Nigeria and Mexico Trade Volume Hits $600m

The trade volume between Nigeria and Mexico has grown by 360 per cent from 166.5 million dollars in 2012 to 600 million dollars in 2016.

The Mexican Embassy, Deputy Head of Mission, Rodrigo Tenorio, made this known in an interview with the News Agency of Nigeria in Abuja on Monday (today).

He spoke on the sideline of a round-table for working business discussion on trade mission to Mexico organised by the Nigerian-Mexican Chamber of Commerce and Industry and Mexican Embassy.

“Though the figure may be small but in reality it is a huge transaction that we have in the last 15 years, which was then 45 million dollars.

“What that means is that it has grown more than 500 times in 15 years and our aim and goal is to ensure it grows more.

“There are some similarity between Nigeria and Mexico, we are predominantly largest and young population and we can be referred to as the power house of our region just as Nigeria in Africa,” he said.

According to him, Mexico sees Nigeria as a natural spring board to stand for the entire Africa and main goal is to make sure that Nigeria is known as number one economy in Africa.

He said that the major challenge in the relationship between the two countries was that they did not know each other well.

“We do not know each other, Mexico is known for drugs while Nigeria is known for Boko Haram and other social vices.

“But there is much more than that, what is most important in building the relationship is to know each other better.

“Once we know that Mexico is more than drug cartel and baron, Nigeria is much more than a small group in the north causing trouble,” he said.

According to him, if we know ourselves better the business people could sit down and start discussing potential businesses for the future.