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NIGERIA-AUSTRALIA ECONOMIC FORUM by nigaustraliaeco: 9:26am On Dec 10, 2019
The Nigeria - Australia Economic Forum is a Forum powered by Trade Nigeria Organization for Public-Private Cooperation on business, investment and commerce to Australia.

Nigeria is Australia's 51st largest trading partner accounting for less than one percent of Australia's bilateral trading relationship.

Major exports included wheat, edible products and paper. Bilateral investment between Australia and Nigeria is minuscule, meaning opportunities abound in Australia Market for Nigeria’s.

Between 2016 and 2017, Australia and Nigeria enjoy a prosperous trade relationship. According to the Nigerian Investment Promotion Commission (NIPC)’s stats on Australian trade transactions, trade between the two countries was worth approximately 100 billion Nigerian Naira. Now the Australia/Nigeria Trade Partnership Has Grown Strong . Australia has heavily invested in Nigeria – and in the continent of Africa as a whole – because of its mining and oil activities.

According to The Sydney Morning Herald’s report on Australian mining companies, in 2017, Australia became the biggest international miner on the African continent.

On a positive note, Australian firms are being encouraged to invest in Nigeria outside of the mining and oil sectors. Logistics, transport, food, health, Agriculture, Electrical Electronics,,Infrastructural Development and Finance have all been highlighted by the NICP as areas where Australian businesses have strong reputations and therefore would provide an ideal opportunity for Nigerian investment.

Nigeria, given the online infrastructure, could also use e-commerce to sell its local goods to Australia. This could be especially effective given the high level of e-commerce transactions that take place in the region.

Prepare and Register today for the year 2020 edition of NIGERIA - AUSTRALIA ECONOMIC FORUM
Office Address: Edo House, Central Business District,Abuja.

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