Foreign News
Foreign Investors Explore Business Opportunities, Challenges in Nigeria
By Joseph Amah, Abuja
A group of foreign investors under the auspices of the European Business Chamber Nigeria (EuroCham), has indicated that European Union trade and investment are very much on top of its priorities, and they are also key priorities in the partnership between the European Union and Nigeria.
Speaking at the meeting of a delegation of European Union officials last weekend in Lagos with members of the European Business Chamber Nigeria (EuroCham) to discuss opportunities and challenges of doing business in the country. Samuela Isopi, the EU Ambassador in Nigeria, said the meeting gave opportunity to underline the fact that trade and investment are very much on top of EU priorities, and they are also key priorities in the partnership between the European Union and Nigeria.EuroCham is a business group uniting the main European investors and corporate organisations in Nigeria. Isopi stated: “The European Union as a bloc is already Nigeria’s largest trading partner and also the European Union is a very important investor in Nigeria. “We have European companies that have been here for a long time, that contribute to creating jobs and to the economic development of the country.”She said the EU would continue its dialogue with the Nigerian government on how to reinforce the economic partnership between the two entities.“Because development is about the private sector, about developing the economy, and when I say private sector it’s not only to attract or help European Union companies but also create good conditions for the Nigerian private sector to be able to contribute to the development of the country,” she added.
The meeting afforded members of the EuroCham to highlight some of the challenges their businesses face in the country. “These challenges are faced by both European and Nigerian companies and the companies of any other country. So this is part of our dialogue, to see how together we can help improve the business environment and how together we can actually deal with these challenges,” Isopi said.
John Taylor, EU Delegation to Nigeria and ECOWAS’ Head of Trade and Economics Section, said as Nigeria’s largest trading partner, the EU is committed to supporting the Nigerian government in developing its economy.
Foreign News
German, French Defence Ministers to Hold Talks Amid Trump Win
German Defence Minister Boris Pistorius is to travel to France for talks with his French counterpart Sébastien Lecornu on Wednesday evening, following Donald Trump’s victory in the US presidential election.
The talks are expected to focus on the consequences of Trump’s victory.
In particular for the future support for Ukraine, which has been fighting for more than two and a half years against Russia, as well as for European defence policy?
Washington has been a central provider of military support to Ukraine, which Trump has long criticized.
During his election campaign, Trump promised to end the war in Ukraine in a very short time and has held Ukrainian President Volodymyr Zelensky jointly responsible for the war.
(dpa/NAN)Foreign News
Macron, Scholz, other World Leaders Congratulate Trump
Congratulations for Donald Trump poured in early on Wednesday following his victory over challenger, Democrat’s Kamala Harris in the U.S. presidential polls.
“Ready to work together as we did for four years. With your convictions and mine, with respect and ambition.
“For more peace and prosperity, French President“, Emmanuel Macron, wrote on social media platform X.
“Congratulations to Donald Trump on his election victory, Ukrainian President Volodymyr Zelensky wrote on the platform X.
“I appreciate President Trump’s commitment to the ‘peace through strength’ approach in global affairs,” he added.
“This is exactly the principle that can practically bring just peace in Ukraine closer.
I am hopeful that we will put it into action together,” Zelensky wrote.German Chancellor Olaf Scholz also added his congratulations.
“For a long time, Germany and the U.S. have been working together successfully promoting prosperity and freedom on both sides of the Atlantic.
“We will continue to do so for the wellbeing of our citizens,” the chancellor wrote on X.
Earlier, Scholz and French President Emmanuel Macron spoke by phone about the election outcome.
A German government spokesman said the two European leaders had agreed to coordinate closely with each other.
“We will work in this new context for a more united, stronger, more sovereign Europe.
“In cooperation with the U.S. and defending our interests and values,’’ Macron wrote on X after the conversation.
The mood was ebullient out of Moscow, which has led a full-scale war against Ukraine for more than two and a half years, with no end in sight.
“Hallelujah, wrote Maria Zakharova, a spokeswoman for the Russian Foreign Ministry, on her Telegram channel, noting that the election winner was the one who loved his own country.
Former Russian president Dmitry Medvedev, who now sits on the Russian Security Council, said Trump has an important quality for Russia.
“As a businessman to the core, he cannot stand spending money on various minions and lackeys on idiotic allies, on stupid charity projects and on gluttonous international organisations.’’
