RUSSIAN-UKRAINE WAR: PRESIDENT BUHARI STRESSES NEED FOR INCREASED COOPERATION IN OIL AND GAS, OTHERS WITH PORTUGAL
President Muhammadu Buhari Thursday in Lisbon, Portugal, indicated that Nigeria is ready to fill the natural gas gaps in Europe predicated by the current Russian-Ukrainian war.
The President also said with over 200 million mainly young people, Nigeria is ready to be the hub of the African Continental Free Trade Area (AFCFTA).
In his statement on areas of cooperation between Nigeria and Portugal delivered at the Presidential Palace in Lisbon, President Buhari urged Portugal to consider Nigeria as a valued and trusted partner in Africa.
The Nigerian leader identified five key areas of cooperation and collaboration capable of moving both countries forward, saying:
‘‘At a time the world is going through turbulent times, we feel that a strong friendship and partnership between Nigeria and Portugal can act as a force for good.’’
He listed the areas of cooperation and collaboration as follows: oil and gas, tourism and hospitality industry, air travel, security and joint commission.
On oil and gas, President Buhari said with the current Russian-Ukraine war, increased cooperation in oil and gas between the two countries has become vital to avoid crisis in the demand and supply chain, even as Nigeria is already a major supplier of gas to Portugal.
On tourism and hospitality industry, President Buhari explained that Nigeria had huge potential in the sector and would like to benefit from the enormous expertise of his hosts in this area as shown in Portugal becoming a prime tourist destination.
On air travel, the President emphasized the need to sign a Bilateral Air Services Agreement (BASA) and quickly establish a direct air link between the two countries.
He noted that cooperation between the two counties in this area is vital for increased trade and investment, tourism promotion, people-to-people contact as well as social and cultural engagement.
Affirming Nigeria’s renewed commitment towards the fight against terrorism in the Lake Chad and the Sahel Region, the President told his Portuguese counterpart that Nigeria would welcome the support of the Portuguese Government through intelligence and information sharing, weapons and training of security personnel of member states.
President Buhari also stressed the need to establish a Joint Commission, saying:
‘‘We believe that the establishment of a Joint Commission will help to promote the full realization of the objectives of our bilateral relations.
‘‘The Commission would facilitate the institutionalization of cooperation mechanisms and permit the elaboration and implementation of concrete, specific and viable projects and programmes for the benefit of our people.’’
Furthermore, the President added that Nigeria and Portugal can cooperate closely on a range of agricultural and renewable energy projects.
‘‘Nigeria recognizes Portugal’s comparative advantages in the fields of renewable energy and pharmaceuticals which are also priority areas for Nigeria.
‘‘Other areas of cooperation which are of importance include; the Establishment of an Atlantic Research Centre; Political Consultations; Diplomatic Training; Cultural Cooperation; Investment Promotion; Chambers of Commerce Cooperation; Women and Child Development; Youth and Sports Development and Digital Economy Cooperation.
‘‘That is why we look forward to signing Memoranda of Understanding and Cooperation Agreements in those areas,’’ he said.
Earlier at a ceremonial welcome at Praca do Imperio by the President of Portugal, President Buhari had laid a wreath at the tomb of Luis Vaz de Camoes, the national poet, at the Mosteiro dos Jeronimos. The Monastery of Jeronimos is one of the most decorative churches in Portugal. The body of the famous explorer, Vasco da Gama is interred in the lower chancel, just left of the entrance, opposite venerated 16th-century poet Luís Vaz de Camões, popularly perceived as Portugal’s Shakespeare.
From the upper choir, there’s a superb view of the church; the rows of seats are Portugal’s first Renaissance woodcarvings. The President’s State Visit officially started from here, received by President Marcelo Rebelo de Sousa featuring an impressive military parade and a guided tour of the Monastery.
The Nigerian leader was also conferred with the Portuguese National Honour and decorated ‘Great Collar of the Order of Prince Henry.’
Garba Shehu
Senior Special Assistant to the President
(Media & Publicity)
June 30, 2022
Enugu State govt expresses deep concern over Sen. Ekweremadu’s ordeal in UK
…Prays for his family, accelerated healing of their daughter
…Appreciates FG, NASS, Nigerians for their solidarity, support
The administration of Governor Ifeanyi Ugwuanyi in Enugu State has expressed deep concern over the ordeal of the Senator representing Enugu West Senatorial District in the National Assembly, Senator Ike Ekweremadu and his wife, Mrs. Beatrice Nwanneka Ekweremadu, in the United Kingdom.
A statement by the Enugu State Government described Senator Ekweremadu as an illustrious son of the state and a foremost Senator of the Federal Republic of Nigeria.
