The Federal Government has signed new Memorandum of Understandings (MoUs), and agreements, with the Kingdom of Saudi Arabia on defence, security, human trafficking, and others.
The Minister of State for Foreign Affairs, Amb. Zubairu Dada, said, this at the closing of the second session of the Saudi/Nigerian Joint Commission Meetings in Abuja.
The MOUs on investment, as well as promotion and protection agreement on the avoidance of double taxation was put on hold due to absence of consensus, during the negations.
He said: “For the past two days, our experts and officials have been engaged in intensive negotiations on several draft agreements and MoUs presented by our two countries dealing with various aspects of Nigeria/Saudi cooperation.
” I am happy to learn that the discussions of these drafts held under three broad Working Groups, covering the fields of Education, Culture, Youths, Sports, Defence, Security, Drugs and Human Trafficking, Economic, Trade and Investment, Hajj, Labour, among others, were fruitful. I wish to commend our experts for the good work done.
Nigeria is honoured and pleased to have hosted the current second session of the Nigeria – Saudi Arabia Joint Commission. It is our firm belief that the conclusions and the outcome of this Session will go a long way in uplifting and advancing the existing level of our bilateral relations for the mutual benefits of our people”.
Nigeria he added, “is committed to implementing the MoUs and Agreements to be signed today with a view to elevating our cooperation to a higher level. We are also determined to continue discussions and negotiations with our Saudi brothers on the pending MoUs and Agreements which could not be concluded during the current session, particularly those on Investment Promotion and Protection Agreement and that on the Avoidance of Double Taxation”.
The Head of Saudi delegation and Deputy Minister of the Environment, Water and Agriculture, Engr. Ahmed Elkhemshi said, the most important incident is that the session witnessed the signing of an agreement between the Federation of Saudi Chambers and the Federation of Nigerian Chambers, to move forward and widen the horizon and provide opportunities for the private sector of both countries.
Engr. Ahmed Elkhemshi noted, that the MoUs and agreements were based on the desire of the Governments of the Kingdom of Saudi Arabia and the Republic of Nigeria to enhance joint cooperation, deepen the existing bonds of friendship between the two countries, and develop cooperation in economic, social and cultural fields, which was built on civilizational background since ancient times, as well as the common understanding to achieve the interests of the two countries and enhance cooperation between them.
This he said, is in addition to the advanced relations between the two countries.
“The meetings of the second session were held to complement this role and link bridges of communication between the two countries.
The Governments of the two countries hope that these meetings will be an appropriate means to review performance, evaluate implementations, develop appropriate solutions to address obstacles to what has not been implemented, and amend the path towards achieving the desired goals of bilateral cooperation between the two countries.
