Nation-America Trade Volume Hits N34.6 Billion

This Day

3 October 2011

Nation-America Trade Volume Hits N34.6 Billion

The volume of trade between Nigeria and the United States of America (USA) has hit N34.6 billion in 2010, THISDAY has learnt.

The National President, Nigerian-American Chamber of Commerce (NACC), Mr. Sam Ohuabunwa, who made the statement at the recent 51st Annual General Meeting (AGM) of the chamber in Lagos.

He said this bilateral trade volume represents a 25 per cent increase over the 2009 figure.

He said Nigeria and the US have continued to be strong economic partners especially after the meeting with United States President, Barrack Obama by the President, Federal Republic of Nigeria, Jonathan Goodluck.

According to him, the bilateral discussion complements Nigeria's cooperation at the World Trade Organisation (WTO) and would hopefully result in stronger exchanges between both countries in the future.