Connect with us

News

Nigeria, India Sign MOU on Cooperation on Renewable Energy

Published

on

Nigeria, India Sign MOU on Cooperation on Renewable Energy

By: Michael Mike

Nigeria has signed a Memorandum of Understanding (MoU) with India on Cooperation on Renewable Energy, an agreement which focus on development of new and renewable energy technologies like Solar Energy, Wind Energy, Biomass/ Bio-energy, Small Hydro and Capacity building.

The MOU was signed by the Nigeria’s Minister of Foreign Affairs, Ambassador Yusuf Maitama Tuggar and his Indian counterpart, Dr Subrahmanyam Jaishankar who was on official visit to Nigeria.

The signing ceremony was one of the activities undertaken as part of the sixth Nigeria – India Joint Commission Meeting held on Monday and hosted by the Nigeria’s Minister of Foreign Affairs and had the Indian Minister of External Affairs in attendance.

The Commission reviewed the decisions of the 5th Joint Commission and also the entire scope of bilateral relations between India and Nigeria. They emphasized the significance of the Sixth Session as the continuation of the era of meaningful and expanding economic interaction between the two countries.

The bilateral meeting held at the Ministry of Foreign Affairs in Abuja covered a wide range of sectors from Political, Culture, Aviation, Trade and Investment, Developmental Partnership, Defence and Security Cooperation to Consular Matters and Regional issues and Multilateral Cooperation

In a parley with the press, after signing the MoU, Tuggar said that Jaishanka had earlier visited Lagos where he held productive meetings with the India-Nigeria Business Forum and also addressed the Nigerian Institute Of International Affairs (NIIA) in Lagos on India and the Global South.

Tuggar said: “We had very fruitful deliberations at the 6th joint commission between Nigeria and India, several issues were discussed as regards different sectors ranging from economy, trade, consular issues, culture and aviation. I have to say that the meeting was very fruitful and rich.

“You know that Nigeria and India have a lot in common, we are two largest democracies on the continent of Africa and Asia, we are the most populous and we have a strong bond and we have been friends for a long time, our relationship will continue to grow stronger” he further added.

Responding to the press at the parley, Jaishankar said, “India and Nigeria share a long-standing and friendly relationship which is rooted in history. We are the largest democracies of the world and are the leaders in our continents. In recent years, this has been renewed by contacts between our leaderships”.

India is one of the top economic partners of Nigeria, with investments estimated at about 27 billion US Dollars and an annual trade turnover estimated at between 13-15 Billion US Dollars. The next meeting (7th) of the Nigeria-India Joint Commission will be held in India.

Nigeria, India Sign MOU on Cooperation on Renewable Energy

Continue Reading
Click to comment

Leave a Reply

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

News

Zulum Hails Indimi’s FSPO as $350 Vessel Sail-Away

Published

on

Zulum Hails Indimi’s FSPO as $350 Vessel Sail-Away

By: Our Reporter

Borno State Governor, Professor Babagana Umara Zulum has described the first indigenous Floating Production, Storage, and Offloading (FPSO) vessel, owned by Nigerian oil magnet, Alhaji (Dr) Muhammadu Indimi, as a landmark achievement for Nigeria’s industrial and technological advancement.

Governor Zulum stated this on Saturday, at the sail away ceremony of the EMEM Floating Production, Storage, and Offloading Vessel (FPSO), held at the Drydocks World facility in Dubai, which marked the completion of the vessel, and is now set to depart for Nigeria.

“The sail away of the EMEM FPSO is more than an engineering feat,” the Governor stated. “It is a powerful statement of confidence in Nigeria’s energy future and a reflection of what homegrown enterprise can achieve when guided by vision, discipline, and excellence.”

He began his remarks by thanking the Government and People of Dubai for their hospitality, noting that hosting the milestone in the UAE “underscores the strength of our mutual commitment to innovation, trade, and sustainable development.”

