Wednesday, October 30, 2013

Nigeria, Spain trade hits 7 billion euros.



“One of the main reasons for the forum is not only to create a platform for European business but also what we are trying to do is to get people from Europe to have confidence in Nigeria.
“We are still after so many years battling with the same thing; the bad image of Nigeria and we have been trying to create confidence in Nigeria among Europeans,’’ she said.

The Spanish Ambassador to Nigeria, Mr Alvaro Aguilar, said that the volume of bilateral trade between Nigeria and Spain stood at seven billion euro in 2012. Aguilar disclosed this while briefing newsmen in Abuja at a briefing to herald the 2nd Nigeria-EU Business Forum organised by the EU Delegation to Nigeria.

He said that oil and gas accounted for 98 per cent of the country’simport volume from Nigeria.
“Spanish investments in Nigeria have increased by 25 per cent in the last year.
“In our commercial office in Lagos as well as our embassy in Abuja, almost every week we have new Spanish companies coming to Nigeria.

“They are interested in several sectors including infrastructure, construction, pharmaceuticals and industrial agreements,’’ he said.

The ambassador said that Spain was the fourth largest EU trading partner to Nigeria and observed that trade deficit which stood at about 400 million euro favoured Nigeria.

Also speaking, the Belgian Ambassador to Nigeria, Mr Dirk Verheyen put the volume of imports from Nigeria at three billion euro.

He said that Belgium was the third largest importer of goods from Nigeria, “majority of which are from the oil and gas sector.’’

On the 2nd Nigeria-EU Business Forum, Mr Andre Ronne, a Delegate of German Industry and ommerce, disclosed that 12 EU member countries have signified their intentions to participate.
Ronne said countries are Austria, Belgium, Czech Republic, Finland, France, Germany, Ireland, Italy, Netherlands, Spain, Sweden and theUK.

“It is an exchange platform for European and Nigerian companies, particularly in the private sector.
“The EU private sector stands for good quality products, reliability and interest in long term relations with countries like Nigeria,“ Ronne said.

Highlighting the importance of European-Nigeria trade and commerce, the German official said: “Nigeria is sub-Saharan Africa second largest economy after South Africa and the most promising business destination now for European companies.

“If they are interested in doing business in the continent it is definitely Nigeria.

“This is particularly so because South Africa is considered to be a saturated development market,’’ he said.

Ronne said that the forum would discuss the major challenges facing the Nigerian economy and proffer solutions, based on the viewpoint of the European private sector.

“One of the challenges is security, related to oil theft and the situation in Niger Delta and also related to the North,’’ he said.

He however commended the Nigerian government for doing quite a lot to create a stable business environment, particularly in Lagos.

Ms Paulette Van Trier, an official of the Nigerian-Belgian Commercial Information and Documentation Centre, said a major challenge for the forum was to change the perception of European companies on Nigeria.

“One of the main reasons for the forum is not only to create a platform for European business but also what we are trying to do is to get people from Europe to have confidence in Nigeria.

“We are still after so many years battling with the same thing; the bad image of Nigeria and we have been trying to create confidence in Nigeria among Europeans,’’ she said.

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