ABUJA: According to the Nigeria-Iran Business Council (NIBC), the countries are interested in the development of cooperation and continuation of their partnership.
The NIBC announces that it was set to explore business opportunities in both countries for businesses. For this purpose the council offers relevant business information to prospective Nigerian businessmen and women seeking to do business in Iran.
Hassan Momoh, the president of VirginGold Nigeria Limited, urges Nigerian businesses to tap into the opportunities noting that the trade volume between the two countries was too low and unacceptable.
The organization’s president explained that the low trade volume between the two countries is caused by lack of information about business opportunities in Iran and Nigeria.
He added that with the lifting of economic sanctions imposed on Iran by the United Nations and United States, countries in Europe were already cashing in on this and Nigeria must not be left behind.
Momoh said: “Iran has always wanted to do business with Nigeria over the years because they believe that Nigeria is strategically placed in Africa and is at peace with almost all the countries of the world. But there have been paucity of information and data about the capacities and capabilities of either countries especially Iran.”
According to him, with Iran’s gross net income per capital of $15,780 (N3,142,200), Nigeria stands to benefit from its large and growing economy in all sectors.
