From: Bamidele Fashube, Abuja
THE Federal Government and Iran on Friday agreed to partner by establishing a binational commission to promote irrigation farming and petrochemical in Nigeria.
Garba Shehu, Senior Special Assistant to the President on Media and Publicity disclosed this in a statement made available on his social media handle.
Aside, the commission would also promote trade, investment, and technology transfer.
“I will work very hard towards the joint commission. We will go back and identify sectors of common interest. In particular, we are interested in how you utilized your gas, with 95 per cent of your national population wired to gas,” says President Muhammadu Buhari following a meeting with the Iranian VP for Economic Affairs, Mohammad Nahavandian, in Malabo, Equatorial Guinea.
“The evolution of our gas industry is too slow. We are still flaring gas. I will work with you on how to harness and utilize our gas. I am very impressed.”
Nigeria and Iran have agreed to set up a binational commission that will promote trade, investment, agriculture and technology transfer, following a meeting between Pres. @MBuhari and Iranian VP for Economic Affairs, Mohammad Nahavandian, on Friday in Malabo, Equatorial Guinea.
— Garba Shehu (@GarShehu) November 29, 2019
Speaking at the bilateral meeting held on the sidelines of the 5th Summit of Gas Exporting Countries Forum, Buhari said he was impressed with the speed in transformation of Iranian oil & gas industry from what it used to be when he served as Nigeria’s petroleum minister in the 1970s
He asked to be given up to second quarter of 2020 on the modality of the binational commission.
The President said that Iran also flared gas in the 70s, expressing his delight that the fires had all been put out. He expressed optimism that Nigeria would soon attain the same feat.
“Instability and partisan politics thwarted all that, leaving us with just six, and the seventh we are now working on. We would have been earning more from gas,” he added.
The Iranian Vice President, who was emphatic that Nigeria and Iran can do a lot, said: “A lot can be done. We can do miracles. We have the vision.”
He suggested four major areas of economic cooperation: petrochemical, power, irrigation agriculture and industry.
The Iranian Vice President also offered cooperation in counter terrorism, citing the routing of ISIS in Iraq and Syria as major contribution to the global anti-terrorism efforts.
He used the meeting to brief the President on the political and security situation in the Middle East region.