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Eu-nigeria Trade Hits 19.9 Billion Euros - Business - Nairaland

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Foreign Trade Hits N32.26tn In 2018 / Nigeria, UK Yearly Trade Hits £4.2b / China, African Trade Hits $170b Yearly (2) (3) (4)

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Eu-nigeria Trade Hits 19.9 Billion Euros by Truth234(m): 5:47am On Sep 21, 2017
Multilateral trade between Nigeria and European Union (EU) member states stood at 19.9 billion Euros in 2016, Fillippo Amato, the Union’s Head of Trade and Economic Sector, said yesterday.

According to him, the EU remains the top destination for oil and non-oil exports from Nigeria

“Despite the significant effect of recession on Nigeria’s trade, EU-Nigeria trade remains strong, standing at 19.9 billion Euros in 2016.

The EU official said the success of the Economic Recovery and Growth Plan (ERGP) launched by Nigeria in February depended on active private sector participation.

“On the other hand, creating jobs that will stimulate the economy and provide sustainable employment, particularly for young people, is crucial both for the present and future of Nigeria,’’ the envoy said.

The sixth EU-Nigeria Business Forum slated for October 5 and 6 in Lagos, with the theme: “Youth as an Engine of Broad-Based Economic Transformation.’’

Amato said the forum would focus on the role of youths in Information and Communication Technology (ICT) and Agriculture, which were key sectors to support the growth and diversification of the Nigeria economy.

“The forum will identify the key role of youths in digital economy and potentials of ICT in cross cutting themes and experiences shared from the EU.

“It will strengthen EU and Nigeria’s business relations through identification of opportunities in the agribusiness space in creating jobs, boosting exports and addressing local food security problems.

“The forum would also identify aspirations of young people, youth organisations and networks in view of the upcoming Africa-EU Summit, he said.

http://investorsking.com/eu-nigeria-trade-hits-19-9-billion-euros/

2 Likes 1 Share

Re: Eu-nigeria Trade Hits 19.9 Billion Euros by akpur1(m): 5:58am On Sep 21, 2017
How come this doesn't have effect on the economy

1 Like

Re: Eu-nigeria Trade Hits 19.9 Billion Euros by natureem: 7:15am On Sep 21, 2017
akpur1:
How come this doesn't have effect on the economy
Because change is a process

9 Likes

Re: Eu-nigeria Trade Hits 19.9 Billion Euros by CHANNELStv2020: 7:17am On Sep 21, 2017
WHERE THE MONEY DAY GO?WE NO KNOW, USELESS GOVERNMENT.
Re: Eu-nigeria Trade Hits 19.9 Billion Euros by yashau(m): 7:20am On Sep 21, 2017
good
Re: Eu-nigeria Trade Hits 19.9 Billion Euros by akpur1(m): 7:23am On Sep 21, 2017
natureem:

Because change is a process
will you keep quiet
Re: Eu-nigeria Trade Hits 19.9 Billion Euros by Ololanla: 7:24am On Sep 21, 2017
Ok
Re: Eu-nigeria Trade Hits 19.9 Billion Euros by nkwuocha: 7:28am On Sep 21, 2017
akpur1:

will you keep quiet

grin ;��� grin grin grin
Re: Eu-nigeria Trade Hits 19.9 Billion Euros by Nobody: 7:34am On Sep 21, 2017
One Day One Day Monkey Go Go Market E No Go Come Back Again undecided
Re: Eu-nigeria Trade Hits 19.9 Billion Euros by medolab90(m): 7:38am On Sep 21, 2017
next
Re: Eu-nigeria Trade Hits 19.9 Billion Euros by SurePresident: 7:38am On Sep 21, 2017
Going for my portion.
Re: Eu-nigeria Trade Hits 19.9 Billion Euros by hardywaltz(m): 7:40am On Sep 21, 2017
IPOB will not like this.

2 Likes

Re: Eu-nigeria Trade Hits 19.9 Billion Euros by Nobody: 7:42am On Sep 21, 2017
Trade could be heavily weighted in one direction.

97% of Nigeria exports to the EU are oil and gas components http://africabusinesscommunities.com/news/nigeria-eu-trade-volume-hits-€39-billion.html
Re: Eu-nigeria Trade Hits 19.9 Billion Euros by NtoAkwaIbom(m): 7:46am On Sep 21, 2017
Na this same EU wey Ipob want make e join dem. When EU is reaping big and has business interests here.. Una nefa start

3 Likes

Re: Eu-nigeria Trade Hits 19.9 Billion Euros by babaolofin: 7:48am On Sep 21, 2017
akpur1:

will you keep quiet

You people cannot sound sane for once. If you don't understand sound argument based on intellectual facts & principle, why not keep quiet?

4 Likes

Re: Eu-nigeria Trade Hits 19.9 Billion Euros by dolphinife: 7:53am On Sep 21, 2017
Thought EU has placed embargo on Nigeria
Re: Eu-nigeria Trade Hits 19.9 Billion Euros by babaolofin: 8:09am On Sep 21, 2017
My advice to the economic team of the government is to be careful about signing the EU Economic Partnership Agreement (EPA) with ECOWAS. Now, only Nigeria is delaying this agreement, Gambia is inconsequential. Despite this figure of trade, there will be unfavourable balance of trade against Nigeria being a developing economy. Our manufacturers must be protected. The industries in Lagos alone are more than the industries in the most industrialised country of ECOWAS. If we now bring the industries in Anambra, you will know that Nigeria has a lot to consider.

The other ECOWAS countries have nothing to suffer. EU has been doing various analysis to Nigeria which I believe is to make us to sign this agreement.
Re: Eu-nigeria Trade Hits 19.9 Billion Euros by natureem: 8:21am On Sep 21, 2017
akpur1:
will you keep quiet
I see you've been well served...So I rest my case.
Re: Eu-nigeria Trade Hits 19.9 Billion Euros by youngbabaj(m): 8:28am On Sep 21, 2017
I don't understand anything here, but am sure we're making progress as a country
Re: Eu-nigeria Trade Hits 19.9 Billion Euros by greatiyk4u(m): 8:38am On Sep 21, 2017
youngbabaj:
I don't understand anything here,
but am sure we're making progress as a country


This is called sincere Ignorance which is dangerous

2 Likes

Re: Eu-nigeria Trade Hits 19.9 Billion Euros by palladin: 8:55am On Sep 21, 2017
Good stuff

Check out interesting facts that will blow your mind

https://play.google.com/store/apps/details?id=com.hydraapps.factsbook

Re: Eu-nigeria Trade Hits 19.9 Billion Euros by lincolnj88: 9:12am On Sep 21, 2017
grin balance of trade deficit... I am sure
Re: Eu-nigeria Trade Hits 19.9 Billion Euros by 400billionman: 9:58am On Sep 21, 2017
Is Nigeria on a Trade surplus or deficit with the EU ?
Re: Eu-nigeria Trade Hits 19.9 Billion Euros by 400billionman: 10:02am On Sep 21, 2017
natureem:

Because change is a process

So we should concentrate on Bureaucracy and Process instead of Results ?
Re: Eu-nigeria Trade Hits 19.9 Billion Euros by youngbabaj(m): 11:48am On Sep 21, 2017
greatiyk4u:


This is called sincere Ignorance which is dangerous

when you're through quoting me, lemme know
Re: Eu-nigeria Trade Hits 19.9 Billion Euros by natureem: 5:18pm On Sep 21, 2017
400billionman:


So we should concentrate on Bureaucracy and Process instead of Results ?

You can focus on whatever you want...what I know is every process do have a end, so wait for it

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