Thursday, June 26, 2025
  • About
  • Advertise
  • Careers
  • Contact
Newsroom Nigeria
  • Home
  • News
    • Across the Nation
    • Crime Watch
    • Metro
    • Political Arena
  • Politics
  • Opinions
  • Crime and Court
    • Judiciary
  • Business
    • Banking
    • Business and Economy
    • Business Life
No Result
View All Result
Newsroom Nigeria
Home Bilateral Trade

THE COMMONWEALTH IS MORE RELEVANT TODAY THAN IT HAS BEEN IN DECADES

If an alliance of primarily English-speaking nations rooted in common law and shared commitment to global rules didn’t exist, one would need to be created.

Newsroom Nigeria by Newsroom Nigeria
October 23, 2024
in Bilateral Trade, Foreign, VIEWPOINT/ISSUES
Reading Time: 3 mins read
0
SHARES
Share on FacebookShare on Twitter

By Bola Tinubu

The Commonwealth is more relevant today than it has been in decades
If there wasn’t this global alliance of mostly English-speaking nations based on common law principles, there would be a need to create one

Related posts

WEST AFRICA MUST TURN DEMOGRAPHIC STRENGTH AND MINERAL WEALTH INTO JOBS AND INDUSTRY, SAYS TINUBU

June 21, 2025

NIGERIA, BENIN SIGN INTEGRATION AGREEMENT AS PRESIDENTS TINUBU, TALON LEAD CALL FOR REGIONAL REFORMS

June 21, 2025

Commonwealth leaders are meeting this week on the island of Samoa for our bi-annual summit. Intense discussion over free and fair trade, security, and climate action are occupying us 56 members – all friends and allies.

If an alliance of primarily English-speaking nations rooted in common law and shared commitment to global rules didn’t exist, one would need to be created. Like-minded countries would naturally come together to amplify their values while also providing a mechanism to lend collective heft to the individual economic and geopolitical interests of each member.

The world already has such an organisation, and its bi-annual leadership forum – the Commonwealth Heads of Government Meeting (CHOGM) – is it. Yet, every two years like clockwork, the usual, ill-informed questions about the purpose and future of this oldest international organisation of partner nations appear: How can it survive its members becoming republics? What is the purpose of an institution that is neither a single market nor a regional political union?

The organisation’s demise has been predicted for decades, mostly because of the misunderstanding that becoming a republic means Commonwealth exit. Quite the opposite: it is in fact a path most members have trod.

When Nigeria became independent in 1960, the Commonwealth comprised ten member nations, three of which were republics. Nigeria became a member upon independence and then the fourth republic in 1963 – transitioning from retaining the late Queen as head of state to an elected presidency. Today, the Commonwealth boasts fifty-six members, of which two-thirds are republics. A few more would hardly rock the boat.

History aside, today the Commonwealth is more relevant than it has been in decades. The world is moving beyond regional trade and governance blocs, shifting towards global networks of nations with shared interests across regions and hemispheres.

The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) – spanning the Americas and Asia, and with the accession of the UK, Europe and binding 12 countries in a trade-based pact – is one example; the Alliance for Small Island States (AOSIS), an intergovernmental organisation of low-lying coastal and small island countries, comprising 39 nations stretching across all corners of the globe is another. Though one is for trade, the other for political salience, both are based not on geography but on a common interest – the convening principle for which the Commonwealth is the original item.

While multi-continental, global networks are back in favour, that doesn’t mean the Commonwealth could not benefit from a rethink. As President of the Commonwealth’s second most populous state, I believe more can and should be done together on economic cooperation and mutual political support.

Nigeria would like to see more significant intra-Commonwealth trade, an opportunity in we have collectively underachieved as an alliance. Take Africa. Twenty-one of the continent’s countries are also Commonwealth member nations. All are members of the African Continental Free Trade Agreement (AfCFTA), a 54-country continent-wide free trade zone.

Bi-lateral agreements between AfCFTA and leading Commonwealth economies such as the UK, India, and Australia would create a web of interlinked trade agreements among Commonwealth nations, driving closer cooperation and deeper integration across the Commonwealth. Britain has proposed a UK-AfCFTA trade agreement. Others should follow.

Nigeria urges larger Commonwealth economies to prioritise importing materials and foodstuffs from African Commonwealth nations. Supported by bilateral trade agreements, there’s no reason why African coffee or fresh produce couldn’t be offered to Western Commonwealth members at preferential rates in exchange for investment in local processing industries. This would not only integrate our economies but also provide nations like Britain with affordable products they can’t grow while creating jobs in Africa – reducing the need for migration by offering better opportunities at home.

