Otunba Adeniyi Adebayo, Minister of Trade, Industry and Investment, has called for an enhancement of bilateral trade between Nigeria and the People’s Republic of Bangladesh.

Adebayo made the call at the weekend while speaking at the inauguration of the Commercial Display Room of the Bangladesh High Commission in Abuja, stating that he was delighted that the two-way trade between the two countries increased from US$11.27 million in Year 2018/2019 to US$144.75 million in 2019/2020.

He said there is need to further enhance the trade relations.

 The Minister noted that there are huge potentials for strengthening trade and economic relations between the two countries, which has largely remained unutilised.

“Nigeria under the visionary leadership of President Muhammadu Buhari enjoys a respectful place in the world, and it has already become the largest economy in Africa. Nigeria has taken a series of steps to diversify its export basket as too much dependence on its oil revenue cannot be a viable option.”