Would you like to receive notifications on latest updates of the following headlines?

N4.2tn Foreign MoUs signed Under Tinubu – Report

POSTED ON August 14, 2024 •   Breaking News      BY Abiodun Saheed Omodara
President Bola Ahmed Tinubu l Credit: file Photo

The Nigerian Government has entered into over 26 Memoranda of Understanding with foreign countries and agencies in the past year. 

The MoUs cover various sectors including infrastructure, education, trade and investment, tourism, security, information technology, culture, energy and gas, and sports. 

The total value of these agreements exceeds N4.2 trillion, though the exact worth of many was not specified. 

Additionally, the government signed an MoU with India in February 2024 to increase trade volumes between the two countries.

In November 2023, Nigeria signed a $500m renewable energy and gas deal with Germany. On September 27, 2023, Nigeria also signed an MoU with Russia on nuclear energy. 

On October 20, 2023, Nigeria signed an MoU with China on the provision of $2bn worth of infrastructure. On December 9, 2023, Nigeria signed an MoU with China to develop and establish a $150m Lithium-Ion battery manufacturing and processing factory. 

In December 2023 and March 2024, Nigeria signed MoUs with Russia and Qatar in the education sector. In February 2024, Nigeria signed an MoU with India to boost trade volume. 

On March 3, 2024, Nigeria signed an MoU with Qatar to establish a Joint Business Council. On March 19, 2024, Nigeria signed an MoU with Lab Four to provide 50,000 full-time business process outsourcing jobs over the next three years. 

On August 30, 2023, Nigeria signed two agreements with the United Nations Office on Counter-Terrorism to enhance collaboration in preventing and countering terrorism and violent extremism. 

On January 30, 2024, Nigeria signed an MoU with the United States to provide training for commanders of the Police Special Intervention Squad in combating banditry and other crimes.

On February 16, 2024, Nigeria signed an MoU with the United States on the preservation of a UNESCO Cultural Heritage Site in Adamawa State. 

On November 3, 2023, Nigeria secured a $600m I-DICE Financial Agreement with France to support digital and creative enterprises.

The delegation included 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.

Tuggar highlighted the long-standing relationship between Nigeria and the Nordic countries, particularly Finland's early recognition of Nigeria's republic status. 

He noted their consistent partnership in combating terrorism, especially in de-radicalisation and resettlement efforts in the Lake Chad region. 

The discussions also covered enhancing trade relations, with a focus on Nigeria's shift towards renewable energy sources, such as the launch of Compressed Natural Gas buses. 

Tuggar praised the Nordic countries' advancements in cyclical economy and renewable technology, and outlined potential collaborations in research and development. 

He also mentioned Nigeria's Technical Aid Corps, which deploys Nigerian professionals globally. 

Additionally, Tuggar confirmed that Nigeria had raised concerns about a controversial Biafra agitator Simon Ekpa with Finland.

READ ALSO
Controller General Issues Urgent Security Directive for Correctional Facilities
BY Abiodun Saheed Omodara June 4, 2025 0

The Controller General of Corrections, Sylvester Nwakuche, has issued a strict order to all Zonal Co...

READ ALSO
NEMA Mobilizes Teams to 15 States Amid Flood Warnings
BY Abiodun Saheed Omodara June 4, 2025 0

The National Emergency Management Agency (NEMA) has sent officials to 15 high-risk states to educate...

READ ALSO
Road Maintenance Crisis: FERMA Requires N880 Billion Yearly Amid Budget Shortfalls
BY Abiodun Saheed Omodara June 3, 2025 0

ABUJA, Nigeria - The Federal Government needs approximately N880 billion each year for the upkeep of...

READ ALSO
FG Declares Friday, Monday public holiday for Eid-el-Kabir
BY Abiodun Saheed Omodara June 2, 2025 0

The Federal Government has declared Friday, June 6, and Monday, June 9, 2025, as public holidays to...

READ ALSO
Lagos Govt. Threaten Closure of Market, Over Non-Compliance of Environmental Regulations
BY Abiodun Saheed Omodara June 2, 2025 0

LAGOS, Nigeria - The Lagos State Government issued a warning on Sunday to traders at Alabarago Marke...

READ ALSO
FG Unveils 77,400 Units to Combat Nigeria's Housing Shortage
BY Abiodun Saheed Omodara June 2, 2025 0

The Federal Government has launched a groundbreaking initiative as part of the Renewed Hope Agenda,...

READ ALSO
LASG Set to Revive Monthly Environmental Sanitation Exercise
BY Abiodun Saheed Omodara June 2, 2025 0

LAGOS, Nigeria - Determined to ensure Lagosians adhere strictly to the hygiene standards that befits...

READ ALSO
Bandits to Take Control of Governance - El-Rufai
BY Abiodun Saheed Omodara June 1, 2025 0

Former Kaduna State Governor, Nasir El-Rufai, has stated that Nigerians have permitted bandits to as...

OUR CHANNELS:

NEMA Mobilizes Teams to 15 States Amid Flood Warnings
BY Abiodun Saheed Omodara June 5, 2025 0

The National Emergency Management Agency (NEMA) has sent officials to 15 high-risk states to educate...


Edo Faces Diphtheria Outbreak, Two Confirmed Deaths
BY Abiodun Saheed Omodara June 5, 2025 0

EDO, Nigeria (NAN) - A diphtheria outbreak has been confirmed in Edo State, resulting in two deaths....


Tinubu Honors Bill Gates with National Award for Global Philanthropy
BY Abiodun Saheed Omodara June 5, 2025 0

LAGOS, Nigeria - President Bola Tinubu commended Bill Gates, the co-founder of Microsoft and chairma...


Bahrain, Colombia, DRC, Latvia, and Liberia Join UN Security Council for 2026-2027 Term
BY Abiodun Saheed Omodara June 5, 2025 0

The UN General Assembly on Tuesday elected five new non-permanent members to the UN Security Council...


Tinubu Orders Urgent Repairs on Flood-Damaged Bridge in Mokwa
BY Abiodun Saheed Omodara June 5, 2025 0

NIGER, Nigeria (NAN)- President Bola Tinubu has instructed the Federal Ministry of Works to repair t...


Nigeria Needs ₦2.2 Trillion to Eliminate Cervical Cancer by 2030, Says Task Force Chair
BY Abiodun Saheed Omodara June 5, 2025 0

ABUJA, Nigeria — Nigeria will need ₦2.2 trillion to roll out comprehensive cervical cancer ini...


EFCC Charges Two Men for Posing as Fake Sureties in Illegal Mining Case
BY Abiodun Saheed Omodara June 4, 2025 0

The Economic and Financial Crimes Commission (EFCC) has charged two individuals, Shehu Abdu and Isah...


Court Sentence Scrap Seller to 12 Years for Sexual Assault of Four-Year-Old Girl
BY Abiodun Saheed Omodara June 4, 2025 0

A scrap seller, Nasiru Usman, was sentenced to 12 years in prison by an Ikeja Sexual Offences and Do...


70-Year-Old Faces Manslaughter Charges After Fatal Accident
BY Abiodun Saheed Omodara June 5, 2025 0

LAGOS, Nigeria - A 70-year-old man, Isiaka Afolayan, has been detained for careless driving and the...


Police Arrest 49 years old Suspect for Abduction of Two-Month-Old Baby
BY Abiodun Saheed Omodara June 5, 2025 0

DELTA, Nigeria - The police in Delta reported the arrest of a suspect named Joy Temitope for the abd...


More Articles

Load more...

Menu