LAGOS : The Islamic Republic of Iran has said it is targeting increased trade volume and value in Nigeria from $50 million to $500 million. Mr. Saeed Koozechi, the Iranian Ambassador to Nigeria, disclosed this while addressing participants at the opening of a 3-day Iran solo exhibition in Lagos.
He said the exhibition is expected to open doors of opportunities for both Iranian and Nigerian companies and business. There were at least 15 Iranian companies showcasing Iranian made machines and various products in the Lagos exhibition.
“It will help to identify each other’s capacity in order to deepen trade relations between the two countries. Right now, Iranian companies do not know the opportunities available in Nigeria. And Nigeria is a very big market, especially with its big population and resources.
“This situation also applies to Nigerian businesses as they also know little about Iranian companies and the huge potential that the Iranian market offers. I believe that through this exhibition, a stronger connection will be fostered among the Iranian and Nigerian businesses. The exhibition will play a very key role in identifying the opportunities on both sides. I hope that as soon as possible we can have another exhibition in northern Nigeria,” Koozechi stated.
He said the Iranian Solo Exhibition in Nigeria will boost bilateral trade relations between Nigeria and the Islamic Republic of Iran as he is confident that entrepreneurs will explore the opportunities provided by the exercise.
