Business Insecurity Nigeria, Spain Restrategise To Tackle Insecurity, Boost Economic Ties
“There is every good reason why we should consider that in good times and bad, Spain has remained a good friend. This is a relationship that is not just based on talk, but there is a lot of action.“I am extremely optimistic that our relationship will become more robust in the months and years to come. Nigeria definitely feels that it has a strong partner and brother in Spain. And I hope that it stays this way and even better,” Prof. Osinbajo said.
Sylva, who describe Spain as one of the first country to visit in 2023, said the visit could tell the importance of the relationship between the countries, adding that Nigeria required investments in the oil and gas sector,al< being the core of our economy. “As a country, we need a lot of investments, we need Foreign Direct Investment and Spain is one of the countries that we believe can give us a lot of that investment to help in development” he said.
“Nigeria is one of the primary suppliers in the field of gas and petroleum to Spain and of course with the challenges that we are facing today globally, this is a very important relationship and we also want to diversify our economic cooperation. Spain is a big country and a big player in the European Union and globally. So, we want to see increased trade as we also seek to diversify away from fossil fuels and to deal and cooperate in other economic fields.
The minister added that President Muhammadu Buhari’s recent visit to Spain highlighted the importance of the highest level the two countries attached to the bilateral relations even as the Nigerian leader engaged the King of Spain on issues of mutual benefits. “Our economic cooperation is an absolute center of relations. Spain is one of the best clients of Nigeria in the world and very specifically we are the second client of Nigeria in the world. We have been one of the largest buyers of gas and petroleum for a long time and we want to continue strengthening that energy relationship and to foster it.
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