News ID: 322180
Published: 0329 GMT June 10, 2022

Iran, Nigeria sign nine MoUs to boost economic, trade ties

Iran, Nigeria sign nine MoUs to boost economic, trade ties

Iran and Nigeria signed nine memorandums of understanding (MoUs) to expand their economic and trade ties.

Local media reports said that the MoUs covered various fields, including culture, tourism, petroleum, agriculture, sports and trade, Press TV reported.

They said that the agreements have been reached as part of a sixth round of intergovernmental committee meetings held between officials of Iran and Nigeria.

Heading a trade delegation to Tehran, Nigeria’s Minister of State for Foreign Affairs Zubairu Dada hailed the resumption of intergovernmental committee meetings between Iran and Nigeria after more than eight years.

He said the presence of the Nigerian trade delegation in Iran is a sign the African country is committed to implement bilateral agreements and contracts.

Iran’s Minister of Industry, Mine and Trade Reza Fatemi Amin said Iran and Nigeria are seeking to rebuild their ties, adding that trade between the two countries had increased threefold over the past nine months.

Fatemi Amin said, however, that an annual bilateral trade figure of $125 million does not match the position of Iran and Nigeria as two major economies in their respective regions.

He said launching direct flight routes between Iran and Nigeria will be a first step in facilitating trade between the two countries.

 

   
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