The statement disclosed that the government and the good people of Enugu State are saddened by the unpleasant news of arrest, arraignment and subsequent remand in custody of Senator Ekweremadu and his wife, Beatrice, in the United Kingdom.
It, therefore, conveyed the thoughts and prayers of Gov. Ugwuanyi and the people of the state to the entire family of Senator Ekweremadu “in this difficult time as we beseech the most merciful God to grant accelerated healing to Miss Sonia Ekweremadu”.
The state government extended its profound gratitude to the Federal Government of Nigeria and the National Assembly for their empathy, support, solidarity and legal intervention.
It went further to appreciate the prayers of well-meaning Nigerians for early resolution of the issues.
PRESIDENT BUHARI: NIGERIA-PORTUGAL RELATIONS SET FOR NEW LEVELS, AS COUNTRIES READY TEN AGREEMENTS, MOUs FOR SIGNING
Nigeria and Portugal have expressed determination to take relations to a whole new level with concrete deliverables, emphasizing the need for stronger ties 46 years after the establishment of diplomatic relations.
President Muhammadu Buhari gave the indication on Thursday in Lisbon, at a joint press conference with President Marcela Rebelo de Sousa of Portugal.
The Nigerian leader told the press after a one-on-one meeting with his Portuguese counterpart and an enlarged meeting between delegations that in spite of the existing cordial relations between the two countries, there was a need for greater collaboration.
President Buhari, therefore, declared that as many as ten agreements and Memoranda of Understanding are being prepared for signing during his State visit to the European country.
These include:
‘‘The Establishment of an Atlantic Research Centre; Air travel; Political Consultations; Diplomatic Training; Cultural Cooperation; Investment Promotion; Chambers of Commerce Cooperation; Women and Child Development; Youth and Sports Development and Digital Economy Cooperation.
‘‘The world is at a crossroads. The decisions we take as leaders could make or break the world as we know it.
‘‘We face existential challenges with climate change, food insecurity, conflict, health, and energy among others.
‘‘We look to Portugal as an influential country and partner to play an important role in helping to pull the world back from the brink.’’
President Buhari thanked the Portuguese leader for the role his government played during his tenure as President of the European Union, in securing EU and International Monetary Union financial support for Africa.
Highlighting that this year marks the 46th anniversary of the establishment of diplomatic relations between the two countries, the Nigerian leader said:
‘‘We are delighted that we can count Portugal as a valued and reliable friend and partner.
‘‘We share the same democratic values and look to increase and broaden cooperation in various fields at the bilateral and multilateral levels.’’
The President added that there will be a Nigeria-Portugal Business and Investment Forum with the participation of over 80 representatives from Nigerian public and private sector companies, agencies and organizations.
Garba Shehu
Senior Special Assistant to the President
(Media & Publicity)
June 30, 2022
PRESIDENT BUHARI SEEKS INCREASE IN TRADE DIVERSIFICATION WITH PORTUGAL, SAYS FOUNDATION LAID FOR FORMIDABLE ECONOMIC COOPERATION FOR NEXT 500 YEARS
President Muhammadu Buhari on Thursday in Lisbon called for an increase in the volume of trade with Portugal as well as diversification to non-oil products.
The President spoke at an Economic Seminar between Nigeria and Portugal businesses during a State Visit to Portugal.
He noted that the two countries are in dire need of new investment opportunities following the devastation on global economies caused by the COVID-19 pandemic and, in recent times, the impact of Russia-Ukraine conflict.
‘‘The relationship between modern Nigeria and Portugal started over 40 years ago with strong collaborations on the diplomatic and defence fronts.
‘‘I was very excited to learn of the increased level of enthusiasm Portuguese businesses have shown towards Nigeria.
‘‘In the past 25 years, trade between Nigeria and Portugal has more than doubled to over $1 billion by 2020 just before the COVID-19 pandemic.
‘‘This has been mostly in the oil and gas sector. Although this is great progress, I strongly believe we can and should do a lot more,’’ he said.
Assuring the Portuguese government of Nigeria’s support to Portuguese companies wishing to invest in the country, the President said:
‘‘The Portuguese were the first European voyagers on record to visit the shores of Nigeria in the late fifteenth century. And just like how African culture is influential in modern Portugal, the Portuguese culture is also felt in today’s Nigeria.’’
He announced that recently, the Government of Nigeria awarded a contract to Mota-Engil, a Portuguese company, to construct a railway line that connects Kano in Northern Nigeria to Maradi in Southern Niger Republic.
He added this partnership will surely open doors for more Portuguese companies to come to Nigeria, as the largest and most populous economy in Africa.
‘‘Just two months ago, Portugal opened its first North Africa Trade Chamber. This will complement the Chamber in South Africa.
