Nigeria, Bangladesh Trade, Investment Ties Set to Expand
The Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, has reaffirmed Nigeria’s commitment to enhancing trade and investment partnerships. This statement follows his meeting with the Bangladeshi High Commissioner to Nigeria, H.E. Mr. Miah MD Mainul Kabir.
Bilateral trade between Nigeria and Bangladesh has more than doubled, reaching approximately $100 million. Nigeria aims to elevate this relationship to higher-value economic cooperation that will generate jobs, stimulate industrial growth, and attract increased foreign investment.
The Minister emphasised key sectors, including garments, agriculture, and maritime. He highlighted Nigeria’s potential to leverage international partnerships to boost domestic production, strengthen supply chains, and enhance export capacity.
“This engagement provides a pathway to strengthen economic ties and unlock greater value for both countries,” he stated. High Commissioner Kabir referred to Nigeria as a strategic partner in Bangladesh’s engagement with Africa, noting potential opportunities in manufacturing, pharmaceuticals, and energy.
Both sides agreed to advance discussions on essential agreements, including those related to double taxation and investment protection, to improve the ease of doing business, reduce trade barriers, and encourage greater private-sector investment in Nigeria. Ecobank Price Trend Standstill on Weak Investors’ Sentiment
