Nigeria’s Export to Angola Hits $16.8m in Three Years.

Nigeria’s exports to Angola hit $ 16.8 million between 2020 and 2022, the Secretary of State for International Cooperation and Angola communities, Domingos Lopes, said.

Lopes stated this at the first interactive Angola-Nigeria business forum held in Abuja on Thursday.

The Secretary, who represented the Minister of External Relations, His Excellency, Téte Antonio, said the ties between both countries were marked by signing the first economic, technical —scientific and cultural cooperation agreement in 1976, adding that the exchange between the duo has been remarkable in the diplomatic, defence and security, petroleum, education, culture and transportation.

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.

In the area of importation of acquired product group were machine and apparatus, CKD, plastics, rubbers and other transport materials. These groups in their total represent more than half of the total exportation during the period (41%,19% and 15% respectively).

He also noted that Angola counts on the support of Nigeria during its economic reform.