‘‘I am confident after your interactions today on the tremendous potential in Nigeria, we will soon be hearing an announcement on the opening of the Nigeria Portugal Trade Chamber.’’
Recounting that in 2021, the African Export-Import Bank and Portugal’s National Association of Young Entrepreneurs announced a 3-year partnership to promote Africa’s fashion apparel and textile manufacturing industry, the Nigerian leader said:
‘‘I strongly believe this will benefit Nigeria’s vibrant fashion industry.’’
President Buhari also used the occasion to apprise prospective investors of the many fiscal, trade and monetary incentives that support foreign investments.
‘‘The Nigerian Government officials in this room are on standby to provide all the necessary information you need.
‘‘I have already directed the establishment of a dedicated Portugal working group headed by the Ministry of Industry, Trade and Investment to address any special concerns you may have above and beyond the existing policies in place.
‘‘I want to assure you that we will take these requests seriously and our response will be swift.’’
On his expectations for the forum, the President expressed confidence that it was an appropriate platform to establish and strengthen business relationships, share valuable experience, and collaborate for both countries’ mutual benefit.
‘‘Nigeria and Portugal share long historical ties. The relationship between our two countries brought with it trade partnerships, an area that we wish to build upon today,’’ he said.
President Buhari thanked President Marcelo Rebelo de Sousa of Portugal, who was present at the Seminar, for his contribution, interest and trust in forging formidable economic cooperation between Nigeria and Portugal.
‘‘As I mentioned earlier our two countries have a long, shared history and we now have the power to ensure the next 500 years is built on mutual prosperity, sustainability and greatness,’’ he said.
In his response, the President of Portugal, Marcelo Rebelo de Sousa told President Buhari that Portugal can help Nigeria diversify the economy.
“Because we are a very small country, we have huge experience. We have experience in water supply, technology, infrastructure, pharmaceuticals, tourism, Agriculture, Science, Health care, Trade, the sea and we want to cooperate with you. We have experienced companies, experienced hands. We have a unique knowledge of Africa,” he said.
On the visit, the Portuguese President said, “Your visit is a new beginning, A new beginning of every sector. We don’t want 30 or 100 companies, we want thousands of companies in Nigeria, we want thousands of Portuguese in Nigeria and that will be your legacy, my legacy, the legacy of this state visit. I’ll be going to Nigeria later on and together we shall see with our own eyes what the outcome of this visit is. This is not a visit of words but a visit of facts and achievements. We will achieve.”
Garba Shehu
Senior Special Assistant to the President
(Media & Publicity
June 30, 2022
PRESIDENT BUHARI RE-APPOINTS PATIENCE ONIHA AS DG, DMO
President Muhammadu Buhari has approved the renewal of the appointment of Patience Oniha as the Director-General of the Debt Management Office (DMO) for a second term of 5 years in accordance to Section IV (9-i) of the Debt Management Office (Establishment ETC) Act, 2003.
The renewal takes effect from July 1, 2022.
Her appointment for a second term was based on the significant achievements recorded by the DMO in the last 5 years, under her leadership.
Amongst the achievements are the introduction of Sukuk and Green Bonds to finance the development of infrastructure where there is a huge gap.
Under her watch, as part of the initiatives to improve the sustainability of the public debt and opening up avenues for raising long term funds for corporates, the DMO introduced long term Bonds with tenors of 30 years in the domestic and international markets.
This is aside from attracting diverse investors including retail investors to the FGN Bond Market.
Internally, Oniha introduced reforms to strengthen the DMO, as a critical agency in the public finance ecosystem of the country.
Garba Shehu
Senior Special Assistant to the President
(Media & Publicity)
June 30, 2022
IN LISBON, PRESIDENT BUHARI SAYS WEST AFRICA MUST RESUME THE PATH OF PROPER DEMOCRATIZATION
In continuation of his on-going State Visit to Portugal, President Muhammadu Buhari Thursday told the Portuguese Parliament Speaker that Nigeria will continue to seek consensus on the full resumption of democratic governance throughout the West African subregion.
Reacting to profuse commendations by President of the Portuguese Parliament, Augusto Santos Silva on the role Nigeria is playing under the present administration, stabilizing West Africa and Guinea Bissau in particular, President Buhari regretted that three countries in the subregion have slipped back to undemocratic, military rule saying that the former Portuguese colony was lucky to have survived those attempts.
While attributing some of these reversals to the process of development which the new nations will pass through, he said Nigeria will continue to work within the framework of the Economic Community of West African States, ECOWAS, to reverse the unwanted situation, stressing that “we have to go back to proper democratization.”
