{"id":48867,"date":"2023-05-08T11:28:51","date_gmt":"2023-05-08T11:28:51","guid":{"rendered":"https:\/\/www.africa-press.net\/uganda\/all-news\/uganda-targets-nigeria-big-market-for-trade"},"modified":"2023-05-08T12:07:50","modified_gmt":"2023-05-08T12:07:50","slug":"uganda-targets-nigeria-big-market-for-trade","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/uganda\/all-news\/uganda-targets-nigeria-big-market-for-trade","title":{"rendered":"Uganda targets Nigeria big market for trade"},"content":{"rendered":"

Africa-Press – Uganda. <\/strong><\/span>In bid to expand Uganda\u2019s market access on the African continent, the government is now targeting Nigeria, which boasts a population of about 200 million people.<\/p>\n

Trade between the two countries currently stands at $24 million, according to the United Nations COMTRADE database. In 2021, Uganda\u2019s exports to Nigeria were worth $3.46 million, according to the same database.<\/p>\n

Speaking to this publication on the sidelines of the maiden Nigeria-Uganda Business and Investment Forum in Kampala last week, Ms Geraldine Ssali, the permanent secretary of the ministry of Trade, Industry and Cooperatives, said these exports can be increased.<\/p>\n

\u201cNigeria is the biggest economy in Africa; it is 10 times bigger than that of Uganda ($506 billion) as of last year and if you consider that size, why don\u2019t we actually engage with such a country,\u201d she said.<\/p>\n

Ms Ssali said the government aims at increasing the trade volume from the current less than $4 million to at least $20 million, especially when the Africa Continental Free Trade Area (AfCTA) is implemented.<\/p>\n

\u201cIt is a win-win situation. Uganda is rich in investment opportunities in agro-processing, oil and gas, tourism, among others,\u201d she said.<\/p>\n

The forum ran between May 2 and 3. Mr Nelson Ocheger, the Uganda High Commissioner to Nigeria, blamed the low trade growth on the general lack of awareness of the Nigerian market, the cost of doing business due to transport and non-tariff trade barriers.<\/p>\n

\u201cWe are now bringing two business communities together. We have also been able to convince the government of Nigeria to allow Uganda Airlines to have direct flights to Nigeria (Abuja and Lagos), we are also working on the process of reviewing the existing trade, technology and investment agreements of the countries so that we can bring them to up speed to meet the current circumstances,\u201d he said.<\/p>\n

Speaking on behalf of the Nigerian delegation, Ambassador Akinremi A. Bolaji, who is the director Economic Affairs, Trade and Investment at the Nigerian Ministry of Foreign Affairs, reiterated his country\u2019s interest in seeking to harness the diverse opportunities available on the continent.<\/p>\n

For More News And Analysis About Uganda<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Uganda. In bid to expand Uganda\u2019s market access on the African continent, the government is now targeting Nigeria, which boasts a population of about 200 million people. Trade between the two countries currently stands at $24 million, according to the United Nations COMTRADE database. In 2021, Uganda\u2019s exports to Nigeria were worth $3.46 […]<\/p>\n","protected":false},"author":84,"featured_media":48865,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[233,240,234],"class_list":["post-48867","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-uganda","tag-uganda"],"yoast_head":"\nUganda targets Nigeria big market for trade - Uganda<\/title>\n<meta name=\"description\" content=\"In bid to expand Uganda\u2019s market access on the African continent, the government is now targeting Nigeria, which boasts ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/uganda\/all-news\/uganda-targets-nigeria-big-market-for-trade\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Uganda targets Nigeria big market for trade\" \/>\n<meta property=\"og:description\" content=\"In bid to expand Uganda\u2019s market access on the African continent, the government is now targeting Nigeria, which boasts ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/uganda\/all-news\/uganda-targets-nigeria-big-market-for-trade\" \/>\n<meta property=\"og:site_name\" content=\"Uganda\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-05-08T11:28:51+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-05-08T12:07:50+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/uganda\/sites\/34\/2023\/05\/postQueueImg_1683529140.50.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"480\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/uganda-targets-nigeria-big-market-for-trade#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/uganda-targets-nigeria-big-market-for-trade\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/uganda\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Uganda targets Nigeria big market for trade\",\"datePublished\":\"2023-05-08T11:28:51+00:00\",\"dateModified\":\"2023-05-08T12:07:50+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/uganda-targets-nigeria-big-market-for-trade\"},\"wordCount\":357,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/uganda-targets-nigeria-big-market-for-trade#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/uganda\/sites\/34\/2023\/05\/postQueueImg_1683529140.50.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Uganda\",\"uganda\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/uganda\/all-news\/uganda-targets-nigeria-big-market-for-trade#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/uganda-targets-nigeria-big-market-for-trade\",\"url\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/uganda-targets-nigeria-big-market-for-trade\",\"name\":\"Uganda targets Nigeria big market for trade - 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