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/

How come this doesn't have effect on the economy

akpur1:
How come this doesn't have effect on the economy

Because change is a process

WHERE THE MONEY DAY GO?WE NO KNOW, USELESS GOVERNMENT.

good

natureem:

Because change is a process

will you keep quiet

Ok

akpur1:

will you keep quiet

;���

One Day One Day Monkey Go Go Market E No Go Come Back Again

next

Going for my portion.

IPOB will not like this.

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

Na this same EU wey Ipob want make e join dem. When EU is reaping big and has business interests here.. Una nefa start

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?

Thought EU has placed embargo on Nigeria

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.

akpur1:
will you keep quiet

I see you've been well served...So I rest my case.

I don't understand anything here, but am sure we're making progress as a country

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

Good stuff

Check out interesting facts that will blow your mind

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

balance of trade deficit... I am sure

Is Nigeria on a Trade surplus or deficit with the EU ?

natureem:

Because change is a process

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

greatiyk4u:


This is called sincere Ignorance which is dangerous

when you're through quoting me, lemme know

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