Angola plans to enhance its trade and bilateral relations with Nigeria, announced during its 49th Independence Day celebration. The Angola-Nigeria Bilateral Joint Commission will meet in 2025 to revise cooperation agreements. Ambassador Zau invited investors to explore various sectors in Angola, while the Nigerian Foreign Minister reaffirmed the commitment to strengthen bilateral relations.
Angola is poised to enhance its trading and bilateral relations with Nigeria, as announced recently at the celebration of Angola’s 49th Independence Day in Abuja. Ambassador Jose Bamoquina Zau, representing Angola in Nigeria and ECOWAS, stated that the year 2025 will commence with a meeting of the Angola-Nigeria Bilateral Joint Commission. This meeting aims to refresh and negotiate the legal frameworks governing political, economic, and military collaborations between the two nations. Ambassador Zau reflected on Angola’s historical ties with Nigeria, expressing gratitude for Nigeria’s support during Angola’s struggle for independence. He also emphasized Angola’s commitment to fostering business opportunities across multiple sectors, including infrastructure development, energy transition, and agri-food industries. An invitation was extended to investors to explore ventures in Angola, notably the Lobito Refinery and the Barra do Dande Free Trade Zone. In terms of bilateral cooperation, Zau noted the longstanding friendship with Nigeria, built on mutual support during tumultuous periods. He underscored ongoing collaborative efforts in the African Petroleum Producers Organization and the Gulf of Guinea Commission, focusing on shared interests in hydrocarbon reserves and sustainability initiatives. Moreover, the ambassador mentioned that Angola is advancing its investment landscape to attract foreign capital, citing $4 billion investments in renewable energy projects aimed at achieving 8 gigawatts of electricity by 2025. These improvements are designed to provide a conducive environment for Nigerian investors to capitalize on the various investment opportunities available. Correspondingly, Nigeria’s Foreign Affairs Minister, Ambassador Yusuf Tuggar, conveyed heartfelt congratulations to Angola on its National Day, reaffirming Nigeria’s commitment to maintaining solid relations with Angola for mutual benefit. Tuggar noted the shared endeavors to sustain the excellent relations established between both countries.
Angola declared its independence from Portugal on November 11, 1975, and has since undergone a transformative journey marked by civil strife and eventual stabilization. The relations between Angola and Nigeria are steeped in mutual history, with Nigeria often supporting Angola during its liberation struggles. As Angola continues to recover and develop, it seeks to solidify its relationships with other nations, with Nigeria being a significant partner due to geographic, economic, and cultural ties. The upcoming Bilateral Joint Commission meeting in 2025 represents a crucial step in enhancing these relations, especially in areas of trade, energy, and investment.
The engagement between Angola and Nigeria highlights the potential for strengthened economic ties and collaborative ventures that could benefit both nations significantly. As Angola prepares for the Bilateral Joint Commission Meeting in 2025, the focus on updating legal frameworks for cooperation is crucial for fostering an environment conducive to investment and economic growth. The positive gestures from both governments demonstrate a commitment to mutual success and enduring friendship.
Original Source: www.arise.tv
