Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,162,131 members, 7,849,546 topics. Date: Tuesday, 04 June 2024 at 12:02 AM

Seven Takeaways From President Buhari's Visit To Egypt- Garba Shehu - Politics - Nairaland

Nairaland Forum / Nairaland / General / Politics / Seven Takeaways From President Buhari's Visit To Egypt- Garba Shehu (508 Views)

BBNaija: Garba Shehu Reacts To Efe's Victory / 6 Takeaways From Buhari's Speech During 2017 Budget Presentation / Ten Takeaways From Buhari’s Visit To Germany – Garba Shehu (2) (3) (4)

(1) (Reply)

Seven Takeaways From President Buhari's Visit To Egypt- Garba Shehu by lamzybaby: 11:12am On Feb 23, 2016
In the difficult moments of our history, looking precisely at the period of Nigeria’s war of unity 1966-1971, Egypt proved to be a strategic partner from helping to train our military to support with equipment and aircraft maintenance. In the course of his bilateral meeting with the Egyptian leader, Abdul Fattah El-Sisi, President Muahmmadu Buhari recalled that in the course of his service in the army, he too received military training in Egypt. This 24-hour visit to to the Red Sea resort of Sharm Al-Shaikh was not just a ‘trip to Egypt’ as it has been wrongly portrayed, as if it were primarily bilateral in nature or a ritual courtesy call on President Sisi. The purpose was to promote investment and job creation in Nigeria and throughout West, Central and East Africa, together with other African leaders The Sharm el-Sheikh ‘Africa 2016’ conference aimed at tearing down trade barriers between North and sub-Saharan Africa – a partnership anchored by the continent’s biggest and third-biggest economies (i.e., Nigeria and Egypt) by the injection of life into a 26-nation free-trade pact signed by half the number of countries on the continent a year ago. The organizers brought together more than 1200 delegates to Sharm el-Sheikh, included among these the eight Presidents and Prime Ministers, ministers of trade and investment, representatives of global financial institutions, businessmen and investment executives. It is expected that this new pan-African initiative will directly benefit Nigeria in its efforts to expand and diversify jobs and exports beyond the oil industry – a core component of President Buhari’s economic vision for the country. Knocking down trade barriers within Africa will create new markets for Nigerian farmers, manufacturers and other businesses. In his opening remarks, Egypt’s President El-Sisi said that the forum aimed at “pushing forward trade and investment in our continent to strengthen Africa’s place in the world economy.” Nigeria’s President Muhammadu Buhari who touted an extensive economic agenda said that this is not without challenges. “The new problem affecting investment is international terrorism…lots of resources that could be used for development are being diverted to address security issues.” As he and many others noted, the only way this can be redressed is by widening the participation of the private sector in African economies, the very idea behind the conference in Egypt. One shining example of how this could be done came from the African Development Bank, ADB which announced through its President, Nigeria’s Akinwumi Adesina that the bank would be investing 12 billion Dollars in the energy sector in the coming five years to provide access to electricity. There are 645 million Africans without access to electricity. President Buhari’s visit to Egypt wasn’t limited to the business of “Africa 2016” in its success, as it turned out to be one that is a remarkable watershed in bilateral ties between the two states. While it was not surprising that El-Sisi rolled out the red carpet for President Buhari in line with what many say is a plan by Egypt to rebuild the country’s money-spinning tourism industry in tatters since the mid-air bombing in October of a Russian plane, killing all 223 tourists and crew, the truth is also that these two of Africa’s three biggest economies had been too far apart when it comes to trade. The two leaders also bonded well with each other at their first meeting in Addis Ababa early in the new year. By the last count, bilateral trade between the two states amounts to a meager USD 100 million, with Egypt drawing about 80 percent of the benefit.

Source http://nigerianpilot.com/seven-takeaways-from-president-buharis-visit-to-egypt/#sthash.IFEpqWyD.dpuf
Re: Seven Takeaways From President Buhari's Visit To Egypt- Garba Shehu by 0nyegame(m): 11:16am On Feb 23, 2016
Ok nah
Re: Seven Takeaways From President Buhari's Visit To Egypt- Garba Shehu by smoothpapuzy(m): 11:34am On Feb 23, 2016
Egypt support northern and western Nigeria to fight against southern Nigeria...
Who is the fight against this time?....

(1) (Reply)

Do You Still Believe In Nigeria / FG Unveils Plan To Split NNPC Into 30 Firms Next Week / Why i ordered the flogging of Delta women -Army unit commander.

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 13
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.