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Bangladesh-Nigeria Trade Relations Strengthen, Surpassing $100 Million – Envoy

ByWeb Manager

Mar 27, 2025

The Bangladesh High Commissioner to Nigeria, Mr. Masudur Rahman, has announced that bilateral relations between Bangladesh and Nigeria have significantly improved in recent years, with trade volumes rising from $50 million to over $100 million.

Rahman made this statement on Wednesday in Abuja during a reception marking the 54th Independence and National Day celebration of Bangladesh.

Expanding Economic and Trade Partnerships

The High Commissioner highlighted the growing interest of businesses and entrepreneurs from both nations in forming partnerships across various sectors, including:

  • Information and Communication Technology (ICT)
  • Agriculture
  • Knitwear and Textiles
  • Government-to-State Trade
  • Defense and Diplomatic Training through university partnerships

“Bangladesh has deep roots in Africa, especially in Nigeria. Our people share common aspirations,” Rahman said.

He also revealed plans to expand cooperation in the blue economy, a sector that includes the sustainable use of ocean resources for economic growth and job creation.

Shared Values and Future Collaboration

Rahman emphasized the shared values between Bangladesh and Nigeria, highlighting their mutual commitment to equality, inclusivity, and a society free from exploitation.

He underscored the need to:

  • Leverage demographic diversity
  • Bridge the digital divide
  • Promote sustainable economic growth

The High Commissioner reaffirmed Bangladesh’s commitment to deepening bilateral ties with Nigeria, building on their long-standing diplomatic relationship.

Nigeria’s Commitment to Stronger Bilateral Ties

Representing Nigeria’s Minister of Foreign Affairs, Amb. Yusuf Tuggar, the Chief of Protocol, Amb. Wahab Akande, extended congratulations to Bangladesh on its Independence Day.

Akande reflected on the cordial relationship between both countries, which began in 1976, and praised their collaborative efforts in boosting trade and economic cooperation.

“Nigeria and Bangladesh share a history of friendship and mutual cooperation. We are optimistic about even deeper engagements in the future,” Akande remarked.

The event concluded with a renewed commitment from both sides to explore new areas of cooperation and strengthen economic and diplomatic ties.

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