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Nigeria, Swedish trade increases 20% annually

By Franklin Alli
Bilateral trade between  Nigeria and Sweden has been growing by 20 percent per annum.
“Swedish and Nigerian trade totalled $500 million  in 2008, and has grown more than 20 per cent per year since 2005,” said Chief Olayinka Ogunmekan, President of the Chamber.

He stated this when he led a delegation of the Chamber’s top ‘who’s who’ on a courtesy call on Vice-President Dr. Goodluck Jonathan.
The visit he said was a follow-up to the Vice-President’s visit to Sweden recently, when he led the largest Nigerian trade delegation to Sweden ever.He affirmed that business and trade between the two countries has enormous potential and could accelerate.

According to him, agriculture is one of the areas where synergies can be explored and business could thrive.“The Chamber is encouraged by the Government’s readiness to facilitate business and trade relations between Sweden and Nigeria. We are ready to do our part,”Ogunmekan said.

The Nigerian-Swedish Chamber of Commerce was established in 2004 and counts with over 50 participating companies. Trade and business exchange with Sweden has surged since 2008: Swedish Vice-Minister for Trade. Mr. Gunnar Wieslander visited Nigeria 5th-7th of March, whereas Nigeria’s Vice-President Dr. Goodluck Jonathan visited Sweden 10th-12th of May.


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