Nigeria and all African nations seek Commonwealth support for a bid for permanent representation on the United Nations Security Council. Africa remains the only continent without a permanent seat on this crucial global decision-making body, even though it has been the subject of 70 per cent of its resolutions since the end of the Cold War. Africa remains a constant focus of the Security Council yet lacks a constant say.

The Commonwealth has finally begun caucusing as a group at the United Nations, a development that surprisingly only became official a few years ago. While not every vote is or should be taken as a bloc, one thing is clear: securing an African seat on the UN Security Council with Commonwealth backing would supercharge the relevance of our 56-country family. This move would decisively prove the Commonwealth’s importance and silence doubts about its future.

Far from done, the Commonwealth’s time has come.

 

-Tinubu is the president of the Federal Republic of Nigeria

ShareTweetSendShareShare
Previous Post

BREAKING! FG SCRAPS TWO MINISTRIES

Next Post

TINUBU SACKS FIVE MINISTERS, APPOINTS SEVEN NEW

Related Posts

Foreign

WEST AFRICA MUST TURN DEMOGRAPHIC STRENGTH AND MINERAL WEALTH INTO JOBS AND INDUSTRY, SAYS TINUBU

June 21, 2025
Foreign

NIGERIA, BENIN SIGN INTEGRATION AGREEMENT AS PRESIDENTS TINUBU, TALON LEAD CALL FOR REGIONAL REFORMS

June 21, 2025
Foreign

GLOBAL ECONOMY WILL NOT WAIT FOR WEST AFRICA TO GET ITS ACT TOGETHER – TINUBU TELLS ECOWAS

June 21, 2025
Bilateral Trade

TINUBU WELCOMES NEW INVESTMENT INITIATIVES FROM QATAR

May 9, 2025
News

Viewpoint: Reclaiming NNPC: A Necessary Reset to Rescue Nigeria’s Oil Industry from Systemic Rot By Bala Mohammed

April 4, 2025
Foreign

Viewpoint: As Trump Trumps Everything in Sight, By Bola BOLAWOLE

February 20, 2025
Next Post

TINUBU SACKS FIVE MINISTERS, APPOINTS SEVEN NEW

RECOMMENDED NEWS

FIRSTBANK ANNOUNCES NAME CHANGE OF ITS SUBSIDIARIES, REITERATES COMMITMENT TO BOOSTING CROSS-BORDER BUSINESS OPPORTUNITIES 

2 years ago

TINUBU APPOINTS OGUNJIMI AS ACCOUNTANT GENERAL OF THE FEDERATION

4 months ago

Viewpoint: Tobi, Ese: Two Most Important Nigerians

3 years ago

OBASA IMPEACHMENT: NOTHING HAS CHANGED, LAGOS ASSEMBLY UNITES BEHIND MERANDA

5 months ago

FOLLOW US

POPULAR NEWS

  • Troops Foil Deadly Terrorist Attack In Niger State, Lose 17 Soldiers

    Troops Foil Deadly Terrorist Attack In Niger State, Lose 17 Soldiers

    0 shares
    Share 0 Tweet 0
  • ADEBAYO HELD ALOFT THE BANNER OF THE UPN, LED BY OBAFEMI AWOLOWO, TINUBU PENS TRIBUTE TO A TRUE STATESMAN

    0 shares
    Share 0 Tweet 0
  • TINUBU SIGNS  FOUR TAX BILLS INTO LAW TO TRANSFORM FISCAL, REVENUE FRAMEWORK

    0 shares
    Share 0 Tweet 0
  • INEC Receives Applications To Register Obidients People’s Party (OPP), 109 Other Political Parties Registration

    0 shares
    Share 0 Tweet 0
  • Lagos Assembly Lauds Obasa’s Decade of Progressive Leadership, Proposes Legislative Institute t

    0 shares
    Share 0 Tweet 0
Newsroom Nigeria

This independent, liberal online news platform aims to inform citizens about important issues. NEWSROOM NIGERIA covers political, business, economic, national, and international news. They are committed to journalism ethics and hold the government accountable.

  • About
  • Advertise
  • Careers
  • Contact

© 2025 Newsroom Nigeria - Designed by Semasir Connect.

No Result
View All Result
  • Home
  • News
    • Across the Nation
    • Crime Watch
    • Metro
    • Political Arena
  • Politics
  • Opinions
  • Crime and Court
    • Judiciary
  • Business
    • Banking
    • Business and Economy
    • Business Life

© 2025 Newsroom Nigeria - Designed by Semasir Connect.