Market News

With total exports between Nigeria and Mexico valued at only about $94.30 million in 2022, the Executive Secretary/Chief Executive, Nigerian Export Promotion Council (NEPC), Nonye Ayeni, has said the council is currently working to further harness the full potential of both countries.

Speaking at a Business Development Session with the Mexico Delegation on Trade Mission to Nigeria and the ECOWAS led by Dr. Heriberto García, the NEPC boss said the trade relationship between both countries has the potential for immense growth.

She said Nigeria’s exports to Mexico included a variety of products, showing the diverse economy of the country.

Amongst the non-oil products exported to Mexico are agricultural products, such as cocoa and hibiscus, as well as solid minerals like tin and limestone.

Ayeni pointed out that building on the existing cordial relationship between the two countries, the meeting was aimed at having robust interaction between Mexican business delegates and Nigerian exporters to identify possible areas of collaboration for mutual benefits.

She said the programme will culminate in the signing of a Memorandum of Understanding (MOU) between NEPC and Mexican Business Council for Foreign Trade, Investment and Technology (COMCE).

The NEPC boss further explained that the MoU was a prelude to jointly working in a number of areas of cooperation between council and COMCE.

The scope of the cooperation will cover promotion of trade, investment and commercial exchanges between both countries, and exchange of printed or electronic information, reports and publications on issues of mutual interests.