Home » US Deputy Secretary of State Campbell commends Foreign Ministry on Galactica Funds Repatriation

US Deputy Secretary of State Campbell commends Foreign Ministry on Galactica Funds Repatriation

by admin
0 comments 1 minutes read

Odimmegwa Johnpeter/Abuja

US Deputy Secretary of State Kurt Campbell has commended the Nigerian government through the Ministry of Foreign Affairs for its close collaboration in successfully repatriating funds linked to forfeited luxury real estate and the Galactica Star Superyacht. This was contained in a statement signed by Alkasim Abdulkadir, Special Assistant on Media and Communications Strategy, to the Minister of Foreign Affairs.

During a valedictory telephone conversation with the Deputy Secretary of State, Kurt Campbell, he made the commendation and thanked Tuggar and his team. The repatriation negotiations, he said, had made him a believer in the country. He further pledged the support and cooperation of the incoming Deputy Secretary of State.

Tuggar thanked him for his dedication to the process and steadfast determination to bring the repatriation to fruition. The call addressed bilateral issues between the two countries, such as leveraging technology to turn digital assets like Binance into mutually beneficial opportunities for Nigeria to become a hub of data mining, data storage and artificial intelligence.

According to Tuggar, as energy producers, “Nigeria’s robust gas energy transition plans, like the African Atlantic gas pipeline traversing 15 African countries, can provide the requisite energy supply for crypto players and data miners. This has great potential, and we are counting on our allies like the United States and Morocco.”

Truly, Nigeria and the United States are going back to basics, back to strong values, and this is something we can build upon,” Tuggar added.

The repatriated funds will expand the Distributed Access Through Renewable Energy Scale-Up project through the Rural Electrification Agency (REA). The program is intended to increase access to electricity services in the country.
END

You may also like

Leave a Comment

* By using this form you agree with the storage and handling of your data by this website.

NEW_AFRICA-removebg-preview (1)

New Africa Horizon is platform for thought-provoking opinion journalism. Our mission is to provide a space for diverse perspectives and ideas on the political, social, cultural, and lifestyle issues that shape our world.

Edtior's Picks

Latest Articles

All Right Reserved. Designed and Developed by Pluxmedia Network.

Adblock Detected

Please support us by disabling your AdBlocker extension from your browsers for our website.