Breaking News

Nigeria-Israeli trade relations uneven — ENVOY

By Daniel Gumm
NIGERIA’S Ambassador  to the state of Israel, dada Olisa has described the trade relations between Nigeria and Israel as lopsided, saying that “there is nothing Nigeria is sending to israel.”

AMinistry of Foreign Affairs document had shown that the volume of trade between Nigeria and Israel had progressed to the tune of $1 billion per annum in favour of Israel.

“Trade between Migeria and Israel is actually a lopsided one in the sense that there is nothing Nigeria is sending to Israel,” Olisa is quoted by the News agency of Nigeria  (NAN) as saying, adding: “But the Israelis are in Nigeria as business men, they are in agriculture, communications, water management, they are even in defence and security sectors of Nigeria, so trade is lopsided.

He expressed concern that with the country’s abundant  agricultural produce and natural resourcesit had not been able to to export anything to Israel. “The agricultural policies and standard of our development is such that our agricultural products cannot enter Israel for now.”The envoy stated that in order  to address the imbalance in trade Nigeria needed to diversify its economy to include its tourism and culture.


Comments expressed here do not reflect the opinions of vanguard newspapers or any employee thereof.