Nigeria, Colombia sign deal to deepen political, economic ties
Nigeria and Colombia have signed a Memorandum of Understanding (MoU) on political consultations, marking a new phase in bilateral relations. The agreement was signed on Monday at the Nigeria-Colombia Bilateral Meeting and Business Forum, held at the Presidential Villa, Abuja, by Nigeria’s Minister of Foreign Affairs, Amb. Yusuf Tuggar, and Colombia’s Deputy Minister for Multilateral […]
Nigeria and Colombia have signed a Memorandum of Understanding (MoU) on political consultations, marking a new phase in bilateral relations.
The agreement was signed on Monday at the Nigeria-Colombia Bilateral Meeting and Business Forum, held at the Presidential Villa, Abuja, by Nigeria’s Minister of Foreign Affairs, Amb. Yusuf Tuggar, and Colombia’s Deputy Minister for Multilateral Affairs, Mauricio Jaramillo Jassir.
Jassir explained that the MoU provides for frequent political dialogue and visa approvals for Colombian diplomats, easing their engagement with Nigeria.
Speaking at the forum, Vice President Kashim Shettima urged both nations to harness their abundant resources for tangible economic gains, emphasizing the role of the private sector in driving growth.
“We must compare our differences and similarities, as well as our resources and potential. This is how we propel trade, investment, agriculture, culture, and knowledge exchange,” Shettima said.
The Vice President highlighted Nigeria’s economic diversification efforts, noting the need to move beyond crude oil into agriculture, minerals, and manufactured goods.
Shettima outlined Nigeria’s commitment to elevating agriculture from subsistence to agribusiness, through investments in livestock breeding, mechanization, fertilizers, and supply chain systems, adding that partnerships with Colombia will be crucial.
He identified agriculture, energy, and manufacturing as sectors ripe for collaboration, citing shared strengths in cocoa, coffee, tropical fruits, oil, gas, coal, and renewable energy.
To maximize opportunities, Shettima urged both countries to adapt swiftly to global trade policies, diversify exports, and foster investor-friendly environments.
On cultural ties, he added: “Culture is a bridge for innovation, economic development, and mutual prosperity.”