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Nigeria partners MIKTA group to bolster economy

The federal government says it will continue to work closely with Mexico, Indonesia, the Republic of Korea, Türkiye, and Australia to bolster Nigeria’s economy.

• November 26, 2024
MIKTA
MIKTA

The federal government says it will continue to work closely with Mexico, Indonesia, the Republic of Korea, Türkiye, and Australia (MIKTA) to bolster Nigeria’s economy.

MIKTA, also known as the Middle Powers or Great Nations, came into being in 2013 as a group of countries coming together to foster mutual growth and tackle global challenges through shared experiences.

Foreign affairs minister Yusuf Tuggar disclosed this during the MIKTA Roundtable presentations on Monday in Abuja, which were organised to promote constructive exchanges on topics of shared interest.

According to Mr Tuggar, it is important to listen and learn how the countries in the group evolved, mitigated security crises, and achieved greatness.

The Nigerian minister said, “MIKTA has a diverse geographical constitution and cultural distinction, and as historically unique nations, they all stand out with commonwealth within them.

“They are committed to democracy and the Rule of Law in international cooperation. These values resonate strongly with Nigeria as a nation. In the past decade, the organisation has showcased its ability to collaborate on shared priorities such as women empowerment, climate change, economic development, and establishment of a unique role in global governance.

“One of MIKTA’s greatest strengths is its commitment to best practices. As Nigeria aims to build on achievements while tackling ongoing challenges, it stands to benefit immensely from the group’s extensive experience. Each member in the group brings a distinct narrative on lessons that can guide us forward.”

He described the group as an organisation platform for mutual learning and a bridge between regions and cultures, saying that the regular meetings of MIKTA president and foreign ministers on common goals illustrate commitment to fostering meaningful collaboration.

He stated that the model of dialogue and consensus building was something Nigeria deeply values while assuring the group that Nigeria will continue to strive to be a member of G20 and further strengthen bilateral and multinational ties.

(NAN)

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