FG seeks increased trade volume with Ukraine

trade deficit

The Federal Government on Thursday called for an increased volume of trade between Nigeria and Ukraine. Trade volumes between both countries is said to be at low levels.

The Secretary to the Government of the Federation (SGF), Boss Mustapha, made the appeal during the Nigeria – Ukraine Trade and Investment roundtable meeting in Abuja.

According to Mustapha, the trade volume between Nigeria and Ukraine was $93.3m as at November 2017.

He said this was 4 percent decrease from the 2016 figures.

The SGF expressed optimism that with the visit of the Ukrainian delegation, the trade volume between the two countries will improve.

He said, “The visit came at a time Nigeria is pursuing economic growth that will aid its vision of being among top 20 economies in the world.

“As at November last year, trade volume between Nigeria and Ukraine was 93.3million which was a decrease from the 2016 figures by 4 percent. With your visit, we hope the volume of trade would increase in 2018.”

He also called for partnership with Ukraine on how to develop Nigeria’s waterways.

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