On the failed attempt to topple the elected government of Guinea Bissau, President Buhari said in the process of national development, “we can’t do hop, start and jump,” meaning that there are no shortcuts, expressing strong confidence however that the problems will be overcome. “We will try to support him (meaning Oumarou Sissoco Embalo, the Prime Minister of Guinea Bissau).”
President Buhari said his visit to the parliament where he was honored with a ceremonial parade and a standing ovation inside the chamber by its 120 membership was an eye opener to things he had read in history books in his school days.
He described the growing trade and political relationship between the two countries as momentous, expressing hope “that this visit will put in place the firm foundations of a special relationship between our two countries, the national governments and the citizens of our two states.”
In an entry into the “Book of Honor” at the Parliament building, President Buhari said:
“My visit to the Portuguese National Assembly is to underscore the strong relationship between Nigeria and Portuguese Republic, focused on cooperation, respect for global inclusiveness, promotion of investment and trade and adherence to international rules and norms.
“The constraints of the past are behind us and the foundations of a bright, strong future are being put in place by our two governments. There is much to be done in the field of trade, energy, security and other areas.
“As democracies, our systems require parliamentary support for the sort of engagements we want to have in place between our two independent countries.
“So far, I am encouraged by the signals and responses to the historic and great partnership we envisage between our two great nations.”
The President of the Parliament, Augusto Silva expressed happiness with the visit of a Nigerian President 17 years after the last one, expressing gratitude for Nigeria’s reliable supply of Liquefied Natural Gas, the continuing collaboration in the fight against terrorism in Africa, the patronage of a Portuguese company in the construction of the Kano-Maradi railway line and for the support of the Nigerian government for the elected government of Guinea Bissau.
He gave assurances of the continuing role of Portugal as bridge and ladder between Africa and Europe.
Garba Shehu
Senior Special Assistant to the President
(Media & Publicity)
June 30, 2022
RUSSIAN-UKRAINE WAR: PRESIDENT BUHARI STRESSES NEED FOR INCREASED COOPERATION IN OIL AND GAS, OTHERS WITH PORTUGAL
President Muhammadu Buhari Thursday in Lisbon, Portugal, indicated that Nigeria is ready to fill the natural gas gaps in Europe predicated by the current Russian-Ukrainian war.
The President also said with over 200 million mainly young people, Nigeria is ready to be the hub of the African Continental Free Trade Area (AFCFTA).
In his statement on areas of cooperation between Nigeria and Portugal delivered at the Presidential Palace in Lisbon, President Buhari urged Portugal to consider Nigeria as a valued and trusted partner in Africa.
The Nigerian leader identified five key areas of cooperation and collaboration capable of moving both countries forward, saying:
‘‘At a time the world is going through turbulent times, we feel that a strong friendship and partnership between Nigeria and Portugal can act as a force for good.’’
He listed the areas of cooperation and collaboration as follows: oil and gas, tourism and hospitality industry, air travel, security and joint commission.
On oil and gas, President Buhari said with the current Russian-Ukraine war, increased cooperation in oil and gas between the two countries has become vital to avoid crisis in the demand and supply chain, even as Nigeria is already a major supplier of gas to Portugal.
On tourism and hospitality industry, President Buhari explained that Nigeria had huge potential in the sector and would like to benefit from the enormous expertise of his hosts in this area as shown in Portugal becoming a prime tourist destination.
On air travel, the President emphasized the need to sign a Bilateral Air Services Agreement (BASA) and quickly establish a direct air link between the two countries.
He noted that cooperation between the two counties in this area is vital for increased trade and investment, tourism promotion, people-to-people contact as well as social and cultural engagement.
Affirming Nigeria’s renewed commitment towards the fight against terrorism in the Lake Chad and the Sahel Region, the President told his Portuguese counterpart that Nigeria would welcome the support of the Portuguese Government through intelligence and information sharing, weapons and training of security personnel of member states.
President Buhari also stressed the need to establish a Joint Commission, saying:
‘‘We believe that the establishment of a Joint Commission will help to promote the full realization of the objectives of our bilateral relations.
‘‘The Commission would facilitate the institutionalization of cooperation mechanisms and permit the elaboration and implementation of concrete, specific and viable projects and programmes for the benefit of our people.’’
Furthermore, the President added that Nigeria and Portugal can cooperate closely on a range of agricultural and renewable energy projects.
‘‘Nigeria recognizes Portugal’s comparative advantages in the fields of renewable energy and pharmaceuticals which are also priority areas for Nigeria.
‘‘Other areas of cooperation which are of importance include; the Establishment of an Atlantic Research Centre; Political Consultations; Diplomatic Training; Cultural Cooperation; Investment Promotion; Chambers of Commerce Cooperation; Women and Child Development; Youth and Sports Development and Digital Economy Cooperation.
