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Nigeria, Morocco Bilateral Agreements will shorten Nigeria’s recession – Elumelu

The Chairman of Heirs Holdings, Mr Tony Elumelu, has said the Bilateral Agreements signed between Nigeria and Morocco will help shorten Nigeria’s economic recession.

Elumelu made his stance known after participating in the signing ceremony of two of the bilateral agreements, at the State House, Abuja, on Saturday.

Twenty-one Bilateral Agreements were signed between Nigeria and Kingdom of Morocco during the 3-day official visit of the Moroccan King Mohammed VI to Nigeria.

The agreements included, the Memorandum of Understanding Relating to Potential Collaboration Between Heirs Holdings and Banque Centrale Populaire and Memorandum of Understanding between United Bank for Africa Plc and Attijari Wafa Bank of Morocco.

Elumelu, who is the founder of Tony Elumelu Foundation, commended President Muhammadu Buhari for his forsight and vision for the nation.

POWER: President Barack Obama of United States of America (right), Mr. Tony Elumelu (middle) and others discuss Africa's power sector transformation during a tour of the Ubungo Power Plant near Dar-es-Salaam, Tanzania, Monday.

“To me, what happened here today is just beyond one sector. We have seen the delegation of Morocco and we have also seen our own Nigerian private sector people.

“What we have done today in my view point will help further shorten our recession and take us to economic prosperity and boom again.

“I say this from the depth of my heart that I like it when our political leaders like Presidents begin to create platforms and opportunities like this for the private sector to grow because it is the private sector that will help to create employment.

“So, what has happened today is good and a big plus for our government and our President,’’ he said

Gov. Abubakar Badaru of Jigawa, who also spoke after the ceremony, described the signing of the agreement on the gas pipeline project as “a wonderful development’’ for Nigeria.

He said that many West African countries would witness economic prosperity as a result of the gas pipeline project.

“The gas pipeline is a wonderful development for the country. It will help the African regions as the pipeline passes across so many countries.

“We heard that power, fertilizer plants will be built, and many other developmental activities are going to happen around this agreement.

“So, I believe it will help the state governments because the economic fortune of the country will improve and when they improved it will reflect on the economies of the states.

”There will be job creation and a lot of employment and it is the citizens of the states that will benefit from the job creation.’’


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