Foreign
Nigeria, Chad to set up joint business council

The Nigerian Investment Promotion Commission (NIPC) has pledged its support to work with relevant government Ministries, Departments and Agencies (MDAs) of both countries to set up the Nigeria-Chad Joint Business Council.
This is contained in a statement issued and signed by NIPC Head, Press and Protocol, Daniel Awurum on Monday.
The Council is expected to serve as a platform for the development of stronger commercial ties and the improvement of bilateral trade and investment flows between the two countries.
This is the outcome of a meeting between NIPC and a business delegation from the Republic of Chad, led by Nigeria’s Ambassador to Chad, Mr Sadique Abubakar and Ambassador of Chad to Nigeria, Mr Abakar Chiami in Abuja.
Mr Emeka Offor, Executive Secretary, NIPC, said: ”It will encourage, promote and coordinate investments in the country.”
Chiami, in a remark, stated that both countries recognised the potential value of the informal trade activities across their borders hence the need to formalise business activities between both countries.
Chiami, while making case for setting up the Joint Business Council, further suggested that NIPC should translate its Book of States into the French language.
This, he said would enable Chadian businessmen to understand and appreciate Nigeria’s investment environment.
On his part, Nigeria’s Ambassador to Chad stated that he has been particularly interested in increasing the trade and investment between both countries, since he assumed office in January 2021.
Abubakar, who was Nigeria’s former Chief of Air Staff said it was important to note that the trade and investment relationship between Nigeria and Chad, which were majorly informal, predated the political independence of both countries.
“I think we can also look forward to how we can promote trade through cargo flights between both countries,” he said.
The establishment of the Joint Business Council is expected to foster bilateral relations between key public and private sector stakeholders in both countries.
It will drive the actualisation of tangible investments which, will drive economic growth and development. (NAN)
Foreign
Trump calls for Keystone XL pipeline plans to be revived

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.
Foreign
Trump plans 25% tariffs on steel, aluminium imports

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

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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