‘‘That is why we look forward to signing Memoranda of Understanding and Cooperation Agreements in those areas,’’ he said.
Earlier at a ceremonial welcome at Praca do Imperio by the President of Portugal, President Buhari had laid a wreath at the tomb of Luis Vaz de Camoes, the national poet, at the Mosteiro dos Jeronimos. The Monastery of Jeronimos is one of the most decorative churches in Portugal. The body of the famous explorer, Vasco da Gama is interred in the lower chancel, just left of the entrance, opposite venerated 16th-century poet Luís Vaz de Camões, popularly perceived as Portugal’s Shakespeare.
From the upper choir, there’s a superb view of the church; the rows of seats are Portugal’s first Renaissance woodcarvings. The President’s State Visit officially started from here, received by President Marcelo Rebelo de Sousa featuring an impressive military parade and a guided tour of the Monastery.
The Nigerian leader was also conferred with the Portuguese National Honour and decorated ‘Great Collar of the Order of Prince Henry.’
Garba Shehu
Senior Special Assistant to the President
(Media & Publicity)
June 30, 2022
PRESIDENT BUHARI: NIGERIA-PORTUGAL RELATIONS SET FOR NEW LEVELS, AS COUNTRIES READY TEN AGREEMENTS, MOUs FOR SIGNING
Nigeria and Portugal have expressed determination to take relations to a whole new level with concrete deliverables, emphasizing the need for stronger ties 46 years after the establishment of diplomatic relations.
President Muhammadu Buhari gave the indication on Thursday in Lisbon, at a joint press conference with President Marcela Rebelo de Sousa of Portugal.
The Nigerian leader told the press after a one-on-one meeting with his Portuguese counterpart and an enlarged meeting between delegations that in spite of the existing cordial relations between the two countries, there was a need for greater collaboration.
President Buhari, therefore, declared that as many as ten agreements and Memoranda of Understanding are being prepared for signing during his State visit to the European country.
These include:
‘‘The Establishment of an Atlantic Research Centre; Air travel; Political Consultations; Diplomatic Training; Cultural Cooperation; Investment Promotion; Chambers of Commerce Cooperation; Women and Child Development; Youth and Sports Development and Digital Economy Cooperation.
‘‘The world is at a crossroads. The decisions we take as leaders could make or break the world as we know it.
‘‘We face existential challenges with climate change, food insecurity, conflict, health, and energy among others.
‘‘We look to Portugal as an influential country and partner to play an important role in helping to pull the world back from the brink.’’
President Buhari thanked the Portuguese leader for the role his government played during his tenure as President of the European Union, in securing EU and International Monetary Union financial support for Africa.
Highlighting that this year marks the 46th anniversary of the establishment of diplomatic relations between the two countries, the Nigerian leader said:
‘‘We are delighted that we can count Portugal as a valued and reliable friend and partner.
‘‘We share the same democratic values and look to increase and broaden cooperation in various fields at the bilateral and multilateral levels.’’
The President added that there will be a Nigeria-Portugal Business and Investment Forum with the participation of over 80 representatives from Nigerian public and private sector companies, agencies and organizations.
Garba Shehu
Senior Special Assistant to the President
(Media & Publicity)
June 30, 2022
PRESS RELEASE
SANWO-OLU: WE’RE COMMITTED TO PROTECTING OUR WATER RESOURCES, COMPLETION OF ADIYAN II WATER PROJECT
Lagos State, Mr. Governor Babajide Sanwo-Olu, on Thursday said the State Government is committed to protecting its water resources in order to make portable clean water available and accessible for Lagosians.
He said the goal of his administration to unlock a new wave of investments in Nigeria’s water supply, sanitation and hygiene (WASH) sector, is primarily to delivering potable water and providing safely managed sanitation services for all Lagosians.
The Governor said his administration is currently at the final stage of completing the Adiyan II Water Project, which will be the second-largest water infrastructure in Lagos State.
He said Lagos State Government has committed huge resources to the water project.
Governor Sanwo-Olu spoke at the third edition of the Lagos International Water Conference, (LIWAC) 2022 held at Eko Hotels and Suites, Victoria Island. The theme of the conference was “Unlocking Investments and Sustainable Access to Clean Water and Sanitation Services: The Regulatory Imperative.”
He said the Lagos State Government has acknowledged that financing the water sector has been a challenge and is therefore shopping for private sector investments, noting that currently, most of the financing for water and sanitation comes from public budget and donor financing, hence the Call-for-Action to the private sector to explore the huge opportunities that abound in the water supply and sanitation services sub-sector in Lagos, to deliver value while also enjoying commercial gains.
