Nigeria-Egypt trade volume hits $141m

The current trade volume between Egypt and Nigeria is $141 million, according to Nura Abba Rimi, the Nigerian ambassador to Egypt.Infomation Guide Nigeria

This is due to the fact that the inaugural Nigeria-Egypt Trade Conference and Exhibition (NETCE) is scheduled to get underway on Monday, October 10, 2022, in Cairo, Egypt.

The Nigeria-Egypt Cultural and Socio-Economic Forum (NECSEF), the Egyptian African Businessmen’s Association (EABA), and the Embassy of Nigeria in Cairo are working together to organise the two-day conference under the sponsorship of the Egyptian government.

Government ministers, governors, and ambassadors from Nigeria and Egypt will attend the conference, in addition to more than 300 other attendees, visitors, and exhibitors, according to a statement from Abdul-Razaq Saliu Musa, Executive Assistant to the President, NECSEF.

It stated, “Over the course of two days in the ancient city of Cairo, businessmen and women from Africa’s two largest economies will engage in Business-to-Business sessions, exchange ideas and attend exhibitions from participating Nigerian and Egyptian companies, showcasing their products and services.

“An industrial tour, scheduled for October 12, will afford the Nigerian participants to learn about the industrial environment and the latest technology in Egypt.

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“NETCE 2022 is meeting under the theme ‘‘For Africa, By Africa’’, exploring the African Continental Free Trade Area (AfCFTA).”

Speaking about the conference, the president of NECSEF, Mahmood Ahmadu, said:

‘‘We welcome all delegates to NETCE 2022. Twice we have had to postpone this meeting but we are excited it is happening and it is providing limitless opportunities for us to enhance trade between Nigeria and Egypt to a new and enviable height.’’

The statement added that earlier on Sunday, the organisation took advantage of the gathering to inaugurate its corporate office in Cairo.

“The building co-locates Online Integrated Solutions (OIS), a multi-national company also owned by Mahmood Ahmadu, which provides services for Nigerian Foreign missions, Nigerians in the Diaspora, and NECSE.

“The Nigerian Ambassador to Egypt, Nura Abba Rimi, put the current trade volume of the two countries at $141 million.”Jamb Result

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