Nigeria keen to increase bilateral trade

Nigeria has shown its keen interest to increase trade and investment relations with Bangladesh, a visiting delegation has said.

The delegation led by President of Nigeria-Bangladesh Trade and Technology Forum (NBTTF) Roberts Moses Achanya expressed this interest in a courtesy meeting with FBCCI President Md Jashim Uddin on Tuesday.

The delegation also included NBTTF member Mr Leonard, National Identity Management Commission Secretary General Abubakar Aliyo Aziz and member Gumi Aliya Abubakar, said a press release.

At the meeting, Roberts Moses Achanya said, "The trade potential of the two countries is very high in the textile and ceramic sector. We are looking for joint ventures to expand these sectors. Nigeria has gas, oil, gold, steel and other mineral resources. So there are a lot of opportunities there."

In the Fiscal Year 2021-22 Bangladesh exported goods to Nigeria worth $14.64 million. And imports from Nigeria
were $476.64 million.

The FBCCI President Md Jashim Uddin said, “The market potential in African countries including Nigeria is huge. If the government and private sector give more focus there, Nigeria can be a big market for Bangladeshi products.”

Md Jashim Uddin urged the Nigerian delegation to visit the ongoing Dhaka International Trade Fair (DITF) in Purbachal to get a better knowledge about Bangladeshi products. Besides, LNG can be imported from Nigeria if necessary facilities are obtained, he added.

During the meeting, the FBCCI President informed the delegation about the Bangladesh Business Summit organized on the occasion of FBCCI's 50th anniversary in March. Nigerian businessmen are also invited to participate in the summit.