On March 23, 2026, Deputy Speaker Rt. Hon. Benjamin Kalu received a delegation of European parliamentarians operating under the First Step Forum, to discuss critical bilateral economic interests. The delegation was led by Swiss National Council member, Marc Jost.
This engagement was specifically aimed at strengthening international ties and fostering collaboration on several pressing and common global trade challenges. During this strategic session, Kalu reiterated his urgent call for increased technology transfer and meaningful local production partnerships with Europe.
Such partnerships serve as a clear pathway to harness Nigeria’s abundant raw materials while providing jobs for the growing youth. As he has always advocated, the concept of near-shoring holds the potential to transform economic realities across the entire continent.
This strategy involves relocating essential technology, finance, and industrial capacity much closer to the primary source of all raw materials. Rather than exporting primary resources in their raw form, Nigeria must prioritize significant value addition within its own national borders.
The Deputy Speaker stated that Nigeria must transition from being merely a supplier of commodities like cocoa and lithium today. He envisions the nation becoming a global hub for finished goods production to boost the overall national gross domestic product.
“Our cocoa should power thriving chocolate industries, just as our lithium deposits should position us for global battery production roles. This industrial shift is critical for the shift toward clean energy and ensures Nigeria remains relevant in the modern economy”.
“This specific model is not only vital for industrial growth but also essential for sustainable job creation for all citizens. Expanding opportunities at home will effectively address the root causes of irregular migration by providing hope for the younger generation”.
The Deputy Speaker remains optimistic that these strategic collaborations will eventually unlock the full economic potential of the Nigerian people. Building a future that truly works for everyone requires bold industrial policies and the support of our many international partners.
The First Step Forum delegation expressed their readiness to explore these opportunities while maintaining a focus on mutual growth and industrial development.