Governor Sanwo-Olu said now is the right time to unlock a new wave of investments in the WASH sector against the background of global disruptions in the water sector occasioned by the COVID-19 pandemic and intensifying impact of climate change.
He said: “Water is critical, not just for the sustenance of human life, but also for sustainable development. It is essential for all kinds of economic activities, such as agriculture, energy production, mining, manufacturing, and so on.
“We need to make clean and safe water available for our teeming population, and to ensure that even as that population grows there are strategies in place to ensure conservation in the long term. Our goal is primarily to deliver potable water and provide safely managed sanitation services for all Lagosians. We have the political will and a groundswell of support from critical stakeholders, and we welcome you to open up lines of engagement and conversation with us.
“For us in Lagos, we acknowledge that financing for the water sector has been a challenge. According to a World Bank study (2015), bridging the financing gap in Nigeria’s WASH sector will require an estimated USD1.3 billion per year over the next decade, with State-owned water utilities requiring about US$600 million in annual investment.
“Currently, most of the financing for water and sanitation comes from public budget and donor financing, hence this Call-for-Action to the private sector to explore the myriad of opportunities that abound in the water supply and sanitation services sub-sector in Lagos, to deliver value while also enjoying commercial gains.”
SIGNED
GBOYEGA AKOSILE
CHIEF PRESS SECRETARY
30 JUNE 2022
PRESS RELEASE
SANWO-OLU REITERATES COMMITMENT TO BUSINESS-FRIENDLY ENVIRONMENT AS EU-NIGERIA FORUM OPENS IN LAGOS
Lagos State Governor, Mr. Babajide Sanwo-Olu on Thursday said the State Government will be relentless in pursuing initiatives that will seek to improve the ease of doing business; manifestly making the business environment more attractive for investors.
He said Lagos State will continue to view itself as a strategic national asset, carrying the responsibility for not just being an epicenter in times of national crises but also an economic springboard in leading Nigeria to a place of social and economic prosperity.
Governor Sanwo-Olu made the statements while declaring open, the Eighth EU-Nigeria Business Forum with the theme: Nigeria and the New Economy, held at Eko Hotels and Suites, Victoria Island in Lagos on Thursday.
He said the impact of the decisions and recommendations made at the Eighth EU-Nigeria Business Forum can be measured in the sustained status of Nigeria as Europe’s major trading partner in Africa.
“Lagos State remains a key partner and ally of the European Union considering its status as a regional commercial, financial and industrial hub; as well as its strategic role in facilitating the goals and objectives of this forum. This should be strengthened as we approach Africa as one large free trade zone,” he said.
Governor Sanwo-Olu also reiterated his administration’s commitment to the proposed 30 years Lagos State Development Plan 2052, which will be officially rolled out at the forthcoming 9th Economic Summit of the State (known as Ehingbeti).
He said the developmental plans include making Lagos the largest West Africa wholesale hub; leveraging the Nigeria market demand as a base to become the export hub for FMCG manufacturing and export in West Africa as well as becoming West Africa’s main trade hub and regional gateway for transit and port services, while serving as a strategic ally in facilitating the goals and objectives of the EU-Nigeria Business forum.
The Governor while stressing the need for a continuous and healthy relationship between Lagos and the European Union commended captains of industries and investors for their commitments toward sustaining the European Union’s partnership with Lagos, and indeed, Nigeria as a nation.
“We recognise and appreciate the need for synergy between Government and industry in achieving our joint desired objective of deepening our trade and investment links and it is hoped that the deliberations at this forum will be robust and yield new ideas and initiatives that will guide our decision-making process for the desired outcomes,” he said.
Also speaking, the Minister of State for Finance, Budget and National Planning, Prince Clement Agba, who shared the National Economic Plan and its numerous advantages with participants, said the Federal Government is currently developing a perspective plan tagged “Nigeria Agenda 2050” to sustain the Nigeria Vision 2020 and solicited the support of investors.
Agba said a diversified economy is necessary for sustainable development in various sectors to catalyse growth in Nigeria. He noted that various sectors of the economy need diversification to promote intelligence and engender sustainable development.
He said the EU-Nigeria Business Forum was designed to bring Nigeria and European nations together and further strengthen multilateral relationships between the two countries as the Federal Government creates enabling environment for all.
Speaking earlier, the Ambassador of the European Union to Nigeria, Samuela Isopi, said the EU remains Nigeria’s biggest trading partner, pegging the trade volume at 28.7 billion euros with a significant trade balance of over 6 billion in favour of Nigeria as of 2021.
