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Insecurity: Turkish Drones, Helicopters to arrive in Nigeria – Ambassador

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Ambassador of the Republic of Turkey to Nigeria, Hidayet Bayraktar, has said that drones and helicopters from Turkey will soon arrive in Nigeria as part of efforts to strengthen the security architecture of the country.

Bayraktar made this known during the commemoration of the 99th National Day of the Republic  of Turkey in Abuja.

Bayraktar described the security support from Turkey to Nigeria as an achievement from the  defence cooperation  contract signed between both countries in 2021.

He said that Turkey was set to extend all kinds of support to Nigeria in its efforts to counter its security threats by sharing its experience, technical expertise and technology.

“The defence contracts signed between our countries last year, marked a historical record.

“Taking this opportunity, I am proud to announce that two of our flagship defence industry platforms, Bayraktar (TB-2) drones and (T-149) ATAK helicopters, are set to arrive Nigeria.

“We are confident that new Turkish defence products will support the efforts of the Nigerian Government and contribute immensely to the peace, prosperity and security of fellow Nigerians,” Bayraktar said.

Bayraktar said the that the Turkish Government  is also expecting the Nigerian Government to reciprocate its legitimate security concerns by taking the necessary steps against the strong presence of heinous FETO terrorist group in Nigeria.

“Remaining as the sole obstacle hindering our bilateral relations to develop further, we call Nigeria not to let terror groups undermine our excellent ties, by allowing this terrorist group to fund their illegal aims and activities, by generation of revenues in this country.

On the bilateral relations between both countries, Bayraktar said he was very proud that 2021 and 2022 had been a period of great achievements in the bilateral relations between Turkey and Nigeria.

Bayraktar  said that year 2022 which marked the 60th anniversary of the establishment of diplomatic ties with Nigeria, had indeed gained a huge momentum recently, with the reciprocal high-level visits of President Erdogan, in October, 2021 and President Buhari, in December 2021.

He said that with the current pace of increasing commercial relations, he was confident that Turkey would soon achieve the target of $5 billion of bilateral trading volume with Nigeria.

“These mutual high-level visits have provided the opportunity to underline our shared goal of strengthening our bilateral ties in every field, especially in terms of commerce, defence industry, energy, construction, manufacturing healthcare, education, tourism and culture.

“With its steady growth over the last decade and by emerging as an economic powerhouse in its region, Türkiye expressed its readiness to share its development experience with African States, to broaden and strengthen its cooperation in different areas.

“Today, Turkish business people  some of whom are present here tonight, are investing in numerous sectors, from Fast-Moving-Consumer-Goods to construction, from healthcare to transportation, from energy to agriculture.

“With the current pace of increasing commercial relations, I am confident that we will soon achieve our target of $5 billion of bilateral trading volume with Nigeria, which remains as one of our top trading partners in sub-Saharan Africa,” Bayraktar said.

Nigeria’s Minister of State for Foreign Affairs, Amb. Zubairu Dada, said that Nigeria and Turkey witnessed increased trade and bilateral relations since the high-level visit exchange between both Presidents in 2021.

Dada also said Nigerians remained keen in doing business with their Turkish counterparts which is reflected in the Turkey-Nigeria Business Congress held in September 2021 in Istanbul.

“Since the last series of consultations and exchange of visits at the highest political level, involving President Muhammadu Buhari and Turkish President, Recep Tayyip Erdogan, in Abuja and Istanbul in October and December, 2021, both countries have continued to seek new grounds to deepen relations, especially increase in trade volumes.

“I wish to happily note that Nigeria and Turkiye have demonstrated a strong commitment towards friendship in all our dealings, including people-to-people contacts in recent times.

“On this note, I wish to express my optimism that as Nigeria and Turkiye continue diplomatic engagements at the highest level, we would work together tirelessly to deepen engagements for the mutual benefits of our peoples,” Dada said.

Newsmen report that in attendance were members of the Diplomatic Corps, Minister of Environment, Mohammed Abdullahi, the Chief Whip of the Senate, Senator Orji Uzor Kalu and Turkish citizens. (NAN)

Foreign News

Israeli-Iran War: Expert Outlines Risks, Upsides for Nigerian Economy

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An economist, Dr Muda Yusuf, says the outbreak of war between Israel and Iran portends a combination of risks and upsides for the Nigerian economy, amidst the challenges of an already floundering global economy.Yusuf, Chief Executive Officer, Centre for the Promotion of Private Enterprise (CPPE), made this known on Sunday in Lagos in a statement.

