UN, but the Security Council’s structure has not evolved accordingly.
“Nigeria and India are on the same page on the need for reform. We have to keep working on that in different forums to sensitise the countries on the need for our positions.”
The call for reform came as part of a broader effort by developing nations to secure a greater voice in global governance.
Ravi underscored the importance of unity among countries in the Global South, including major players like India and Nigeria, to advocate effectively for changes in the UNSC’s composition.
The UNSC currently has 15 members, including five permanent members with veto power: the United States, Russia, China, the United Kingdom, and France.
However, despite having 54 member states in the UN, Africa lacks permanent representation.
The US recently proposed expanding the council to include two permanent seats for African countries, with Nigeria, South Africa, and Egypt emerging as leading contenders due to their economic and political influence.
According to Ravi, the key to successful reform lies in collective action.
He noted that countries from the Global South, which have experienced significant political and economic growth over the past few decades, should have a more substantial role in international decision-making.
He said, “We need to build this understanding that there is a need for the UN reform and that is the fundamental. The reform is necessary and it has to be done quickly.”
Addressing the question of African representation, Ravi acknowledged that Africa has its own consensus on the need for reform.
However, he pointed out the complexity of aligning the positions of various African nations with those of other countries advocating for change, such as India.
Aftermath of Modi’s Visit: Nigeria Should Expect Rise in Already Existing Over 200 Indian Companies, Growth in $27 billion Indian investment, Indian Government Promises
International
STRUGGLE FOR PALESTINIAN STATEHOOD AS THE DEFINING LIMINAL MOMENT OF OUR TIME
STRUGGLE FOR PALESTINIAN STATEHOOD AS THE DEFINING LIMINAL MOMENT OF OUR TIME
By: Yusuf Maitama Tuggar
A liminal moment is a time of realization that the way things are is no longer sustainable, yet the way thing will become is yet to happen. In other words, a liminal moment is a period of transition. The quest of Palestinians for statehood and the right to exist is going through a transition period in which the world is awakening to the fact that Israeli occupation of Gaza and the West Bank and the institutionalised system of segregation used to administer the territories is neither tenable nor sustainable. Although the violence and carnage being meted out to the Palestinians appears at first glance to strengthen the hands of the Israeli government and provides opportunity for settlers to expand territorial ambitions, a closer examination reveals it to be a pyrrhic victory. The resolve of the innocent civilians on the receiving end is only getting stronger, determined to avert another Nakba, the term referring to the exodus that followed the 1948 partitioning that created the state of Israel. Many Palestinians lost their homes in the event, never to return again. Families still clutch on to the keys of their houses as mementos of a mistake passed down from one generation to another, that must never be repeated again. The struggle for Palestinian statehood is the liminal moment of our time.
When it comes to standing up against injustice and racial discrimination, Nigeria has maintained an admirable consistency. We deployed resources and energy over three decades towards the liberation of Angola, Mozambique, Zimbabwe, Namibia and Apartheid South Africa. Nigeria follows the dictum of International Relations guru Hans Morgenthau of making ethical foreign policy behaviour an integral part of its state objective. President Bola Tinubu continued this tradition when he spoke out equably for an end to the violence in Palestine and Lebanon during the Arab-OIC Extraordinary Summit in Riyadh on 11th of November 2024, calling for the actual implementation of the two-state solution that has been the subject of several UN Resolutions, dating back to Resolutions 242 and 338 of 1967. President Tinubu’s intervention was considered by other countries in attendance as providing the missing mechanism when he suggested the creation of a secretariat to monitor implementation of the Summit’s resolutions and provide regular reports to the leadership, until peace is achieved. This was unanimously adopted as a late addition to the draft resolution and hailed as a departure from previous ones that lacked implementation mechanisms.
President Tinubu has remained deeply concerned by the human suffering in Gaza, especially of children and women. For this reason, Nigeria worked with Red Cross officials and employed its diplomatic channels to facilitate the evacuation of sick and injured children to Egypt, UAE and Jordan. Today three-year-old Alaa Madhon, nine-month-old Salma Chagu of Khan Yunus, another three-month-old baby Alaa and baby Suhail are all alive with the help of Nigeria’s back channel diplomatic efforts. In his speech, President Tinubu reminded the world that the conflict did not begin on October 7th, contrary to media reporting that often gives the impression that the Hamas attack and kidnapping of civilians was the casus belli that justified Israeli aggression and discounting the daily aggression meted out to Palestinians living under the apartheid system in Gaza and the West Bank. He candidly challenged leaders by stating it was not enough to issue empty condemnations and although a countries in a rules-based international order had the right to self-defence, they had to take into account the proportionality of violence they applied, especially on innocent civilians. President Tinubu pointed out that an entire civilian population cannot be dismissed as collateral, in meting out revenge for October 7th. The contradiction of justifying the Israeli aggression against innocent civilians within the context of a rules based international law and order is that the whole point of international law is to rule out revenge. Justice is antithetical to revenge.
