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Malaysia to deepen diplomatic relations with Nigeria in trade, education

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Malaysia to deepen diplomatic relations with Nigeria in trade, education

Malaysia to deepen diplomatic relations with Nigeria in trade, education

Aiyub bin Omar, Malaysia’s High Commissioner to Nigeria, has reiterated his country’s dedication to strengthening diplomatic relations with Nigeria, particularly in trade and education, as they approach 60 years of bilateral relations by 2025.

Omar speaking at an event commemorating Nigeria’s 67th Independence Day and Malaysia’s 61st National Day on Friday in Abuja, highlighted Malaysia’s contributions to Nigeria’s development through technical assistance and expertise under the South-South Cooperation framework.

He said since 1981, 569 Nigerian government officials have benefited from the Malaysian Technical Cooperation Programme (MTCP) in various technical courses, including trade, economy, construction skills, and cybersecurity.

Omar emphasised the longstanding relationship between the two nations, built on mutual interest in politics and economy.

“In essence, our bilateral relations focus on trade, education, people-to-people contact, and bilateral development assistance.

“Globally, Nigeria ranks as Malaysia’s 37th trading partner, with total bilateral trade valued at USD956 million in 2023.

“This year, our bilateral trade reached USD747 million by July; Nigeria is currently Malaysia’s 4th largest trading partner in Africa, after South Africa, Kenya, and Côte d’Ivoire.

“Malaysia remains a preferred destination for Nigerian students pursuing tertiary education, with approximately 3,386 students enrolled in Malaysian public and private institutions.

“Malaysia’s journey to post-independence was marked by challenges, struggles, and negotiations among political parties, ultimately leading to self-governance.”

The Minister of Foreign Affairs, Amb. Yusuf Tuggar, represented by Amb. Mistura Abdulraheem, Director of the Asia-Pacific Division in the ministry, commended the Malaysian people for their unity, resilience, and progress.

He noted that Nigeria and Malaysia have a long-standing diplomatic relationship built on mutual respect, shared aspirations, and common interests, which have been strengthened through economic cooperation.

“Our two countries have enjoyed strong diplomatic ties for decades, built on a foundation of mutual cooperation in various sectors, including trade, education, and technology.

“A shining example is the collaboration between Nigeria and Malaysia, which has facilitated critical exchange in technology transfer, capacity building, and innovation.

“This partnership in technology highlights the potential of our countries working together to address the challenges of the 21st century.

“By leveraging Malaysia’s advancements in areas such as ICT, digital innovation, sustainable development, and oil markets, we are creating opportunities for our people and economies,” he said.

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Foreign

Trump calls for Keystone XL pipeline plans to be revived

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Trump’s historic New York hush money trial begins with jury selection

U.S. President Donald Trump has called for the revival of the Keystone XL pipeline, which would carry oil from Canada to the U.S.

Trump took to his online platform Truth Social to urge the company building the pipeline to come back to America.

“The Trump administration is very different, easy approvals, almost immediate start.

“If not them, perhaps another pipeline company. We want the Keystone XL pipeline built,’’ he said.

The pipeline, first proposed in 2008, has been controversial from the start.

It would carry crude oil from oil sands in Alberta, Canada to Nebraska in the Midwestern U.S., where it would link up existing pipelines that connect to the Gulf of Mexico and the Mississippi River.

It was opposed by environmental groups and Native American tribes.

A long-standing battle between the oil industry and environmentalists trickled into politics and U.S. and Canadian courts.

Then U.S. president, Barack Obama, rejected the project in 2015 due to environmental concerns before Trump revived it during his first term in office.

Then, in one of his first actions as U.S. president in 2021, Joe Biden revoked Trump’s permit for the pipeline, stating that its construction was not consistent with his administration’s economic and climate goals.

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Trump plans 25% tariffs on steel, aluminium imports

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U.S. President Donald Trump plans to impose tariffs of 25 per cent on steel and aluminium imports into the United States, he said on Sunday.

“Any steel coming to the United States is going to have them, 25 per cent tariff,” Trump said, according to journalists travelling with the president. When questioned about tariffs on aluminium imports, Trump replied, “25 Per cent for both.”

Trump also confirmed his plan to announce further reciprocal tariffs in the coming week.

He spoke of an announcement on Tuesday or Wednesday.

“Very simply, if they charge us, we charge them, Trump told reporters, adding that the tariffs would go into effect almost immediately.”

U.S. tariffs of 10 per cent on Chinese goods took effect from Feb. 4.

The planned tariffs of 25 per cent on Mexico and Canada were suspended for an initial period of 30 days following promises from the two countries to increase border security measures.

Trump won November’s presidential election promising to slap high tariffs on foreign goods to reduce U.S. trade deficits.

He implemented a number of duties during his first term from 2017 to 2021.

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U.S. president considering 25% tariffs on Canada, Mexico starting in February

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Trump’s historic New York hush money trial begins with jury selection

Donald Trump said tariffs of 25 per cent on products from Canada and Mexico could be introduced as early as February, hours after taking office as US president on Monday.

Speaking at the White House while signing various orders shortly after his inauguration, Trump said, “We’re thinking in terms of 25 per cent on Mexico and Canada, because they’re allowing vast number of people … to come in.”

“I think we’ll do it Feb. 1,” Trump added, referring to the potential start date for the tariffs.

Earlier on Monday, the Wall Street Journal reported that Trump did not intend to impose tariffs on trading partners like Canada, Mexico, and China.

Instead, he planned to instruct the authorities to assess trade relations with China and its neighbours on the North American continent, the Wall Street Journal reported, citing a summary of a planned memorandum and Trump’s advisers.

Shortly after winning the election in November, Trump threatened to impose tariffs on goods from Canada, Mexico, and China.

There are also fears in the EU that Trump could impose new tariffs.

Tariffs are a type of surcharge on imported goods. They are paid as goods enter the country.

Trump imposed a range of tariffs on imported goods during his first term in office from 2017 to 2021.

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