Nigeria keen to increase trade with Bangladesh

Nigeria is interested in increasing trade and investment relations with Bangladesh, said a visiting delegation of the African country.

The Nigerian team led by Nigeria-Bangladesh Trade and Technology Forum (NBTTF) President Roberts Moses Achanya was holding a meeting with Md Jashim Uddin, president of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI), at the latter's office in Dhaka yesterday.

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."

In the meeting, Jashim Uddin urged the Nigerian delegation to visit the ongoing Dhaka International Trade Fair (DITF) in Purbachal to get better knowledge about Bangladeshi products.

Besides, liquefied natural gas can also be imported from Nigeria, he added.

In FY2021-22, Bangladesh exported goods worth $14.64 million to Nigeria whereas imported goods worth $476.64 million.

Mentioning the statistics, the FBCCI president said the trade potential in African countries, including Nigeria is huge. The government and the private sector should focus more on the Nigerian market, he added.