She revealed that the European Union had been listening carefully to the concerns expressed by its partners around the world over the negative impact of the Russia-Ukraine war, noting that the single most important measure to mitigate its adverse impacts is to end the war by Russia, while the way forward and the way out of the crisis has to be the sustainable development of a vibrant diversified economy, based on a business environment that is attractive to investors.
Isopi said the theme of the Eighth EU-Nigeria Business Forum, “Nigeria and the New Economy” is about finding a path through difficult terrain, identifying opportunities and offering a business-friendly approach.
She said European companies had a long history in Nigeria, hence the need to continue the conversation on promoting trade relations at the forum which would feature exhibition space.
The EU-Nigeria Business Forum established to provide a platform for European and Nigerian businesses to engage with policymakers with the aim of improving the business environment and addressing issues constituting barriers to the inflow of investments has no doubt helped in deepening trade relations between Nigerian and Europe.
SIGNED
GBOYEGA AKOSILE
CHIEF PRESS SECRETARY
30 JUNE 2022
PRESIDENT BUHARI SEEKS INCREASE IN TRADE DIVERSIFICATION WITH PORTUGAL, SAYS FOUNDATION LAID FOR FORMIDABLE ECONOMIC COOPERATION FOR NEXT 500 YEARS
President Muhammadu Buhari on Thursday in Lisbon called for an increase in the volume of trade with Portugal as well as diversification to non-oil products.
The President spoke at an Economic Seminar between Nigeria and Portugal businesses during a State Visit to Portugal.
He noted that the two countries are in dire need of new investment opportunities following the devastation on global economies caused by the COVID-19 pandemic and, in recent times, the impact of Russia-Ukraine conflict.
‘‘The relationship between modern Nigeria and Portugal started over 40 years ago with strong collaborations on the diplomatic and defence fronts.
‘‘I was very excited to learn of the increased level of enthusiasm Portuguese businesses have shown towards Nigeria.
‘‘In the past 25 years, trade between Nigeria and Portugal has more than doubled to over $1 billion by 2020 just before the COVID-19 pandemic.
‘‘This has been mostly in the oil and gas sector. Although this is great progress, I strongly believe we can and should do a lot more,’’ he said.
Assuring the Portuguese government of Nigeria’s support to Portuguese companies wishing to invest in the country, the President said:
‘‘The Portuguese were the first European voyagers on record to visit the shores of Nigeria in the late fifteenth century. And just like how African culture is influential in modern Portugal, the Portuguese culture is also felt in today’s Nigeria.’’
He announced that recently, the Government of Nigeria awarded a contract to Mota-Engil, a Portuguese company, to construct a railway line that connects Kano in Northern Nigeria to Maradi in Southern Niger Republic.
He added this partnership will surely open doors for more Portuguese companies to come to Nigeria, as the largest and most populous economy in Africa.
‘‘Just two months ago, Portugal opened its first North Africa Trade Chamber. This will complement the Chamber in South Africa.
‘‘I am confident after your interactions today on the tremendous potential in Nigeria, we will soon be hearing an announcement on the opening of the Nigeria Portugal Trade Chamber.’’
Recounting that in 2021, the African Export-Import Bank and Portugal’s National Association of Young Entrepreneurs announced a 3-year partnership to promote Africa’s fashion apparel and textile manufacturing industry, the Nigerian leader said:
‘‘I strongly believe this will benefit Nigeria’s vibrant fashion industry.’’
President Buhari also used the occasion to apprise prospective investors of the many fiscal, trade and monetary incentives that support foreign investments.
‘‘The Nigerian Government officials in this room are on standby to provide all the necessary information you need.
‘‘I have already directed the establishment of a dedicated Portugal working group headed by the Ministry of Industry, Trade and Investment to address any special concerns you may have above and beyond the existing policies in place.
‘‘I want to assure you that we will take these requests seriously and our response will be swift.’’
On his expectations for the forum, the President expressed confidence that it was an appropriate platform to establish and strengthen business relationships, share valuable experience, and collaborate for both countries’ mutual benefit.
‘‘Nigeria and Portugal share long historical ties. The relationship between our two countries brought with it trade partnerships, an area that we wish to build upon today,’’ he said.
President Buhari thanked President Marcelo Rebelo de Sousa of Portugal, who was present at the Seminar, for his contribution, interest and trust in forging formidable economic cooperation between Nigeria and Portugal.
‘‘As I mentioned earlier our two countries have a long, shared history and we now have the power to ensure the next 500 years is built on mutual prosperity, sustainability and greatness,’’ he said.
In his response, the President of Portugal, Marcelo Rebelo de Sousa told President Buhari that Portugal can help Nigeria diversify the economy.
