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Envoy reveals trade volume of NGN 1.2 tn between Nigeria and Netherlands

The envoy also stated ‘‘The security and economic development of Nigeria is firmly on the agenda.’’


Devdiscourse News Desk Netherlands
Updated: 16-07-2018 10:17 IST
Envoy reveals trade volume of NGN 1.2 tn between Nigeria and Netherlands

Ngofa yesterday during the briefing to journalists express this in the Hauge, ahead of the President Muhammadu Buhari’s arrival to the Netherlands. (Image Credit: Twitter)

Ambassador of Nigeria to the Netherlands, Oji Ngofa, has articulated gratification with the existing volume of trade between the two countries, which stood at € 3 billion (N 1.2 trillion) in the first quarter of 2018.

Ngofa yesterday during the briefing to journalists express this in the Hauge, ahead of the President Muhammadu Buhari's arrival to the Netherlands.

He stated that the officials of the Nigerian Government would be on hand to have bilateral meetings with their Dutch counterparts in different areas, with all are prepared towards reforming the security, economy, and governance of Nigeria.

According to the envoy, Nigeria is working efficiently to diversify its export basis and raise the non-oil exports from the country to the Netherlands, in line with the administration's Economic Recovery and Growth Plan (ERGP).

"The latest figures released by the National Bureau of Statistics for the first quarter 2018 show that the Netherlands is currently Nigeria's largest trading partner with a trading volume of over € 3 billion Euro (N 1.2 trillion), this total is composed of imports from the Netherlands worth € 726 million Euro and exports to the Netherlands of € 2.29 billion. Nigeria, therefore, has a healthy trade surplus with the Netherlands," he stated.

The envoy also stated ''The security and economic development of Nigeria is firmly on the agenda.''

COUNTRY : Netherlands Nigeria

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