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Nigeria-Malaysia bilateral trade hits $956m in 2023

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Nigeria-Malaysia bilateral trade hits $956m in 2023

By: Michael Mike

High Commissioner of Malaysia to Nigeria, Ambassador Aiyub Omar has said Nigeria-Malaysia bilateral trade is in the region of $956 million,

,Omar also said no fewer than 3,386 Nigerian students are currently pursuing higher education in Malaysian public and private institutions.

Omar said this at the weekend on the occasion of his country’s 67th Independence Day of Malaysia in Abuja.

He said Malaysia-Nigeria Diplomatic relations which will hit milestone of 60 years by 2025 is based on a mutual interest in the realms of politics, economics and social.

The envoy said: “Globally, Nigeria is Malaysia 37th trading partner. Total bilateral trade between Malaysia and Nigeria in 2023 was USD956 million (RM4.36 billion).

“For this year alone, our total bilateral trade until the month of July has been recorded at USD747 million. Nigeria is currently Malaysia’s 4th largest partner in Africa (after South Africa, Kenya and Cote d’Ivoire).”

He also disclosed that his country has been contributing to the Nigeria’s development under the framework of South-South Cooperation commitment by providing our technical assistance and expertise.

He added that: “Nigeria has been a recipient country of our Malaysian Technical Cooperation Programme (MTCP) since 1981. Until today, 560 government officials from Nigeria have benefited in various technical courses that we offer namely trade, economy, construction skills, cyber security, environmental management, diplomacy, health, public administration, and education.

“I believe with plenty of opportunities, our bilateral relations will flourish.”

Omar said in the area of education: “There are currently about 3,386 Nigerian students pursuing higher education in Malaysia either in public and private institutions.”

He noted that Malaysia has continued to be one of the preferred destinations for Nigerian students to pursue their tertiary education.

Speaking on his country’s post independence journey, the Ambassador said it was ” a long and challenging one involving years of struggle and negotiations of political parties, which pushed for our self-governance. From humble beginnings, Malaysia has diversified its economy, harnessed its natural resources and achieved remarkable milestones.

“Since gaining independence in 1957, Malaysia has effectively shifted its economy away from its initial reliance on agriculture and commodities to evolve into a nation with robust manufacturing and service sectors, turning Malaysia into a major global player in the export of electrical appliances, parts and components.

“Based on a World Bank report, Malaysia stood out as a highly open economy, consistently maintaining a trade-to-GDP ratio exceeding 130% since 2010. Our economy too, has continuously experienced a positive trajectory, posting an average growth rate of 5.4% since 2010 and poised to complete its transformation from an upper middle-income economy to a high-income economy by this year withcurrent GDP per capita now stands at USD13,310 (current price).

” This economic performance is indeed characterised by our political stability and huge Foreign Direct Investment. In 2024, Malaysia has been ranked 19th wealthiest country in Asia alongside China and Singapore. The Global Peace Index (GPI) in 2024 has ranked Malaysia as 10th safest country in the world, a milestone achievement which is something we are really proud of as Malaysians, thanks to the able leadership of Prime Minister Anwar Ibrahim.”

Nigeria-Malaysia bilateral trade hits $956m in 2023

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Health

Korean Film Festival Returns to Nigeria After COVID-19 Break

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Korean Film Festival Returns to Nigeria After COVID-19 Break

By: Michael Mike

The Korean Embassy in Nigeria has commenced the Korean Film Festival in Nigeria after it went on break during the CIVID-19 pandemic.

The latest edition is the 12th Edition of the festival and was hosted at the Silverbird Cinema, in Abuja between 19th September to 21st September 2024 with several movies screened.

Speaking at the opening ceremony, the Korean ambassador to Nigeria, Kim Pankyu, expressed delight with the return of the festival after it was suspended due to the COVID-19 pandemic in 2020.

He said: “I have come to deeply feel that South Korea and Nigeria share a strong cultural affinity, especially in their love for music and dance.

“Due to this cultural affinity, various elements, such as fashion and cuisine, along with music, are resonating in Nigeria.

“Particularly, there has been a significant surge in the spread of dramas and films.”

He added that: “Along with the global hit ‘Squid Game’ in 2021, the most-watched drama series on Netflix Nigeria in 2022 was ‘Alchemy of souls’.

“Thus, I have come to realise the importance of introducing Korean films to Nigeria, one of the world’s top 3 film-producing countries.”

Also speaking at the event, the Director-General of the National Council for Arts and Culture, Mr Obi Asika, said millions of Nigerians had fallen in love with K-pop [Korean music] and K-drama [Korean drama].

He said Nigeria would continue to learn from the Koreans to improve its entertainment industry.

Korean Film Festival Returns to Nigeria After COVID-19 Break

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Chinese Embassy Will Work to Ensure 13 Newly Signed Agreements with Nigeria See the Light of Day-Envoy

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Chinese Embassy Will Work to Ensure 13 Newly Signed Agreements with Nigeria See the Light of Day-Envoy

By: Michael Mike

The Chinese Ambassador to Nigeria, Yu Dunhai has said he has commenced work to ensure the implementation of the 13 agreements recently signed by Nigerian and Chinese governments during the visit of President Bola Tinubu to China, insisting that making sure that all the agreements see the light of the day.

