Nigeria Moved From 169 To 145 On EU Trade Ranking - EU Trade Rep.

Mr. Ibi Ikpoki of the European Union trade delegation said Nigeria has moved 24 places upward on the union’s ranking of trade strength of countries. He spoke at the ongoing on-going 4th International Agro-Food Fair, taking place in Lagos. The EU Trade delegate said that total EU trade in Nigeria increased by 27 percent from 19.9 billion Euros in 2016 to 25.3 billion Euros in 2017.

He said “This trade increase mirrors the improvements in Nigeria’s external trade as a country that exited recession in 2017. Permit me to use this opportunity to congratulate the Nigerian authorities for some notable feats experienced in 2017, including the improvement in ease of doing business. On ranking, we saw Nigeria jump 24 places from 169 to 145 and also emerged one of the topmost improved 10 countries.”

He also appreciated the efforts of the Nigerian government to develop agriculture sector and how the sector has played a huge role in the country’s exit from recession.