The Ambassador of Cote d’Ivoire to Nigeria Kalilou Traore has disclosed that the official trade volume between his country and Nigeria has now reached around $1.5 billion.
Traore shared this information during an interview with the News Agency of Nigeria (NAN) on Sunday. He also noted that there is still room for improvement, especially in the domain of manufacturing products.
The ambassador mentioned that Cote d’Ivoire now collaborates closely with Nigerian business associations, the Nigeria Customs Service, the Federal Ministry of Industry, Trade and Investment, and the Ministry of Foreign Affairs to enhance trade between the two nations.
Traore highlighted that Nigeria is a significant importer, and there is an opportunity for Côte d’Ivoire to supply some of the products that Nigeria currently imports.
He said,
Nigeria and other countries in the ECOWAS sub-region seek to increase the volume of trade between them leveraging on the Africa Continental Free Trade Agreement (AfCTA).
The AfDB recently approved funds for the construction of the 1080km Lagos-Abidjan highway to encourage the ease of movement of people, goods, and services for $15.6 billion.
