The Speaker of the House of Representatives, Tajudeen Abbas has expressed the possibility of Nigeria increasing its earnings to about $2.5 billion annually from bilateral trade with Morocco.
“The current trade percentage between Nigeria and Morocco is said to have barely increased to 1.88 per cent in the last five years.
“If the trade barriers are removed, the possibility of increased trade relations by way of exports and imports would increase between the two countries,” he stated.
The speaker, who was represented by the Majority Leader, Julius Ihonvbere, made this known on Wednesday at a meeting with stakeholders on Nigeria-Morocco trade relations held at his office.
Abbas said he expected that the interaction would critically review the trade relations between Nigeria and Morocco to recommend “changes that are legislatively necessary to improve our trade relations and enable businesses from both countries to take maximum advantage of AfCFTA and other bilateral trade agreements to grow the GDP of our both countries.”
Read more at Newtelegraphng
“The current trade percentage between Nigeria and Morocco is said to have barely increased to 1.88 per cent in the last five years.
“If the trade barriers are removed, the possibility of increased trade relations by way of exports and imports would increase between the two countries,” he stated.
The speaker, who was represented by the Majority Leader, Julius Ihonvbere, made this known on Wednesday at a meeting with stakeholders on Nigeria-Morocco trade relations held at his office.
Abbas said he expected that the interaction would critically review the trade relations between Nigeria and Morocco to recommend “changes that are legislatively necessary to improve our trade relations and enable businesses from both countries to take maximum advantage of AfCFTA and other bilateral trade agreements to grow the GDP of our both countries.”
Read more at Newtelegraphng