By Chinenye Offor
Dr Richard Montgomery, the British High Commissioner in Nigeria, on Sunday said trade relations between Nigeria and the United Kingdom (UK) currently stands at about seven billion pounds sterling.
Montgomery told the News Agency of Nigeria (NAN) in Abuja that Nigeria and the UK signed a new agreement on enhanced trade and investment partnership and agreed to work on a range of sectors.
He identified the sectors as agriculture, the creative industry, legal, financial services, and education.
Montgomery stated that trade between the UK and Nigeria is balanced.
“Trading by both countries is relatively balanced because the UK exports about four billion pounds sterling worth of goods and services to Nigeria while Nigeria exports to the UK about three billion pounds worth of goods .
“We need to do more because if you look at last year’s figure compared to the penultimate, there was not much of an increase in trade volume.
“It was an increase of about two per…
Source: News Agency of Nigeria
