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Nigeria, Netherlands To Establish Bi-National Commission To Boost Trade, Investment

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Nigeria, Netherlands To Establish Bi-National Commission To Boost Trade, Investment

By: Michael Mike

Nigeria and the Kingdom of Netherlands are in talks over establishing a Joint Bi-National Commission to boost existing trade and investment ties between both countries.

This latest action is coming on the heels of President Bola Tinubu open invitation to countries that may be interested in doing business with Nigeria.

Permanent Secretary of the Ministry of Foreign Affairs, Ambassador Adamu Lamuwa, made the interest known on Wednesday while welcoming a delegation from Netherlands which was in Abuja for the Nigeria- Netherlands Economic Consultation meeting that aims at strengthening bilateral ties in various sectors of the economy.

Lamuwa, who was represented by the Director Economic, Trade and Investment Department in the Ministry, Bolaji Akinremi, at the meeting said the Joint Commission has become necessary following the remarkable economic cooperation between both countries.

He said that the volume of trade between both countries is very significant as several Dutch Companies have their operational base in Nigeria.

According to him, some of the Dutch Companies include; the Royal Dutch Shell Petroleum, Friesland Campina, Heineken, Pladis, DAF Trucks, P Phillips, TNT, KLM, Royal Haskoning, Primstar, VliscO, Unilever, Fugro, VanVliet, APM Terrmincl and Bosman van Zaal.

Lamuwa said: “iIn spite of our longstanding bilateral relations with the Netherlands there is no Joint/Bi-National Commission Agreement between the two countries. Negotiation for the establishment of a Joint Commission has been inconclusive since 1987.

“Against this background, the Government of Nigeria would like to reopen the negotiation for the establishment of a Joint/Bi-National Commission Agreement, as this would further consolidate and boost the relations between the two countries.”

He added that the Nigeria- Netherlands Economic Consultation is a demonstration of the commitment of the Governments of Nigeria and the Kingdom of the Netherlands in fostering the bilateral relations between the two friendly countries.

He said: “The present administration of President Bola Ahmed Tinubu, has set a vision of building a thriving and sustainable economy that will generate wealth, create employment, boost Foreign Direct Investments (FDIs) and diversify the Nigerian economy. In this regard, the Government of Nigeria is open to exploring other areas of economic cooperation with the Kingdom of the Netherlands.”

He further added that Nigeria is willing to explore areas of economic cooperation with the Netherlands in agricultural value chain, secular economy, renewable energy, waterways management and water security, oil and gas, special economic zones.

The Vice-Minister for Foreign Trade of the Kingdom of the Netherlands, who led the Dutch Delegation to meeting, Ms. Hanneke Schuiling, in her remark, said the consultation was apt as it opens opportunity to modernize the Bilateral Investment Treaty between both countries, adding that a reformed treaty will help to further strengthen investment relations.

“Our economies are strongly connected through a multitude of trade and investment relations. These relations are strong and often go back many years. Several Dutch companies are a household name in Nigeria and are a source of employment and income together with their Nigerian partners. The strength of our economic relations is also clear when we look at our trade statistics; the Netherlands continues to be one of Nigeria’s five most important trading partners.”

She added that both countries see a high potential in four areas in particular: –agriculture, IT, healthcare and renewable energy, stressing that the Dutch private sector can add value for the mutual benefit of Nigeria and the Netherlands.

She said: “I am pleased that we are now starting the renegotiation of the existing bilateral investment treaty as a means to further strengthen mutual economic interest and opportunities. As you may be aware, the current treaty was signed in 1992. Since then, both countries have experienced significant changes in their approach to international investments which can be adopted into a new treaty.
“It is important to modernize our treaty to reflect these changes. A modernized treaty can also foster stronger economic relations between our two nations.”

The Consultation meeting had many Federal Government Agencies and Parastatals in attendance. They Include: the National Office For Technology Acquisition and Promotion (NOTAP), The National Agency For Science and Engineering Infrastructure (NASENI), Raw Materials Research and Development Council, Nigerian Data Protection Bureau (NDPB) among others.

Nigeria, Netherlands To Establish Bi-National Commission To Boost Trade, Investment

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Nigeria/EU trade volume hits €45b

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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

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Gaza: 155,000 Pregnant Women Struggling to Survive- Says Palestine Envoy

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Gaza: 155,000 Pregnant Women Struggling to Survive- Says Palestine Envoy

By: Michael Mike

Ambassador of Palestine to Nigeria, Abdullah Shawesh has drawn global attention to emerging humanitarian crisis in war torn Gaza, stating that around 155,000 pregnant women and new mothers are struggling to survive.

He said: “They are suffering from hunger and the diseases that stalk it, amid life-threatening shortages of food, water and medical care …. Only three maternity hospitals remain in the Gaza Strip, and they are overwhelmed with patients.