The EMEM FPSO, a $315 million facility with a storage capacity of one million barrels and a production capability of up to 30,000 barrels per day, is the first FPSO to be fully financed by an indigenous Nigerian company, Oriental Energy Resources Limited.

The Governor specifically commended Dr. Muhammadu Indimi and the Oriental Energy Resources team for this “bold accomplishment.”

“This achievement does not only contribute to national output,” he said, “it reinforces our collective belief that Nigeria’s private sector has the capacity to drive growth, create jobs, and compete globally.”

Upon its deployment to Petroleum Mining Lease (PML) 15, the FPSO is expected to boost Nigeria’s oil production and enhance national revenue, aligning with the economic diversification goals of President Bola Ahmed Tinubu’s Renewed Hope Agenda.

Governor Zulum concluded that the project’s success reflects the “resilience, innovation, and self-reliance” that define ongoing efforts to rebuild Borno State.

“It inspires confidence that, with determination and partnership, Nigeria’s best days lie ahead,” he said.

He wished the EMEM FPSO a safe voyage and productive operations, calling it a “symbol of Nigeria’s strength, ingenuity, and promise.”

The event was attended by the Governor of Adamawa, Hon. Ahmadu Umoru Fintiri and his Akwa Ibom state counterpart, Umo Eno; elder statesman Ambassador Babagana Kingibe (GCON); Chairman (CEO) Oriental Energy Resources, Alhaji Muhammadu Indimi; Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri and representative of the Chief Executive, Nigerian Upstream Petroleum Regulatory Commission (NUPRC).

Zulum Hails Indimi’s FSPO as $350 Vessel Sail-Away

Continue Reading

News

VP Shettima Departs Belem For Abuja After Successful COP 30 Engagements

Published

on

VP Shettima Departs Belem For Abuja After Successful COP 30 Engagements

  • As Nigeria reaffirms resolve to champion climate change solutions in Africa

By: Our Reporter

The Vice President, Senator Kashim Shettima, has departed Belem, Brazil, for Abuja after a successful diplomatic engagement in the South American country where he represented President Bola Ahmed Tinubu at the 30th Session of the United Nations Climate Change Conference (COP 30).

This is just as Nigeria has reaffirmed its determination to continue to use its influence to lead the way in seeking solutions to climate change matters in Africa and beyond.

The Conference convened by Brazil’s President, Luiz Inácio Lula da Silva, in collaboration with the United Nations and other global partners, was held from November 6 to 7 in the city of Belém, capital of the state of Pará, in the Brazilian Amazon.

During the international engagement, Vice President Shettima joined other world leaders, development partners and business executives at the Leaders’ Climate Summit – COP30, where he delivered a speech on Nigeria’s effort in addressing climate change, saying the nation’s renewed climate agenda represents “not just an aspiration, but a solemn national commitment to preserve the planet for future generations.”

VP Shettima also represented President Tinubu at a high-level thematic session titled, “Climate and Nature: Forests and Oceans,” on the margins of COP 30, where he delivered Nigeria’s bold statement.

Delivering the statement titled, “The Rational Soul of Nature,” he called on global partners “to recognise the economic value of nature and to channel significant finance towards protecting and restoring it through predictable, equitable, and accessible funding mechanisms.”

The Nigerian Vice President also took part in the launch of the Tropical Forest Forever Fund, and participated in a roundtable chaired by President Lula on Climate and Nature, as well as an Amazonian Cocktail for Heads of Delegation, hosted by the President of Brazil.

On the sidelines, Senator Shettima also held bilateral meetings focused on establishing and managing Nigeria’s participation in the carbon markets, enabling the nation to unlock between $2.5 billion and $3 billion annually in carbon finance over the next decade to help meet climate goals.

Meanwhile, Nigeria has affirmed its determination to continue to use its influence to lead the way in seeking solutions to climate change matters in Africa and beyond.

