The federal government has called for increased trade volume between Nigeria and Ukraine which currently stands at $93.3 million as at November 2017.
The Secretary to the Government of the Federation, Mr. Boss Mustapha, made the call yesterday during the Nigeria-Ukraine Trade and Investment roundtable in Abuja.
“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 is a decrease by four percent in 2016.
With your visit we hope the volume of trade would increase in 2018,” he said.
The SGF also stressed the need for partnership with Ukraine on how to develop Nigeria’s waterways, stressing that the country must develop its inland waterways to reduce traffic on the roads.
“Nigeria has 10,000-kilometre waterways and 4,000 are navigable and I believe if fully developed.
” Also speaking, the Trade Representative of Ukraine and Deputy Minister for Economic Development and Trade, Natalia Mykolska, said “Nigeria is a long standing friend of Ukraine,” noting that “Nigerian students in Ukraine are the best ambassadors for both countries.
” “Nigeria is a strategic partner, we believe trade is not a one way street, we need to think of import, export and joint cooperation.
More than 10 Ukraine companies that represent different sectors of the economy are on this delegation – agriculture and food sector, grains and food cooperation, machine building factory, breaks and blots use in automotive sector, pharmaceutical sector, poultry, among other sectors,” she said.