“Doctors and midwives … are struggling to provide adequate care to newborns.”

Addressing a press conference at the weekend on the situation in Gaza, Shawesh lamented that mass graves continued to be discovered on Gaza Strip, with the war currently leaving an estimated 37 million tons of debris and unexploded ordnance.

He decried that as it stands, the war is projected could take 14 years to clear the unexploded ordnance and rubble.

Shawesh said: “As of May 1, the number of Palestinian martyrs has reached 34,535, with 77,704 wounded, in addition to thousands of others who are still missing under the rubble or subjected to enforced disappearance in Israeli occupation detention centers.”

He alleged that “Palestinian detainees are subjected to harsh measures, receiving minimal sustenance such as a single slice of bread and a small amount of food to merely sustain their lives and prevent death, resulting in substantial weight loss and serious health consequences.”

“Around 155,000 pregnant women and new mothers are struggling to survive. They are suffering from hunger and the diseases that stalk it, amid life-threatening shortages of food, water and medical care …. Only three maternity hospitals remain in the Gaza Strip, and they are overwhelmed with patients.

He noted that: “The Palestinian Minister of Transport, Tariq Zourub, declared that the losses of the transportation sector in the Gaza Strip exceeded 3 billion dollars. The occupation destroyed about 945 km of roads and 55,000 vehicles, which is equivalent to 65% of the road network and 60% of the vehicles licensed in the strip.
Day after day, Israeli crimes in Gaza are revealed, and every day we witness a new chapter of genocidal crimes.”

He added that: “Recently, many mass graves were discovered in the Al-Shifa Medical Complex and the Nasser Medical Complex in the Gaza Strip, which contain hundreds of dead bodies.”

Gaza: 155,000 Pregnant Women Struggling to Survive- Says Palestine Envoy

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Rwanda Warns that Allowing Hatred, Disunity to Fester Could Lead to Genocide

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Rwanda Warns that Allowing Hatred, Disunity to Fester Could Lead to Genocide

By: Michael Mike

Rwanda has warned of the dangers of allowing hatred and disunity to fester, insisting that this could lead to genocide like it witnessed over 30 years ago where a million people were killed in the spate of 100 days.

The Rwandan High Commissioner to Nigeria, Christophe Bazivamo, stated this at the 30th commemoration of the 1994 Genocide against the Tutsi in Abuja.

The commemoration is observed under the multi-year theme, “Remember – Unite – Renew”.

Bazivamo stated that the path to lasting peace demands constant vigilance, adding that “As we renew, we restate our unbreakable pledge to fight intolerance, discrimination, ethnic hatred, hate speeches, genocide revisionism, and denial in all their forms.

“Unfortunately, this is happening today just beyond Rwanda’s borders in the Great Lakes region. We should never allow the embers of hatred to reignite.”

The High Commissioner further said: stated: “On this Kwibuka 30, together, we can ensure that the memory of the victims becomes a powerful force for good, inspiring future generations to choose peace over hate, unity over division, and hope over despair.

“This can be achieved in different ways including putting course lessons about the 1994 Genocide against the Tutsi in schools and the establishment of memory symbols in remembrance of the 1994 Genocide against the Tutsi to educate the young and the next generation on the need to fight hate ideologies and stand against any form of discrimination and divisionism. Let us work together to build a world where such atrocities never happen again.”

In his remarks, the Minister of Foreign Affairs, Yusuf Tuggar conveyed the condolences of the Nigerian government to the survivors of the genocide.

Tuggar represented by a former ambassador to Sudan, Safiu Olaniyan said: “Genocide should not be allowed to raise its head ever again.”

The Secretary General, United Nations, Antonio Guterres urged the world to stand as one against all forms of hatred and discrimination.

Guterres whose speech was read at the occasion by the UN Resident Coordinator in Nigeria, Mohamed Malick Fall noted that: “To those who would seek to divide us, we must deliver a clear, unequivocal and urgent message: never again.

“We can draw a straight line between the senseless slaughter of one million Tutsi — as well as some Hutu and others who opposed the genocide — and the decades of hate speech that preceded it, enflamed by ethnic tensions and the long shadow of colonialism.

“Today, around the world, the darkest impulses of humanity are being awakened once more by the voices of extremism, division and hate.

“On this solemn day of remembrance, let’s pledge to stand as one against all forms of hatred and discrimination.

In his remarks, a retired Nigerian Navy admiral, Samuel Alade who witnessed the genocide while in Rwanda said, “I commend the tenacity of purpose and the commitment of the Rwandans to make their nation an example of relevance.”

Rwanda Warns that Allowing Hatred, Disunity to Fester Could Lead to Genocide

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