Those who attempt to give religious colouration to standing up for what is right and just betray a lack of understanding of the Palestinian quest for statehood. Some of the most prominent figures in that struggle have been Christians; academic Edward Said, PLFP founder George Habash, political activist Hanan Ashrawi are among the recognisable names. And within the state of Israel exist Arabs that are Muslim, Christian and Druze. The Republic of South Africa that instituted a genocide case against Israel in the International Court of Justice is 82% Christian. The nationhood journey of South Africa and the struggle against apartheid make it the most morally appropriate nation to file such a case against Israel where a similar apartheid system confines over 2.2 million people in an open-air prison called Gaza. Like South African Bantustans or homelands, those living within require passes to move around, their fundamental human rights restricted. So South Africans can identify more easily with the plight of the Palestinians as non-citizens on their own land.
But Nigeria can also identify with such a system and share the pain because of our own journey to nationhood. Apartheid was simply an extreme form of indirect rule. The system designed by Lord Lugard and Jan Smuts to answer the native question was to segregate a black majority, creating Sabon Garis and Zangos that restricted movement and mingling among the owners of the land. Black people were not allowed to venture into the Government Reservation Areas (GRAs) of Ikoyi in Lagos and Nasarawa in Kano, else one would be arrested for “wandering”. Late Ibrahim Gusau (who later became a Minister in the first republic) was punished by the colonial authorities for being found in Sabon Gari, with a copy of the West African Pilot, published by anti-colonial agitator Nnamdi Azikiwe. It was therefore not surprising that after gaining independence, Nigeria’s foreign policy maintained a proclivity for standing up against discrimination and injustice. Apart from supporting liberation movements to free others from the colonial choke hold, Nigeria refused to sell oil to Apartheid South Africa and penalised businesses that dealt with racist regimes on the continent. The Balewa government lobbied for the expulsion of South Africa from the Commonwealth and set up the National Committee Against Apartheid across the country, the Gowon government helped strengthen the United Nations Committee Against Apartheid and pushed for recognition of Guinea Bissau and Cape Verde as independent states, the Murtala/Obasanjo administration created the Southern Africa Relief Fund (SAFR) or Mandela tax as it was popularly known, and the Shagari government engineered the Lancaster House Conference that paved the way for Zimbabwe’s independence. President Tinubu continues this noble tradition by standing up for the actualisation of the two-state solution.
Nigeria’s diversity gives it an advantage on the world stage in consensus building through the hard work of conversation and virtues of principled compromise. Though this may be taken for granted at home because it comes naturally to us, it remains an uncommon trait abroad much admired by others. It is a gift that we must continue to tap into in our share political project both at home and abroad.
Yusuf M Tuggar
Minister of Foreign Affairs
Federal Republic of Nigeria
International
Nigeria Congratulates Trump on Election as US President
Nigeria Congratulates Trump on Election as US President
By: Michael Mike
The Nigerian government has congratulated the Republican candidate in the United States of America presidential election, Donald Trump for his victory at the poll.
The Nigerian government in a statement on Wednesday signed by the spokesperson of the Ministry of Foreign Affairs, Amb. Eche Abu-Obe wish the 45th president who has been elected by the reason of the election as the 47th president great success.
The statement read: “Federal Republic of Nigeria wishes to congratulate incoming President Donald Trump on his victory as the next President of the United States of America.
“Nigeria wishes the 47th President of the United States of America great success in steering the affairs of the country and further assures of continued support and cooperation in matters of international peace and security.
“The Federal Republic of Nigeria applauds the Democratic contestant, Kamala Harris, for her efforts and contributions during her tenure as the Vice President of the United States of America.
“In the same vein, Nigeria also applauds outgoing President, Joe Biden, for his leadership and service to the American people.”
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