Secretary to the government of the federation, Boss Mustapha has called for increased trade volume between Nigeria and Ukraine .
He made the call yesterday during the Nigeria – Ukraine Trade and Investment round table meeting in Abuja .
According to him, the trade volume between Nigeria and Ukraine was $93.3 million as at November 2017 which he observed was a 4 per cent decrease in the 2016 figures.
He expressed hope that with the visit of the Ukrainaian delegation, the trade volume between the two countries will increase.
“The visit came at a time Nigeria is pursuing economic growth that will aid its vision of being among top 20 economies in the world.
“ As at November last year, trade volume between Nigeria and Ukraine was 93.3million which is a decrease by 4 percent in 2016. With your visit we hope the volume of trade would increase in 2018,” he said .
Mustapha is also seeking partnership with Ukraine on how to develop Nigeria’s water ways.
He said for the country’s economy to grow, Nigeria must develop its inland water ways to reduce traffic on the roads.
He added “Nigeria has 10,000 kilometers waters ways and 4,000 are navigable and I believe if fully developed, can take away pressure from our roads, bulk of our cargo can go on our water ways.
On her part, the Trade Representative of Ukraine, Deputy Minister for Economic Development and Trade of Ukraine, Natalia Mykolska said Nigeria is a long standing friend of Ukraine noting that Nigerian students in Ukraine are the best ambassadors for both countries.
According to her “Nigeria is a strategic partner, we believe trade is not a one way street, we need to think of import, export and joint cooperation.
“More than 10 Ukraine companies that represent different sectors of the economy are on this delegation.’’
Nigeria office of trade negotiations, chief trade negotiator director general, Ambassador Chinedu Osakwe said the global financial crisis of 2008 affected Nigeria and in 2014, the oil price crisis affected Nigeria also.
He also alluded to the fact that Nigeria and Ukraine have huge trade imbalances.