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Nigeria-Malaysia Bilateral Trades Set for New High

Nigeria-Malaysia bilateral trade is in the region of $956 million, Aiyub Omar, High Commissioner of Malaysia to Nigeria has said.

Besides, Omar said no fewer than 3,386 Nigerian students are currently pursuing higher education in Malaysian public and private institutions.

Omar spoke at the weekend on the occasion of his country’s 67th Independence Day and 61st Malaysia’s Day anniversary.

He said Malaysia-Nigeria Diplomatic relations which will hit milestone of 60 years by 2025 is based on a mutual interest in the realms of politics, economics and social.

He said: “Globally, Nigeria is Malaysia 37th trading partner. Total bilateral trade between Malaysia and Nigeria in 2023 was $956 million (RM4.36 billion).

“For this year alone, our total bilateral trade until the month of July has been recorded at USD747 million. Nigeria is currently Malaysia’s 4th largest partner in Africa (after South Africa, Kenya and Cote d’Ivoire).”

The envoy also disclosed that his country has been contributing to the Nigeria’s development under the framework of South-South Cooperation commitment by providing our technical assistance and expertise.

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