Nigeria is the number one and principal trading and commercial partner of Canada in Africa, according to Canada’s Deputy High Commissioner to Nigeria, Mr Jean Gauthier.

Gauthier spoke on Thursday in Lagos, at a one-day seminar on Oil Revenue, Transparency and Fiscal Federalism.
According to him, the volume of trade between the two countries has increased favourably in the past two years.

He disclosed that natural resources and servicing the extractive industry formed part of the improved relations between the two countries.

“Canada and Nigeria have so much in common and we share so many similarities that both countries are sometimes called the ‘twins financing two continents”’. Canada needs Nigeria’s oil and Nigeria is seeking Canada’s oil and gas technology and equipment,” Gauthier noted.

He said that oil revenue and fiscal federalism were constant reminders of the political regimes Nigeria and Canada lived in.