Dunhai who addressed journalists at the Chinese Embassy in Abuja on the importance of Nigeria’s President state visit to China and the cooperation agreements signed between the two countries, noted
that Tinubu’s visit opened a new vista in China and Nigeria bilateral relations.

He explained also that with the upgrade of bilateral relations, there would be an increase in activities between both countries, with the impending movement of Chinese investors into Nigeria.

He said: “During President Tinubu’s visit, the relevant government departments of the two sided signed a total of 13 cooperation documents, covering such areas as high-quality Belt and Road cooperation planning, the implementation of the global development initiative, economic growth, human resources, application of Beidou Satellite Navigation System, export of peanuts to China, and the media exchanges.

“Among them, one of the bilateral cooperation documents covers around 19 projects that China and Nigeria are cooperating and intend to cooperate with. In addition, multiple cooperation arrangements were signed between relevant departments, state governments, and Chinese companies during the visit.”

The envoy responding on what would be done to ensure that the 13 MOUs signed by China and Nigeria are implemented, said: “That is exactly my mission and task. That is my priorities. From the Chinese side, the two sides we signed 13 cooperative documents.Actually, I believe it’s much more than that, because there are other cooperative documents signed, not between the department to department, but between department to company.

“So I think the two sides, we are going to follow through with all those side documents. I’m sure that I’m going to be very busy, and the people here in Abuja are going to be very busy, and maybe in Lagos, and in many other states, because there are going to be a lot of incoming visiting delegations from China.And I’m sure that there are going to be a lot of outbound delegations from Nigeria to China. I think the only purpose is to try to materialize, to translate the consensus reached by our two presidents, the documents that we signed, into reality. So I have a lot of work to do, and I think that’s also the responsibility of our two sides.

“So as ambassador, I’m certainly looking forward to working with all sectors, and to materialize all those cooperative documents.

“So as the new Chinese ambassador, I look forward to working with people from all walks of life to bring China-Nigeria relations to a new height.”

He also stressed that President Tinubu’s visit to China is of great significance to build on the past successes and to further advance China-Nigeria relations and China-Africa relations.

The envoy added that: “China is willing to strengthen coordination and cooperation with Nigeria in multilateral affairs, and jointly safeguard the interests of developing countries.

“Going forward, we will work closely with all sectors of Nigeria to implement the important consensus reached by our two countries and ensure that we translate the consensus between our two leaders into concrete actions in order to move forward for upgrading bilateral cooperation.”

On what should be expected from the upgrade of China-Nigeria relations, Dunhai said it means that China and Nigeria are going to be more closely knitted together, to ensure our relations are stronger and we are going to cooperate more in all areas.

He added that: “So that’s why I believe that this visit is unique, is historical, and also I personally feel that this is a great success.
I’m sure that with this visit, it’s going to provide us with a huge potential to increase our trade values”.

Chinese Embassy Will Work to Ensure 13 Newly Signed Agreements with Nigeria See the Light of Day-Envoy

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Pakistani Armed Forces Remain largest contributors to UN peace keeping –Envoy

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Pakistani Armed Forces Remain largest contributors to UN peace keeping –Envoy

By: Michael Mike

The High Commissioner of Pakistan to Nigeria, Sohail Khan has said the Pakistani Armed Forces remain the largest contributors to the United Nations’ peacekeeping operations across the globe, a position that has been maintained since 1960.

Khan, who is a retired Major General in the Pakistani military, made this known at the Pakistani High Commission in Abuja on Friday during Pakistan’s Defence and Martyrs Day celebration, which is held annually on September 6 since 1965.

He noted that the commemoration day was to pay homage to the armed forces of Pakistan who protected the motherland from internal and external aggression with bravery.

He disclosed that 23,900 officers and five Generals had sacrificed their lives in the Global War against Terrorism, with Pakistan losing over US$152 billion in the process.

The High Commissioner said Pakistan has kept responsible nuclear state status and the armed forces’ management of the command and control system has been distinguished.

He emphasised that one major significance of the occasion is honouring martyrs and members of the armed forces for their dedication and sacrifices.

On his part, the Defence Advisor at the High Commission, Col. Mushtag Kamran stated that September 6 signified the unflinching resolve, unity, and sense of sacrifice to defend the motherland at all costs.

He praised the sons of the soil who sacrificed their lives to protect freedom and sovereignty, urging others to strive for a better tomorrow.

The event was attended by senior Nigerian Armed Forces officers, ambassadors, attachés, and diplomatic corps, and featured traditional Pakistani cuisine, with a pledge from Pakistani officers to continue to defend the motherland following the footsteps of martyr.

Pakistani Armed Forces Remain largest contributors to UN peace keeping –Envoy

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