President Muhammadu Buhari’s state visit to Lisbon, Portugal, is expected to lead to the acceleration of the nation’s economic growth, securing the country, attracting investment and creating jobs.
This was disclosed by one of the President’s media aide, Garba Shehu via his Twitter handle on Monday.
According to him, there are 10 ways the nation can benefit from the strategic partnership visit, which held from Wednesday 28th June to 2nd July 2022.
Highlights of the 10 benefits of the visit
- There can be no better illustration of the larger strategic goal of the future of this relationship than the eight agreements and Memoranda Of Agreement, MOUs signed in the course of this visit. These are the MOU on political consultations, diplomatic training, research and exchange of information and documentation; cooperation in the field of culture; in the field of women and girls development, empowerment and gender affairs; youths and in the area of sports.
- The visit achieved a desire for a strategic partnership to strengthen the work Nigeria has been praised for doing by all levels of Portuguese authority- President, Prime Minister, President of National Assembly and Mayor of Lisbon-which is her stabilizing role in West Africa and importantly for the hosts, the stability and support of the ex-Portuguese territories in the subregion, specifically Guinea Bissau and São Tomé and Principe. This is resonating very well with the Portuguese.
- Invariably linked to this is the convergence of strategic interests and the laying of a framework to strengthen security and cooperation between the two states. Portugal which has an association with its former territories in Africa, the equivalent of our own British Commonwealth made up of Angola and Cape Verde in addition to the two other states mentioned.
- Nigeria and Portugal have equally identified a common interest and goal in the transatlantic gas pipeline for which our country needs investment and security. This is with a view to finding a market in Europe for the enormous gas resources available to us. After listening to a briefing on the pipeline by Mele Kyari, the Group Managing Director of the Nigerian National Petroleum Company (NNPC) Limited, President Marcelo de Sousa was quick to show interest in the maritime mapping of the gas pipeline, instead of the Trans Saharan pathway which is equally an option. Portugal, says President Sousa has chosen for itself, the role of the spokesman and defender of African interests in the EU.
- The Kano-Maradi railway line being constructed by a Portuguese company, Mota-Engil, is turning out to be a significant factor in the emerging relations between our countries. Despite President Buhari’s emphasis at several speaking opportunities that the contractor met all requirements to beat others to get the job, the Portuguese authorities see it not only as a milestone in trade relations but also as a trailblazer and a precursor to the evolution of Nigeria as the gateway to the vast African market opened up by the African Continental Free Trade Area, AfCFTA. President Sousa spoke about their wish for the entry into the Nigerian market of Portuguese companies, “not in 30s or 100, but in their thousands.”
- Portugal, which was a strong force in the UN recognition of Nigeria as one of five centres for vaccine production in Africa has determined to key into our health sector. They will come in. It’s a country with a very strong pharmaceutical economy.
- In the choice of Jose Peseiro, the Portuguese coach of the Super Eagles, Nigeria struck yet another positive cord that resonates politically and diplomatically. Even before the advent of coach Peseiro, there are more than 200 professional football players of Nigerian origin in Portugal.
- There is also a welcome plan to share the achievements of Portugal in the field of renewable energy. With 60 percent of their energy got from renewable sources, that country ranks among the world leaders, hoping to reach carbon neutrality by 2030.
- We have now an MOU on political consultations, diplomatic training, research and exchange of information and documentation. This will see our two nations working hand in hand at multilateral institutions including the UN. Portugal prides herself with experience in international relations.
- Lastly is the important thing about the very strong alignment of strategic interests of both countries. It’s rare to see this anywhere. The commitment to be with Nigeria is everywhere: All levels of authority in the country: President, Prime Minister, President of the National Assembly, and Mayor of Lisbon showing a total commitment to align with Nigeria. President Sousa in his second term said “I waited six years for this marriage.”
Bottom line
For President Buhari, this visit is an affirmation of the norm that global aspirations must be accompanied by global engagements and a demonstration of his determination to turn commitments into actions.
Hopefully, these will lead to the acceleration of the nation’s economic growth, securing the country, attracting investment and creating jobs, as expected.
In case you must it
- Nairamerics had reported that the Nigerian and Portuguese governments have agreed to increase cooperation in the areas of Diplomatic Training, Research and the Exchange of Information and Documentation.
- This was disclosed by the Presidency as President Buhari met with Portuguese Prime Minister Antonio Costa in Lisbon on Friday.
- President Buhari who described the agreements as excellent foundations for increased bilateral trade also described Nigeria as one of the most attractive destinations for investment in Africa. He added that his government is prioritizing building a business-friendly environment.
Follow us for Breaking News and Market Intelligence.
Alternative Product for Market:
Rentolog electric water technology had been analyzed and found worthy for consumer taste. We give thanks to God who made this innovation possible.
HOW DO IT WORK?
When water is supplied to the tank, the water flows into a region, the region is blocked by an arc as in your conventional dam, the pressure of the water will increase, the arc opens and the pressure reduces. According to Bernoulli principle, the lower the pressure increases the speed of the fluid(water) and higher the pressure, the speed (velocity) reduces. The water speed is maintained by Pascal principle, which states the fluid at a point or region is evenly distributed . The flow to a region of empty space , gravity and magnetic field of the magnet pull it towards the turbine as in the mountain fall But for an effective precision the entrance to the turbine region will be small just like in the spark plug in Internal combustion engine. The reason is for the water to concentrate in the blade of the turbine for turning purposes . As the water turns the turbine , Faraday law of magnetic field will occur, the turning of the turbine blade will convert the circular motion to reciprocating motion. A small electric current will be supplied to the coil and the rotor which strengthens the electricity and supplies it to the battery, and your home. The water will flow back to the tank passing through the non return valve to continue the thermodynamic flow equation. This process conserves energy and requires minimum electricity to operate and also it is efficient. The body of the RET system is made of an insulator to prevent escape of electricity .