7 September 2016
The High Commissioner of the Islamic Republic of Pakistan to Nigeria, Agha Umer Farooq, said on Wednesday in Abuja that Nigerian and Pakistani trade volume has hit the 1 billion dollars mark.
He said this while addressing newsmen at an event organised to mark the national `Defence Day` of Pakistan.
Farooq said trade relationship between the two countries was hinged on their existing strong cooperation.
“My country is looking forward to improving bilateral ties with Nigeria; by December this year we hope to surpass the existing 1 billion dollars trade volume,’’ he said.
The envoy called on both Pakistani and Nigerian authorities to operationalise an already signed Memorandum of Understanding (MoU) on trade and investment, with a view to enhancing economic development.
“I will also want to recommend for the two countries to put in place right policies that will help in operating these MoUs in various sectors of our economies,’’ he said.
According to him, both countries have a lot in common as developing nations particularly in areas of agriculture, manufacturing and industry.
He expressed the optimism that with right policies in place, Nigeria and Pakistan would witness rapid developments within a very short time.