”Total volume of trade with Nigeria,around $10billion”

”Norway has comparative advantage in hydro power; we produce 99 per cent of our electricity from hydro power.
Norway produces 36,000megawatts from hydro power for five million people while Nigeria produces, on a good day, 3,600megawatts for 200million people.”

”Norway commited to over $20 million humanitarian aid,in the North East, over a three year period. ”-Norwegian Ambassador to Nigeria, Jens-Petter Kjemprud

The ambassador in an interview culled from Vanguard,said the total volume of trade with Nigeria,is around $10billion annually which is mainly in the oil sector, which includes subsea, offshore, repairs and shipping .”We have approximately one Norwegian ship docking in Lagos everyday which means we are ever present in the port of Lagos. We have a small amount of ships docking in Port Harcourt but we are putting a lot of emphasis on good cooperation with the Nigeria Ports Authority to have efficient services in Lagos and Port Harcourt which is important for Norwegian shipping.”

The ambassador also revealed that More than 50 Norwegian companies are doing business in Nigeria and they are organised along with their Nigerian sister companies in the Nigeria-Norwegian Chamber of Commerce based in Lagos. “The embassy is working very closely with the Nigeria-Norwegian Chamber of Commerce to promote and expand business between our two countries.’He also disclosed that no Nigerian company is based in Norway,but there are Nigerian companies investing in Norway.

Concerning the North East,he stated that his country hosted the Nigerian-Lake Chad Humanitarian Conference in February last year, which came out with almost $700million in commitments; Norway made a commitment over a three year period of approximately 100million Norwegian Koren (the range of $20million a year over a three year period). And according to him, Norway is also the biggest par capital donor to the general funds to organisations like UNICEF, UNHCR and UNDP.

On health,the ambassador hoped to have continued assistance to Nigeria through the Gavi initiative, through the WHO and other organizations to improve the health situation which is in a terrible state.He said”We are the third biggest contributor to the Gavi, the vaccine alliance and that way we hope to help contribute to improved health standard. But it also demands because that was what we discussed with the vice president, the minister of health and the minister of budget planning, that Nigeria has to also make commitments to the health sector themselves. As it is today, the Federal Government spends only 0.6 per cent of its budget on the health sector which is lower than any other country on the African continent, so the government has to do more and, based on the strong commitment from the government, the international community, including Norway, we will actually contribute.”

Concerning electricity power supply,the ambassador had this to say”’we have a Norwegian company engaged in a big solar plant in Jigawa; we are also looking into other areas of the solar power industry mainly in the off grid system.Norway has comparative advantage in hydro power; we produce 99 per cent of our electricity from hydro power. What that means is that we have a lot of capacity in the hydro power sector which can contribute significantly to ensuring better energy supply in Nigeria.

Norway produces 36,000 megawatts from hydro power for five million people, while Nigeria produces, on a good day, 3,600 megawatts for 200million people, which means that Nigeria has to produce its power from generators and from the use of diesel which is expensive and does not benefit manufacturing in the country. So we believe renewable, solar and hydro power has potentials in Nigeria and will benefit the economy immensely and in particular the manufacturing sector; we produce ten times more than Nigeria and for far less number of people. So it is an obvious area that we could cooperate and where we would be happy to work closely with Nigeria.

https://www.financialdigest.com.ng/blog/2018/03/25/we-produce-36000megawatts-from-hydropowercan-assist-nigeria-norwagean-ambassador/

Plsss, help the shiiithole