Nigeria and Japan currently conduct roughly ₦7.6 trillion worth of annual commerce as stated by NPA MD Mohammed Bello-Koko.

Nigeria-Japan Bilateral Trade Exceeds ₦7.6 Trillion Annually

This disclosure was made by Matsunaga Kazuyoshi, the Japanese Ambassador and Permanent Representative to the Economic Community of West African States (ECOWAS), while entertaining Mohammed Bello-Koko, the Managing Director of the Nigerian Ports Authority (NPA), and his management group.

Bello-Koko visited the Japanese Embassy in Nigeria to talk about new investment prospects that the Authority’s platforms may provide.

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The Japanese Ambassador and Permanent Representative to ECOWAS requested the visit.

The Japanese Ambassador thanked the NPA during the visit for helping to increase the value of trade between Nigeria and Japan, which he claimed now stands at $10 billion annually (N76trn).

Kazuyoshi vowed to facilitate a stronger alliance between the NPA and JETRO (the Japan External Trade Office).

“The current trade volume between both countries has now risen to $10 billion annually,” he explained.

Responding, Bello-Koko stated: “Given the national exigency of strengthening the value of the naira, we are keen on growing the export value of the growth in trade figures between Nigeria and Japan.

“We have new initiatives and offerings in place to support Nigerian exports and exporters, which we invite the global Japanese community,” he concluded.