Bangladesh and Nigeria Strengthen Defense Cooperation to Boost Trade and Investment

Bangladesh and Nigeria have recently deepened their defense cooperation in an effort to promote trade, education, and investment, particularly in the textile industry, which is a priority for Nigeria’s economic growth.

During the 50th anniversary of the establishment of diplomatic relations between Bangladesh and Nigeria and the 53rd Independence Day of Bangladesh, both countries acknowledged their shared history and goals, which have led to stronger collaboration in various sectors.

High Commissioner of Bangladesh to Nigeria, Masudur Rahman, highlighted the countries’ cooperation in the UN and other international organizations, where they often share identical positions and provide strong support for each other.

He also praised the leadership of Bangladesh’s founding father, Bangabandhu Sheikh Mujibur Rahman, and his daughter, Prime Minister Sheikh Hasina, for transforming Bangladesh into a developing, middle-income country.

Bangladesh has received much-needed support from Nigeria in being elected to the UN Human Rights Council (HRC), the International Maritime Organization (IMO), and in securing the post of Managing Director of the Common Fund for Commodities.

Both countries have also strengthened cooperation in the D8, the Non-Aligned Movement (NAM), the Commonwealth, the Organization of Islamic Cooperation (OIC), and other South-South and Triangular cooperation initiatives.

The Nigerian Minister of Foreign Affairs, Yusuf Tuggar, emphasized the importance of fostering trade relations with Bangladesh and expressed Nigeria’s aspiration to cooperate with the country in the area of textile development.

Nigeria aims to revamp its textile industries by learning from the experiences and best practices of its development partners.

As Nigeria continues to diversify its sources of revenue in line with the current administration’s renewed hope agenda, the country will focus on attracting foreign direct investments, skills, and technology to create wealth, jobs, and food security while eradicating poverty and driving economic growth.

The 4Ds Diplomacy Initiative will serve as a tool to achieve these goals and ensure that Nigeria and Bangladesh continue to build on their successes while forging new areas of cooperation in boosting trade and entrepreneurial partnerships.

The strengthened defense cooperation between Bangladesh and Nigeria is a testament to their commitment to promoting collaboration, friendship, and partnership for the mutual benefit of their countries and people.