Indications have shown that Nigerian importers spend a whooping sum of about USD500 million (about N90 billion) annually to import rice from Vietnam.
According to the Nigerian-Vietnam Chambers of Commerce and Industry, Vietnam reportedly spent about $100 million to import agricultural products such as raw cashew nuts, cassava and oil palm from Nigeria.
President of the chamber, Prince Oye Akinsemoyin, who disclosed this recently, said Nigeria’s imports cover a wide range of commodities, including those of Vietnam’s strengths such as rice.
He listed Vietnam’s major exports to Nigeria to include rubber, electric and electronic products, footwear, plastics, handicraft and fine art articles and construction materials, while the country imports from Nigeria raw cashew nuts, fruits, cotton and minerals. ...NigerianTribune
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