With current trade value standing at £4 billion ($6.4 billion), Nigeria and the United Kingdom have expressed optimism as both countries look to double their bilateral trade by 2014 to £8 billion ($13 billion) by 2014.

To meet the trade target, Nigeria’s Minister of Trade and Investment, Olusegun Aganga and the United Kingdom Secretary, Department for Business, Innovation and Skills, Vince Cable said at a joint press conference yesterday that factors militating against effective trade between the two countries had been identified and were now being addressed to meet the 2014 deadline.

The Minister said the Small and Medium Enterprises sector and the Diaspora group will also be looked into.

Elsewhere on Ventures

Daily Brief Triangle arrow
Triangle arrow