Special Adviser to the President on NEC and Climate Change, Rukaiya El-Rufai, who disclosed this in an interview with journalists, gave a recap of the Vice President’s participation in COP 30 held Belem, Brazil.

She said Nigeria will use its influence to mobilize finance for the country, as well as advocate the adaptation finance for African nations in order to collectively tackle the challenges of climate change.

“One thing that I know the whole world would look out for is Nigeria’s leadership in Africa. So we do have our influence in the regional ECOWAS and also at AU platforms to demonstrate that we are that big brother.

“So, we must galvanize all stakeholders, both in public and private sectors, to make sure we implement our National Determined Contributions (NDCs) and make it work for us,” she said.

The presidential aide added that Nigeria’s natural resources will also play a key role in mitigating the effects of climate change.

“The natural capital we have – don’t forget that we are an oil-producing nation and endowed with vast natural gas resources and renewables – we will also continue to use that to implement the NDCs in a way that works for us and addresses the sustainable development challenges that we are facing,” El-Rufai added.

On the passion of the Nigerian government for seeking solutions to climate change matters, El-Rufai said, “Nature and climate are the very home that makes our economy thrive and also gives us the stability to live good lives. So, we are dependent on nature.

“That is why how you consume and use the natural resources is important to ensuring sustainability of livelihoods, economies and everything. So, this why we need to live our lives responsibly and also leave a better future for generations to come.

“The government led by President Bola Tinubu is concentrating on resilience and ensuring that there is long term shared value creation. The government will continue to prioritize climate and nature as well as ensuring that we lead on the necessary climate policies,” the Special Adviser added.

Noting that many countries are yet to submit their NDCs to the United Nations Framework Convention on Climate Change (UNFCCC), El-Rufai urged them to emulate Nigeria, just as she praised Nigeria for taking the lead.

“There are many countries that haven’t submitted their NDCs yet but Nigeria has. China and EU just submitted; so, you can see we are leading because we also have our Climate Change Act as well as our carbon market framework in place, and that is why the theme for COP 30 is apt: COP of Action and Implementation.

“This COP Presidency said they are not creating anything new; rather, let world leaders seat and operationalize NDCs and make sure all those climate-related finance pledges made at Baku that were brought down from $1.3 trillion to $300 billion come to a reality,” she stated.

VP Shettima Departs Belem For Abuja After Successful COP 30 Engagements

Continue Reading

News

Shaite group Protest in Kano, condemn Trump over alleged statement on attacking Nigeria

Published

on

Shaite group Protest in Kano, condemn Trump over alleged statement on attacking Nigeria

By: Zagazola Makama

Hundreds of members of the The Islamic Movement in Nigeria (IMN) in Kano on Saturday staged a protest against a viral statement attributed to United States President Donald Trump, suggesting the possibility of a military strike on Nigeria.

The protest, which took place in several parts of the Kano metropolis, saw large crowds chanting anti-US slogans while carrying placards expressing displeasure with the alleged remarks.

Zagazola Makama report that mobilisation for the protest was largely coordinated through Hausa-language social media platforms, where posts claimed that the United States was planning to “attack Nigeria.”

Video footage circulating online showed youths marching, calling for global condemnation of Trump’s alleged comments, and urging Nigerians to defend the country’s sovereignty.

The members said they viewed the comments as provocative and capable of inciting tension.

“The statement is unacceptable. No foreign nation should threaten Nigeria. This protest is to show that we will not allow external aggression,” a protester said.

The narratives circulating online suggest a growing trend of anti-US sentiment in parts of northern Nigeria, fuelled by misinformation, distrust of Western involvement, and emotional messaging tied to religion and national identity.

They expressed concern that such rhetoric, if unchecked, could escalate and be exploited by extremist groups or political actors.

Shaite group Protest in Kano, condemn Trump over alleged statement on attacking Nigeria

Continue Reading

Trending

Verified by MonsterInsights