Iran and Nigeria have agreed to set up a joint economic committee to boost cooperation in various areas such as trade, investment, agriculture and technology transfer, according to Nigerian PM News.
The decision was made, as reported, during a meeting on Friday in Malabo, Equatorial Guinea between Nigerian President Muhammadu Buhari and Iranian Vice President of Economic Affairs Mohammad Nahavandian.
On the sidelines of the 5th Gas Exporting Countries Forum (GECF), the officials met.
Nahavandian, speaking at the meeting, referred to the great potential of the two countries to expand economic ties, saying, "Much can be done. We are ready to do miracles. We've got the vision."
He proposed four major areas for economic cooperation between the two sides – petrochemicals, energy, irrigation agriculture, and industry.
For his part, Buhari said he was impressed by the speed of the Iranian oil and gas industry's transformation compared to the time he was Nigeria's minister of petroleum in the 1970s.
He said, "I'm going to work very hard to get the Joint Committee set up. We're going to go back and identify areas of common interest."
"We're particularly interested in how you've used your gas, with 95% of your national population wired to gas," he said.
"Our gas industry's evolution is too slow. We're just gas flaring. I'll consult with you on how our fuel can be harnessed and used. I'm very impressed," added the official.
Tags : technology, Gas Exporting Countries, irrigation agriculture, national population ,