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Nigeria Strengthens Strategic Relationships with China, Russia, and the US Amid Toughening Economic Competition

2024-05-14 07:54:38.875000

The 6th edition of the US-Nigeria Binational Commission (BNC) was held in Abuja, Nigeria, with the theme 'Partnership for Mutual Benefit and Development'. Both countries committed to strengthening collaboration in various areas, including bilateral trade, energy, agriculture, technology, and counterterrorism efforts. Nigeria's Minister of Foreign Affairs, Yusuf Tuggar, highlighted the progress made in degrading Boko Haram terrorists and emphasized the government's focus on economic development and job creation through the use of technology. The US Deputy Secretary of State, Kurt Campbell, expressed the desire to expand engagement in security and regional issues. Nigeria also requested US assistance in returning funds looted by Nigeria's former military ruler, late General Sani Abacha, and his family. The Nigerian government previously secured the commitment of the US government and the Government of Jersey to return $308 million of Abacha's funds. Despite these efforts, there are reports of ongoing money laundering by past and present leaders in Nigeria. The BNC is crucial for addressing security challenges and promoting prosperity in Nigeria, particularly in the face of terrorism, banditry, and piracy.

Nigeria's Minister of Foreign Affairs, Yusuf Maitama Tuggar, stated that Nigeria will maintain strategic relationships with the United States, China, and Russia as they compete for a share of Nigeria's $473 billion economy. Tuggar emphasized Nigeria's commitment to strategic autonomy and non-alignment, stating that Nigeria does not want to see any foreign military bases in the country. He also highlighted Nigeria's successful efforts in tackling insecurity and conflict in Sierra Leone, Liberia, and the Lake Chad region. Tuggar's comments came during his working visit to the US following the US-Africa Business Summit and the U.S.-Nigeria Binational Commission meetings. He also discussed Nigeria's partnership with the US, including the push for Nigeria's enlistment as a permanent member of the United Nations Security Council. The visit was a result of the sixth U.S.-Nigeria Binational Commission held in Abuja. Both sides agreed to take steps to expand trade and investment ties. [f39a0edb] [6e1b1bba]

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