Nigeria, Japan trade hits $10b

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The yearly commerce between Nigeria and Japan is $10 billion, and it is anticipated that this figure will climb as both nations develop and focus on forging closer ties.

On visiting Saratu Umar, Executive Secretary of the Nigeria Investment Promotion Commission (NIPC) in Abuja, Japanese Ambassador Matsunnaga Kazuyoshi said that Nigeria has been a vital commercial partner of Japan.

Umar reaffirmed the Federal Government’s commitment to fostering a stronger commercial collaboration with the Japanese government in support of both nations’ investment drives.

The ES added that the Federal Government’s goal in creating the master plan for investment promotion is to entice more foreign investment into the nation.

She mentioned Japan as one of these nations where more Japanese businesses like Mitsubishi (which was represented by a delegation) would be attracted to assemble and manufacture their vehicles in Nigeria as ways to conserve foreign exchange and generate foreign exchange through the export of their products.

The Nation

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