No fewer than 26 Memoranda of Understanding with foreign countries and agencies has been signed by the Nigerian government in the last 12 months.
The MoUs are in the areas of infrastructure, education, trade and investment, tourism, security, Information/Technology, culture, energy and gas, and sports.
The MoUs are valued at over N4.2tn. The total amount could be higher, as the worth of many of the agreements was not specified in the document obtained by our correspondent from the Ministry of Foreign Affairs.
According to the document, the government signed an MoU with India to boost the trade volume between Nigeria and India in February 2024.
Also, the country signed a $500m renewable energy and gas deal with Germany in November 2023. Nigeria also signed an MoU with Russia on nuclear energy on September 27, 2023.
On infrastructure, Nigeria signed an MoU with China on the provision of infrastructure worth about $2bn infrastructure on October 20, 2023.
Also, with China, FG signed another MoU to develop and establish a $150m Lithium-Ion battery manufacturing and processing factory in Nigeria was signed on December 9, 2023.
In the education sector, the country signed MoUs with Russia and Qatar on December 222, 2023and March 3, 2024, respectively.
“In Trade/Investment, Nigeria, through the MFA, signed an MoU with India to boost the trade volume between Nigeria and India in February 2024.
“Nigeria, through the MFA, signed an MoU with the State of Qatar on the Establishment of a Joint Business Council between the NACCIMA and Qatar Chamber on March 3, 2024.
“Nigeria, through the MFA, signed an MoU with Lab Four on the provision of 50,000 full-time business process outsourcing jobs to Nigeria over the next three years on March 19, 2024,” the document added.
To strengthen national security, Nigeria signed two agreements with the United Nations Office on Counter-Terrorism on August 30, 2023, to enhance their collaboration in preventing and countering terrorism and violent extremism.
Additionally, on January 30, 2024, Nigeria signed a Memorandum of Understanding with the United States to provide training for commanders of the Police Special Intervention Squad in combating banditry and other crimes.
To promote cultural preservation, Nigeria signed an MoU with the United States on February 16, 2024, focusing on the preservation of a UNESCO Cultural Heritage Site in Adamawa State.
In the field of technology, Nigeria also secured a $600m I-DICE Financial Agreement with France on November 3, 2023, aimed at supporting digital and creative enterprises.
Meanwhile, the Minister of Foreign Affairs, Ambassador Yusuf Tuggar, on Tuesday, engaged in high-level discussions with the Foreign Ministers of Sweden, Finland, Iceland, and as well as representatives from Norway and Denmark.
The discussion held in Abuja focused on deepening the longstanding relationship between Nigeria and the Nordic countries, which dates back to Nigeria’s independence.
The delegation includes the Minister for Foreign Affairs of Sweden, Tobias Billström; the Minister for Foreign Affairs of Finland, Ms Elina Valtonen; Minister for Foreign Affairs of Iceland; Ms Thórdís Kolbrún Reykfjörd Gylfadóttir; the State Secretary for International Development, Norway, Bjørg Sandkjær, and Under Secretary for Foreign Policy, Denmark, Eva Marie Frida Barløse.
Briefing journalists after the meeting, Tuggar emphasised the historical significance of this relationship, noting that Finland was among the first nations to recognise Nigeria as a republic.
“These are the Nordic countries. We have had a very long relationship with them going back to our independence.
“They have been consistent partners in our fight against terrorism, particularly in de-radicalisation and resettlement efforts in the Lake Chad region.”
The discussions also covered the enhancement of trade relations, with a particular focus on Nigeria’s ongoing efforts to shift towards renewable energy sources.
Tuggar highlighted President Bola Tinubu’s recent launch of Compressed Natural Gas buses, part of a broader initiative to reduce reliance on imported petroleum products.
The minister also outlined potential collaborations in research and development, noting the Nordic model of integrating university research with business and government support.
He pointed to Nigeria’s National Agency for Science, Engineering, and Infrastructure as a key player in this area, particularly in solar energy and CNG initiatives.
Furthermore, Tuggar brought attention to Nigeria’s Technical Aid Corps, an agency that has been deploying Nigerian professionals to Africa, the Caribbean, and the Pacific since 1987.
“This is one of Nigeria’s significant contributions to global development,” he said, stressing the country’s respected status on the international stage.
During the talks, Tuggar also confirmed that Nigeria had raised concerns about a controversial Biafra agitator Simon Ekpa with Finland, addressing the issue “vociferously.”
“That is a no-brainer. You know there’s no way Nigeria is going to engage with Finland without raising the issue of Simon Ekpa, and raising it vociferously. So, take that as having been done,” the minister noted.
Swedish Foreign Affairs Minister Billström, who spoke on behalf of the Nordic delegation, underscored the longstanding and deep-rooted relationship between Nigeria and the Nordic countries adding that Nigeria stands as one of the countries’ largest trading partners in Africa.
He further highlighted Nigeria’s significant role on the global stage, particularly in promoting peace and stability within West Africa and in supporting international cooperation efforts.
The minister expressed appreciation for the Nigerian Presidency’s efforts to promote stability and democracy within the Economic Community of West African States and lauded Nigeria’s support for strengthening ties between the United Nations and regional organisations.
“Nigeria is a prominent actor on the regional and global stage and plays an important role in maintaining peace and furthering international cooperation.
“We highly appreciate the Nigerian Presidency’s efforts to promote stability and democracy within ECOWAS, and supporting ongoing efforts to further enhance cooperation between the United Nations and regional organisations,” the minister noted.
