LAHORE: Nigerian High Commissioner Abioye Muhammed Bello has said that his government has introduced e-visa on arrival facility for Pakistanis.
Speaking at a meeting at the Lahore Chamber of Commerce and Industry, he expressed the hope of getting the same facility for Nigerians intending to visit Pakistan.
LCCI president Mian Nauman Kabir, senior vice president Mian Rehman Aziz Chan and vice president Haris Ateeq also spoke on the occasion.
The high commissioner said that Nigeria is importing textile products from India and China. “Pakistani textile products are the best in quality and have a great scope in the Nigerian market. Nigeria lacks expertise to run the industries. Pakistan should avail this opportunity through joint ventures,” he said.
Nigeria will extend cooperation to the private sector of Pakistan for joint ventures with their Nigerian counterparts, he said, adding that dissemination of trade-related information holds key importance in strengthening mutual trade relations.
Nauman Kabir said that the two countries are maintaining good diplomatic and economic relations.
“We are aware of the economic importance of Nigeria,” he said, adding that it is the biggest oil producer in Africa.
The bilateral trade volume dropped in 2020/21 but the situation has started to improve this year, he said, adding that in the first quarter of the current financial year (July-September 2021), Pakistan’s exports to Nigeria stood at $20.13 million, compared with $4.6 million in the same period of the last year.
Similarly, Pakistan’s imports from Nigeria in the first quarter of the current financial year (July-September 2021) stood at $43.9 million, compared with $18.6 million in the same period of the last year.
Kabir said that there is a potential of taking the trade volume to more than $1 billion.
“For this, we need to enhance trade and economic cooperation in the fields of light engineering products, surgical instruments, pharmaceuticals, automotive parts, sports goods and value-added textiles. Nigeria can benefit from our expertise in the IT sector. We will also welcome joint ventures to explore the tremendous potential of the tourism sector in Pakistan,” he said.