“Because we are a very small country, we have huge experience. We have experience in water supply, technology, infrastructure, pharmaceuticals, tourism, Agriculture, Science, Health care, Trade, the sea and we want to cooperate with you. We have experienced companies, experienced hands. We have a unique knowledge of Africa,” he said.
On the visit, the Portuguese President said, “Your visit is a new beginning, A new beginning of every sector. We don’t want 30 or 100 companies, we want thousands of companies in Nigeria, we want thousands of Portuguese in Nigeria and that will be your legacy, my legacy, the legacy of this state visit. I’ll be going to Nigeria later on and together we shall see with our own eyes what the outcome of this visit is. This is not a visit of words but a visit of facts and achievements. We will achieve.”
Garba Shehu
Senior Special Assistant to the President
(Media & Publicity
June 30, 2022
IN PORTUGAL, PRESIDENT BUHARI REITERATES COMMITMENT TO PEACEFUL, CREDIBLE ELECTIONS IN 2023
President Muhammadu Buhari on Wednesday night in Lisbon, Portugal gave assurances of a free hand to the Independent National Electoral Commission, INEC, reiterating the commitment of his administration to ensure that the Commission (INEC) delivers peaceful, transparent, free, fair and credible elections next year.
Speaking at a meeting with representatives of Nigerians living in Portugal, the President said with the conclusion of the primaries of the political parties, all eyes are now on the 2023 elections in Nigeria.
‘‘We also look forward to a smooth transition to the next government. As I have said before, our Administration will not compromise on doing the right things and the welfare of Nigerians, home and abroad,’’ the President said.
Citing the last gubernatorial elections in Anambra and Ekiti State, the President noted that this administration has proven consistently its zero tolerance for interference in elections and insistence that Nigerians should be allowed to vote for the party and candidate of their choice.
The President also used the occasion to caution against the use of social media to insult and incite from a safe and anonymous distance, urging the Diaspora to always promote Nigeria’s unity.
‘‘The world is a global village and technology has shrunk the world even more. Although you reside beyond Nigeria’s boundaries you can engage easily with the country. In fact, we see the impact of that engagement clearly on social media.
‘‘This platform has empowered Nigerians in the diaspora and given you great influence. As we have seen, however, social media can be a force for good as well as a force for evil.
‘‘Many countries, including our own have had to take strong measures against some social media platforms to curb their excesses and prevent them from destabilizing our societies.
‘‘I, therefore, call upon you to use social media responsibly. We all want the best for our country and people, so let us strive to build, unite and prosper our nation and people and not to insult and incite from a safe and anonymous distance.’’
President Buhari expressed delight in the successful involvement of Diaspora in various fields such as agriculture, health care, education, ICT, and the food industry in Nigeria.
He noted that many countries, including Nigeria, have shown that their diaspora can be a veritable engine for growth and development.
Acknowledging the huge contribution the Diaspora have made to Nigeria’s economy, the President said:
‘‘In every field of human endeavour, be it the creative industries, sports, health, academia, Nigerians in the diaspora have thrived and leveraged on their skills to raise our country’s profile higher, economically, socially, technologically and culturally.
‘‘It is for these reasons that this Government established the Nigerians in Diaspora Commission (NiDCOM) to facilitate and support your engagement with our country for a win-win outcome in our effort to keep Nigerians united at home and abroad.
‘‘You must continue to be our ambassadors-at-large in your comportment, actions and character.
‘‘You must excel and be the best in all your endeavours. While here, you must also not forget home as you are the example we want to project to the rest of the world.’’
The Nigerian leader assured the meeting coordinated by Chairman NIDCOM, Hon Abike Dabiri-Erewa that the Federal Government would continue to do everything possible to catalyse development in various fields of the economy.
He also encouraged them to key into the programmes of NiDCOM, so as to contribute to initiatives such as the Nigerian Diaspora Investment Trust Fund.
Nigerian Ambassador to Portugal, Alex Enan Kefas, told President Buhari that records indicate that there are some 3,000 Nigerians living in the country, who are generally well behaved and living peacefully among themselves and the host authorities.
The Ambassador informed the President of the recent arrest and detention of about thirteen Nigerians for alleged offences of money laundering and cybercrime.
He explained that the Embassy conducted a consular visit to the prison which revealed that the arrests were ‘‘disproportionate and unjust’’ as many of them were innocent of the allegations.
He said the Mission is trying its best to ensure the release of the innocent to enable them to reunite with their families.
At the meeting with the Diaspora, a Nigerian professional footballer, Saviour Godwin, who plays for Portuguese side Casa Pia, presented a jersey to President Buhari.
Garba Shehu
Senior Special Assistant to the President
(Media & Publicity)
June 30, 2022
