Nigeria, Israel to Expand Bilateral Trade

The Israeli Ambassador to Nigeria, Mr Guy Feldman, has revealed that Israel has evolved new measures to boost its trade with Nigeria. He noted that the current volume of trade between both countries is too low.

During a visit to the Bank of Industry (BoI) in Lagos, Feldman promised that Israel would assist Nigeria in the areas of agriculture, technology, renewable energy, communication, intelligence, security and water management.

Mr Waheed Olagunju, the Acting Managing-Director of BoI, said that improved business relations between the countries would broaden markets and enhance competitiveness.

Olagunju also noted that Israeli investors will benefit from Nigeria’s huge market, geographical location and also enhance the Federal Government’s Economic Recovery and Growth Plan (ERGP) aimed at promoting inclusive growth and building a globally competitive economy.

This Olagunju expects will be a win-win situation for both countries.