Category: Diplomatic Channel

Positive reports on Nigerian diplomacy and international relations!

$67 Million World Bank Loan Accessed to Rehabilitate Hadejia Valley Dam

DBN

The Federal Government of Nigeria has accessed a $67 million World Bank loan to rehabilitate Hadejia Valley Dam in Jigawa to boost irrigation, water supply and fish farming in the area.

$60 million would be used to rehabilitate and expand the dam by 1,000 hectares and $7 million would be spent on dredging of the river from Tiga Dam in Kano State to Koli in Kirikasama Local Government Area of Jigawa.

The project execution is expected to commence by the end of first quarter.

Nigeria Ratifies WTO Trade Facilitation Agreement

WTO Trade Facilitation Agreement

Nigeria has made the list of World Trade Organization (WTO) members to approve the Trade Facilitation Agreement (TFA), which is expected to reduce trade costs by over 14% for low-income countries and more than 13% for upper middle-income countries by restructuring the flow of trade across borders.

The TFA contains a series of measures for expediting the movement, release and clearance of goods, including goods in transit across borders.

Besides Nigeria, other African countries that have approved the TFA are; Botswana, Niger, Togo, Côte d’Ivoire, Kenya, Zambia, Lesotho, Mali, Senegal, Swaziland, Gabon, Ghana and Mozambique.

NAF & Comp Air Aviation of USA Partner on Producing Multi-Role Light Utility Aircrafts

The Nigerian Air Force (NAF) has signed a Memorandum of Understanding (MoU) with Comp Air Aviation of USA to seal the partnership on production of multi-role light utility aircrafts towards developing indigenous capability for production of defence equipments.