Nigeria, Qatar sign BASA, taxation agreements

In continuation of President Muhammadu Buhari’s state visit to Qatar, Nigeria has signed a Bilataral Air Services Agreement, BASA, with the State of Qatar on Sunday in Doha. This is to allow direct flights between major cities in both countries.

Aside the BASA agreement, the two countries also signed an agreement to avoid double taxation and tax evasion on the sideline.

According to a statement from President Buhari’s Special Adviser on Media and Publicity, the Minister of State for Aviation, Senator Hadi Sirika, representing President Muhammadu Buhari, signed the air services agreement on behalf of the country while Qatar’s Minister of Transportation and Communications, Jassim Bin Saif Alsulaiti, signed on behalf the Emir of Qatar, Sheikh Tamim Bin Hammad Al-Thani. The agreement was signed in the presence of both leaders.

According to the statement, Sirika said after the signing of the agreement that the accord would promote trade, commerce, tourism and travel between both countries.

“Qatar is the richest country in the world at the moment in terms of per capita income, their economy is strong and their national carrier, Qatar airlines, is one of the most viable and most focused in the industry.

“They (Qatar airlines) presently fly to Nigeria but they want to fly to more cities and with the focus of the present administration in Nigeria on establishing a national carrier, we have commenced discussions on how we can partner with countries like Qatar in our quest to establish a national carrier”.

In the same vein, the Minister of Finance, Mrs Kemi Adeosun, who signed the agreement for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes income with her Qatari counterpart, Ali Shareef Al Emadi, expressed delight that the agreement which was negotiated since February 2015 has been finalised.

Read also: Again, Buhari leaves for Saudi, Qatar

“What is symbolic in this agreement is that the Qataris who are already investing heavily in Nigeria will bring in more investments because the earlier lack of an agreement to avoid double taxation was a stumbling block to some of the investors.

“I am very confident that the signing of this agreement will bring much more investment and business between Qatar and Nigeria,” she told reporters after signing the agreement.
In his remarks to journalists, the Minister of Foreign Affairs, Mr Geofrey Onyeama, said President Buhari and Sheikh Al-Thani had fruitful discussions on security, oil price stability, and the fight against corruption in Nigeria.

“The Qatari leader acknowledged that President Buhari has really created an enabling environment for businesses to thrive in the country.

“The Emir made the point on the war against corruption in Nigeria and the progress President Buhari is making in that front and they are of the opinion that if that problem is addressed with focused polices, the country will progress.

“The Emir also made it clear that the Qatari’s are ready to invest in Nigeria in a big way”, he said.

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