Nigeria Peddles Agriculture Resources

Trade talks with Iran reveal potential for better trade through agriculture industry.

Nigeria is looking for agricultural investment from the Islamic Republic of Iran as a way to break down trade barriers between the countries, according to Nigeria’s Minister of Commerce and Industry Achike Udenwa.

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Udenwa said Nigeria’s export to Iran is in the region of mere $491, 706 (US) while import into Nigeria from Iran is about $2.4 million.

Nigeria’s abundant resources in agricultural sector could help improve trade, he said. Its commodities include solid minerals and other comparative advantages waiting to be harnessed.

 

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