BY ABAYOMI ADESHIDA
Arrangements have been concluded for the signing of a trade agreement between Nigeria and the State of Kuwait.
Minister of State for Foreign Affairs, Dr. Idi Hong, stated this at a special event to mark the 50th anniversary of the State of Kuwait, 20th anniversary of the Liberation Day as well as the 5th year reign of the Emir of Kuwait, Sheikh Sabah Al-Ahmad Al-Jeber Al-Sabah.
According to Hong, the document to be signed include the mutual assistance and co-operation in Customs matters agreement, avoidance of double taxation and prevention of fiscal evasion with respect to taxes on income and capital agreement also the trade, economic and technical cooperation agreement.
“The agreements, when concluded and signed, would give fillip to a more meaningful and concrete collaboration between the business communities of both countries”, he stated.
“The State of Kuwait and Nigeria have enjoyed warm and cordial relations which date back to the 1960s when Nigeria established diplomatic relations with Kuwait.
“The two countries share similar aspirations for development and improved standard of living of our people and the promotion of international peace and security in our respecytive regions and the world at large.
“In the early years, our relations have ben strengthened through strong political, socio-cultural ties that saw to the establishment by Kuwait, a reputable and successful tertiary school – the Sheikh Sabah Secondary School in Kaduna in the early 70s.
“In furtherance of this cooperation effort, Kuwait has continued to offer annually, not less than five secondary and university education scholarships to our nationals.
“At the moment not less than five hundred Nigerians are gainfully employed and contributing positively to the Kuwaiti medical sector and academia”.