Nigeria Seeks Revived Trade, Air Links With Spain as Ikpeazu Presents Credentials

By —

Nigeria's Ambassador to Spain, Okezie Ikpeazu, has called for the revitalisation of existing bilateral agreements with Spain, including the Bilateral Air Service Agreement, to deepen economic cooperation between both countries.

Ikpeazu made the call after presenting his Letters of Credence to King Felipe VI of Spain at the Royal Palace in Madrid on Monday. The presentation formally marked the start of his diplomatic assignment to Spain, according to a statement issued on Tuesday by Oluwafemi Adeniyi, spokesperson for the Ministry of Foreign Affairs.

Tinubu's Message, Nigeria's Priorities

At the ceremony, the ambassador conveyed the greetings and best wishes of President Bola Tinubu to the Spanish monarch, government and people.

He reaffirmed Nigeria's commitment to strengthening bilateral relations with Spain, particularly in trade and investment, energy, infrastructure, agriculture, education, culture, tourism, security and people-to-people exchanges.

Ikpeazu also expressed Nigeria's readiness to work with the Spanish government, institutions and private sector to create new opportunities for economic partnerships and increase trade and investment between the two countries.

Push for Direct Flights, Broader Partnership

Speaking at a reception organised by the Nigerian Embassy in Madrid after the ceremony, Ikpeazu said existing bilateral agreements should be reviewed to reflect current economic and diplomatic priorities.

He singled out the Bilateral Air Service Agreement between Nigeria and Spain, stressing the need to facilitate direct air connectivity. Improved air links, he said, would help boost economic partnerships, tourism and people-to-people exchanges.

The ambassador called for a more robust and sustained bilateral partnership involving public institutions, the private sector, academia, cultural organisations, civil society groups and communities.

He said, "The relations between the two countries offer significant opportunities for expanded cooperation."

Ikpeazu thanked the Spanish government and people for the reception accorded him and pledged to advance Nigeria's interests while consolidating relations between both countries.

Diaspora Ties, Embassy Pledge

The ambassador acknowledged the contributions of Nigerians living in Spain, describing the community as an important bridge for promoting understanding, friendship and cooperation between the peoples of both countries.

He reaffirmed the commitment of the Nigerian Embassy in Madrid to promoting and protecting the interests of Nigerian nationals in Spain.

The reception, a vin d'honneur held in his honour, was attended by members of the diplomatic corps, representatives of the Spanish government, business and cultural stakeholders, members of the Nigerian community and other friends of Nigeria.

Ikpeazu said the embassy would continue to work with the Spanish government, diplomatic community, private sector, development partners and the Nigerian community to translate the goodwill between both countries into concrete outcomes.

Nigeria and Spain have maintained longstanding bilateral relations, with cooperation spanning economic, diplomatic, cultural and people-to-people ties.

For Nigerian businesses, the review of the air services agreement matters most. Direct flights would cut travel time and cost on the Madrid route, easing a route that currently leans on connections through other European hubs. Whether that translates into higher trade volumes depends on how quickly both governments move from talk to signed terms.

Forex News

Older Canadians Less Confident About Retirement, BlackRock Survey Finds
ABOKI FOREX
Nigeria lost $29.4bn manufacturing opportunity to imports in 2025, SEID report says
ABOKI FOREX
Naira slips to N1,331.6875/$ at official window, black market at N1,365
ABOKI FOREX
Naira Gains N0.82 to Close at N1,330.87/$ as Reserves Hit $54.98bn
ABOKI FOREX
Oil, rates and naira to drive Nigeria's Q3 market outlook
ABOKI FOREX
UK 'on thin ice' before Oct 28 Budget, warns ex-Bank of England chief economist Andy Haldane
ABOKI FOREX
FG clears N758bn pension arrears for 957,045 beneficiaries, PenCom confirms
ABOKI FOREX
Ghana's consumer inflation edges up to 5.2% in September
ABOKI FOREX
Diesel Pushes Inflation Far Beyond Oil as Scotiabank Warns This Is No Ordinary Energy Shock
ABOKI FOREX
Naira Falls to N1,362/$ in Parallel Market as Official Window Gains
ABOKI FOREX