. Enables Return of $52.8 Million From the USA and Other Countries
ABUJA — The Minister of Foreign Affairs, Ambassador Maitama Tuggar, has affirmed that his ministry has enhanced Nigeria's foreign policy by increasing trust in the Nigerian passport, ensuring that no citizen will ever face humiliation overseas again.
Additionally, he mentioned that Nigeria’s Eurobond was met with 300% oversubscription, which signifies robust confidence from international investors.
The minister made these comments on Thursday during the 2025 Ministerial Press conference in Abuja. He also highlighted several accomplishments from the past year, such as assisting with the recovery of $52.8 million by the U.S. government for Nigeria, along with numerous significant economic and diplomatic successes achieved.
Strong citizen diplomacy safeguarding the respect and dignity of Nigerian citizens worldwide, along with proactive diplomatic efforts that advocate for better international treatment of Nigerians during each high-level visit and engagement.
“Amb. Tuggar highlighted enhanced engagement with the Diaspora, significantly boosting the efficiency of consular support services. The introduction of the Nigerians in Diaspora Database has resulted in over 11,000 registrations. This database strengthens connections within the diaspora community and aids in shaping policy plans.”
Among other accomplishments, the minister signed an MOU for solid mineral exploration, secured a $2 billion investment commitment for the Nigeria-Siemens Power Project, finalized an agreement with Union Bank of Nigeria and Germany’s DWS Group for a memorandum on renewable energy involving $500 million to export liquefied natural gas (LNG) to Germany.
The minister mentioned that his department secured $14 billion in investment pledges from Indian entities spanning various industries. Additionally, enhanced collaboration was established through memorandums of understanding signed between India and Kuwait as their partnership intensified.
In the case of the Netherlands, the ministry supported a €250 million investment aimed at bolstering current businesses in Nigeria. Additionally, they set up a Joint Business Council (JBC) designed to improve trading relationships, attract investments, foster business connections, stimulate economic development, ensure food security, and increase agricultural productivity with Qatar.
As stated by the Minister, because of his diplomatic activities, Russia has extended assistance in terms of equipment and training for Nigerian military personnel to boost both national and regional security. Additionally, a $500 million agreement for the licensing of a gas field has been refined through discussions with Saudi Arabia.
Regarding economic diplomacy, he mentioned that his ministry attracted investment pledges from Indian companies amounting to $14 billion across various industries through their support. Additionally, they have obtained €250 million for Nigerian enterprises from Dutch sources.
Other significant achievements include strategic memorandums of understanding (MOUs) signed with Germany, Saudi Arabia, China, and Equatorial Guinea, as well as France, Cuba, Qatar, the UK, India, and Brazil. These agreements aim at bolstering crucial sectors such as energy, petroleum and natural gas, agriculture, and infrastructure.
The Minister highlighted several key achievements in international relations: enhancing regional power; presiding over crucial ECOWAS meetings; tackling issues related to area safety and governmental stability; securing another term for Ambassador Bankole Adeoye as Nigeria ensured the re-election of one of its diplomats as AU Commissioner for Political Affairs, Peace, and Security, thereby solidifying its role as a leader in continental defense matters.
"Nigeria will keep its position on the African Union Peace and Security Council (AUPSC) for an additional three years," he stated.
Regarding the ECOWAS Trade Liberalization Scheme (ETLS), which aims to foster regional economic integration and free trade among member states, the Minister revealed that up until September 30, 2024, the unit had registered 965 Nigerian companies encompassing 11,160 products within this framework.
Previously, the Minister of Information and National Orientation, Mohammed Idris, affirmed President Bola Ahmed Tinubu’s administration's dedication to maintaining press freedom and fostering an supportive atmosphere for journalism in Nigeria.
This government views an independent and accountable media as crucial for effective governance, openness, and national progress. I wish to underscore that President Tinubu, being a leading advocate of democracy, is completely dedicated to safeguarding the constitutional rights afforded to every Nigerian. He also promotes productive critique and robust opposition due to their vital function in strengthening and expanding our democratic structure.
Provided by Syndigate Media Inc. ( Syndigate.info ).
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