Speaker of the House of Representatives, Abbas Tajudeen, yesterday said that trade relations between Nigeria and the Kingdom of Morocco could yield as much as $2.5 billion annually.
The Speaker said the current trade percentage between Nigeria and Morocco, estimated to have increased to 1.88 per cent in the last five years, can be better if the trade barriers are removed.
He spoke through the House Leader Julius Ihonvbere at a meeting with stakeholders on Nigeria-Morocco trade relations held at his office.
Speaker Abbas expressed optimism that the interaction would critically review the trade relations between Nigeria and Morocco to recommend “changes that are legislatively necessary to improve our trade relations and enable businesses from both countries to take maximum advantage of AfCFTA and other bilateral trade agreements to grow the GDP of our both countries.
“We are prepared to partner with the Federal Ministry of Industry, Trade and Investment, Federal Ministry of Foreign Affairs and other relevant institutions, agencies, and corporate organisations to ensure that all trade barriers are resolved and removed.
“We are ready to work with our counterparts in the Parliament of Morocco through our Parliamentary Friendship Group with Morocco to speedily resolve any areas that need legislative attention.”
