Nigeria and Angola, in an effort to enhance economic growth and promote bilateral trade, have strengthened their economic cooperation.
Speaking during the business forum in Abuja, the Secretary of State for International Cooperation and Angolan Communities, Domingos Lopes, who represented the Minister of External Relations, Angola, Téte Antonio, said that Angola would invest more in strengthening economic and commercial relationship with Nigeria in other to gain experience in diversification of the economy.
He said ties between both countries was established with the signing of the first economic, technical, scientific, and cultural cooperation agreement in 1976. He added that the exchange between the two countries had been significant in the diplomatic, defense and security, petroleum, education, culture and transportation sectors.“In the last three years , Angola’s export of goods to Nigeria was estimated at USD 5.6 million, and its imports stood at USD 16.
He also said Angola is seeking Nigeria’s support during its ongoing economic reform. Lopes affirmed the importance of friendly nations like Nigeria as Angola embarks on structural reforms to transform its macroeconomic landscape.Angola’s Ambassador, Mr. Jose Bamoquina Zau, highlighted the determination to bring a significant number of Angolan investors to Nigeria, fostering strong partnerships in various sectors, including manufacturing, mining, oil and gas, commerce, tourism, and education.
Nigeria’s Minister of Information and National Orientation, Alhaji Mohammed Idris, affirmed Nigeria’s eagerness to support Angola’s domestic and foreign aspirations, expecting reciprocity. He highlighted the shared history and importance of both countries within international organizations like the Non-Aligned Movement and the Organization of Petroleum Exporting Countries .
The minister stressed the need for Nigeria and Angola, as major African economies, to play pivotal roles in uniting and developing the African continent adding that the government of President Bola Ahmed Tinubu is committed to strengthening bilateral relations and advancing productive collaboration.Banks in Nigeria can now refund and take customers seriously, write a review regarding your experience and watch their management take instant action. Start now.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
FG, Angola forge stronger ties to drive economic dev’tThe Federal Government of Nigeria and Angola have recently strengthened their ties in an effort to drive economic development and foster bilateral trade.
Read more »
Tinubu will strengthen Nigeria’s relationship with other African nations, says MinisterThe Nation Newspaper Tinubu will strengthen Nigeria's relationship with other African nations, says Minister
Read more »
Tinubu will strengthen Nigeria’s relationship with other African nationsThe Minister of Information and National Orientation, Mohammed Idris, has said that President Bola Ahmed Tinubu will strengthen Nigeria's relationship with other African nations. Idris said that Tinubu is committed to deepening the relationships between Nigeria and other African countries while expecting them to reciprocate the gesture.
Read more »
Tinubu will strengthen Nigeria’s relationship with other African nationsThe Nation Newspaper Tinubu will strengthen Nigeria's relationship with other African nations - Idris
Read more »
US, Nigeria Strengthen Partnership On HIV, Healthcare InitiativesThe United States Center for Disease Control and Prevention (US CDC) and the federal government have strengthened their partnership to bolster the fight
Read more »
Nigeria Needs Focused Investment For Economic Growth, DevtMinister of budget and economic planning, Abubakar Atiku Bagudu has told Nigeria’s foreign development partners that the nation is now interested only in
Read more »