He said it was a sad day for the scum in Kiev, in a post on Telegram.
Newly appointed NATO Secretary General Mark Rutte, whose alliance has a key role in the war on Ukraine, congratulated Trump on X.
“His leadership will again be key to keeping our Alliance strong,’’ Rutte added.
The conservative broadcaster Fox News had already declared Republican candidate Trump the overall winner against Democrat Kamala Harris, but other media networks and U.S. news agency AP had not done so.
Trump declared himself the winner in a speech to supporters in Florida.
German Chancellor Olaf Scholz added his congratulations.
“For a long time, Germany and the U.S. have been working together successfully promoting prosperity and freedom on both sides of the Atlantic.
“We will continue to do so for the wellbeing of our citizens,” the chancellor wrote on X.
Earlier, Scholz and French President Emmanuel Macron spoke by phone about the election outcome.
A German government spokesman said the two European leaders had agreed to coordinate closely with each other.
“We will work in this new context for a more united, stronger, more sovereign Europe.
In cooperation with the U.S. and defending our interests and values,’’ Macron wrote on X after the conversation.
European Commission President Ursula von der Leyen said she looked forward to working with the presumptive 47th president of the U.S. on a strong trans-Atlantic agenda that delivers for their people.
Von der Leyen said the European Union and the United States “are more than just allies,” bound by a “shared history, commitment to freedom and democracy, and common goals of security and opportunity for all.”
“Millions of jobs and billions in trade and investment on each side of the Atlantic depend on the dynamism and stability of our economic relationship,” she added.
Outgoing European Council President Charles Michel, meanwhile, said the EU looked forward to cooperating constructively with the US, while “defending the rules-based multilateral system.”
British Prime Minister Keir Starmer said the UK-US special relationship would “continue to prosper” following Donald Trump’s “historic election victory,” the PA news agency reported.
Congratulations also came from Italian Prime Minister Giorgia Meloni, who said the strategic connections between their two countries would now become even stronger.
“Good luck with your work, president!” the far-right prime minister added.
“Congratulations, Mr President … You made it happen!” Poland’s conservative nationalist president, Andrzej Duda, posted on X.
Dutch right-wing populist politician Geert Wilders, a declared Trump supporter who won the election in the Netherlands almost a year ago, joined in the chorus.
“Congratulations America! Never stop, always keep fighting and win elections!” Wilders wrote on X before the official result was announced.
Israeli Prime Minister Benjamin Netanyahu said it was “history’s greatest comeback.”
“Your historic return to the White House offers a new beginning for America and a powerful recommitment to the great alliance between Israel and America.”
Turkish President Recep Tayyip Erdogan said his “friend” Donald Trump had won the presidential election after a “great struggle.”
China, meanwhile, was more cautious in its response. Foreign Ministry spokeswoman Mao Ning said the election was a domestic affair that Beijing would handle as usual once the results are officially announced. (dpa/NAN)
Foreign News
Arab World Leaders Congratulate Trump on Victory
Leaders and monarchs across the Arab world praised Donald Trump on his election victory, amid uncertainty on how his presidency will impact the conflict in the Middle East.
“I wish him every success in achieving the interests of the American people,” said Egyptian President Abdel-Fattah al-Sissi.
He said that in view of “critical circumstances in the world,” cooperation between the U.
S. and Egypt, which along with Israel is among the largest recipients of U.S. military aid, was particularly important.Egypt is an important mediator in the conflict between Israel and Hamas in the Gaza Strip, along with Qatar and the United States.
Qatari Prime Minister Mohammed bin Abdulrahman described the U.
S. as a “key partner” for the Gulf emirate and the region.The largest U.S. military base in the Middle East is located in Qatar.
Jordan’s King Abdullah II sent Trump his “warmest congratulations” for the election victory.
He said he looked forward to renewed cooperation “in the service of regional and global peace.” Jordan is an important U.S. ally.
Iraqi President Abdul Latif Rashid wrote on X: “I am hopeful that the new American administration will foster much-needed stability and constructive dialogue in the region.”
Saudi Arabia’s King Salman bin Abdelaziz, Crown Prince Mohammed bin Salman and the President of the United Arab Emirates, Sheikh Mohamed Bin Zayed Al Nahyan, also conveyed their congratulations. (dpa/NAN)