The Federal Government of Nigeria and Angola have recently strengthened their ties in an effort to drive economic development and foster bilateral trade.
Vanguard reports that the increased collaboration will enhance economic cooperation and create opportunities for companies from both nations to explore untapped markets and investment prospects. Angola’s thriving economic landscape and Nigeria’s vast resources offer great potential for mutually beneficial partnerships.
The Secretary, who represented the Minister of External Relations, Téte Antonio, said the ties between both countries were marked by signing the first economic, technical, scientific and cultural cooperation agreement in 1976. Concerning the main product group, Angola exported crude oil weighing about 42% to Nigeria, optics and precision accounting for 20%, and mechanical machines and devices with their function, accounting for 14% of the total volume of exports.
“To achieve this objective, the Angolan government intends to count on the support of friendly countries who are always on its side, and one of these is indisputably Nigeria.”
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