Nigeria agrees to double Asian trade

Nigeria has agreed to double its bilateral trade volumes with the Asian region’s countries from $40 billion to over $80 billion within the next to two years, reports India’s Export Import News.

This decision was made at a stakeholder meeting between the Nigerian Ministry of Industry Trade and Investment and Nigeria’s ambassadors across fourteen Asian countries in New Delhi, India earlier this week.

Aside from boosting bilateral trade relations with existing partners, the meeting which was the first of its kind in over 50 years, will open fresh investment commitments to major Indian companies who are not yet present in Nigeria.

“It is only those who live in the past that still believe that the West can help us. The Asian continent has great regard for Nigeria as a country,” Nigerian High Commissioner to India, Ndubuisi Amaku was cited by Nigeria’s Ventures Africa online news site as saying.