BEVERLY HILLS, May 03, (THEWILL) – The Head of European Union (EU) delegation to Nigeria and ECOWAS, Ketil Karlsen, has revealed that trade volume between Nigeria and EU reached €25.3 billion in 2017.
He stated this in Abuja while fielding questions from journalists on the forthcoming Europe Day slated for May 9
The envoy said the figure was an increase of 27 per cent over that of 2016, which was €19.9 billion.
He said about 50 per cent of the 2017 trade value was in favour of Nigeria.
“About €25.3 billion was traded in 2017. There is clear significant surplus in the benefit of Nigeria. Of the trade volume, around 50 per cent more is actually benefitting Nigeria,” he said.
NAN reports that Karlsen said the EU remains the most significant trading partner for Nigeria, stressing that trade and investment was an integral part of Europe partnership with Nigeria.