He noted that economies around the world currently grappled with elevated geopolitical tension triggered by the Russian Ukraine war and now the Israel -Hamas conflict.
The expert said that energy cost escalation, high interest rate implications and money supply growth were the risks of the conflict.He noted that a major driver of energy prices in Nigeria was the global crude oil price and with the outbreak of the Israeli-Iranian war, crude oil prices surged to 75 dollars per barrel from 65 dollars per barrel a week before.
“This is a 15 per cent jump within days and has obvious implications for petroleum product prices globally.“Economies around the world; Nigeria inclusive, would witness a surge in the price of petrol, diesel, jet fuel, gas and related products in the near term.“This would have far reaching implications for many economies and businesses,” he said.Yusuf added that there was a risk of high monetary growth with an increase in revenue from the oil sector.He noted that money supply increased in the Nigerian economy as oil revenue increases because of the monetisation of oil receipts.According to him, this can pose additional inflation risk and exchange rate depreciation risk.The economist noted that this might also provoke tighter monetary policy stance, which could result in difficult credit conditions for businesses.Yusuf, however, said the historically positive correlation between crude oil prices, Gross Domestic Product (GDP) growth, and stock market performance.He said the outlook for the Nigerian stock market was therefore likely to be positive in the current context.As upsides for the Nigerian economy, Yusuf asserted that should the current conflict persisted and escalated, the surge in crude oil price would impact foreign exchange earnings with oil being the biggest earner for the country.“This would even be more impactful if output performance improves.“Crude oil price has surged to $75 per which is about 15 per cent higher than before the outbreak of the Israeli–Iran conflict.“This development would also positively impact the country’s foreign reserves, ensure better foreign exchange liquidity and ultimately the stability of the naira exchange rate,” he said.Yusuf added that the development would also positively impact the country’s revenue as the oil sector currently accounted for about 50 per cent of government revenue.According to him, an improvement in crude oil price would therefore have a significant impact on government revenue.He added that improvement in revenue would positively impact fiscal consolidation and hopefully moderate the growth of the fiscal deficit.“Investments in the oil and gas sector would post better returns if the conflict persists.“High oil price is good news for upstream oil and gas investors,” Yusuf said. (NAN)

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Trump Tells Iran to Make Nuclear Deal ‘Before it is too Late’

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 U.S. President Donald Trump has called on Iran to conclude an agreement with Washington on its controversial nuclear programme, amid a series of Israeli strikes on nuclear facilities and military leaders.

“There is still time to make this slaughter come to an end,” Trump wrote on his social media platform Truth Social on Friday.

“Iran must make a deal, before there is nothing left, and save what was once known as the Iranian Empire,” Trump continued.

“JUST DO IT, BEFORE IT IS TOO LATE.”

Observers consider it unlikely that Iran’s leadership would opt for a diplomatic approach in light of the Israeli attacks.

Israeli media reported that Tehran had retaliated with an attack involving about 100 drones, all of which were shot down.

“I gave Iran chance after chance to make a deal,” Trump wrote.

“The U.S. makes the best and most lethal military equipment anywhere in the World, BY FAR, and Israel has a lot of it, with much more to come and they know how to use it,” Trump wrote. (dpa/NAN)

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Pope Leo Prays for Victims of Austrian School Shooting

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Pope Leo XIV said on Wednesday that he was praying for the victims of the mass shooting in a school in the Austrian city of Graz.

“I would like to express my prayers for the victims of the tragedy at the Graz school,” Leo said during his weekly audience in the Vatican.

Leo added that he is keeping the families, teachers, and fellow pupils in his thoughts.

According to police, a 21-year-old former pupil at the school entered the grounds on Tuesday and opened fire, killing 10 pupils aged between 15 and 17 as well as a teacher.

He then shot himself.

Eleven people remain in the hospital, most of them in intensive care.

All are now reported to be in a stable condition.

Graz, in south-eastern Austria, is home to around 300,000 people. (dpa/NAN)

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