{"id":33489,"date":"2024-06-03T10:35:19","date_gmt":"2024-06-03T10:35:19","guid":{"rendered":"https:\/\/abujacityjournal.com\/livenews\/?p=33489"},"modified":"2024-06-03T10:35:19","modified_gmt":"2024-06-03T10:35:19","slug":"iran-targets-nigerian-market-as-their-trade-between-africa-hits-1-2-billion-in-two-years","status":"publish","type":"post","link":"https:\/\/abujacityjournal.com\/livenews\/2024\/06\/03\/iran-targets-nigerian-market-as-their-trade-between-africa-hits-1-2-billion-in-two-years\/","title":{"rendered":"Iran Targets Nigerian Market as Their Trade between Africa Hits $1.2 billion in two years."},"content":{"rendered":"

The Government of Iran, says its trade deals with African countries hit 1.2 billion dollars in the last two years.\u00a0<\/span>They disclosed this via their official\u00a0X page\u00a0on Sunday.\u00a0<\/span><\/p>\n

The Iranian government also revealed that non-oil exports constituted a bulk of the Iran-Africa trade. This <\/span>news came amid reports showing Iran\u2019s bold move towards being on top of the Nigerian market.\u00a0<\/span><\/p>\n

The spokesperson Trade Development Commission stated that In the last two years, they witnessed a quorum of 54.4 billion dollars in non-oil exports, which is unprecedented in the history of the country.\u00a0<\/span><\/p>\n

He stated that during the mentioned two years, trade exchanges between Iran and Africa reached one billion and 200 million dollars.\u201d\u00a0<\/span><\/p>\n

Amid the development, the Tehran Times\u00a0report<\/span>ed\u00a0that Iran exported non-oil commodities valued at $46.5 million to Nigeria during the first seven months of 2023.\u00a0<\/span><\/p>\n

The spokesman of the Trade Development Committee of Iran\u2019s House of Industry, Mining and Trade, Ruhollah Latifi, had stated that among the country\u2019s African trade partners, Nigeria was the fourth export destination of Iranian products and the 15th\u00a0source of import to the country.\u00a0<\/span><\/p>\n

The main products Iran exported to Nigeria are non-fillet fresh fish non-fillet frozen Fish, and plastic products among others,\u00a0according to data for\u00a0OEC<\/span>.\u00a0<\/span><\/p>\n

The Iran official had also revealed that amid its trade deals with Nigeria, Iran imported 38,122 tons of goods valued at $47.434 million from Africa, in 2023.\u00a0<\/span><\/p>\n

In June 2022, the Iranian Trade Minister, Seyyed Reza Fatemi Amin told his Nigerian counterpart, Minister of State for Foreign Affairs, Ambassador Zubairu Dada, that the value of bilateral trade between Iran and Nigeria witnessed a 300% growth same year.\u00a0<\/span><\/p>\n

\u201cThe value of trade between Iran and Nigeria reached about 125 million dollars, witnessing a 300% growth in the last 9 months of the year 1400,\u201d the Nigeria Investment Promotion Commission (NIPC) quoted Amin as saying, in a statement published on its website.\u00a0<\/span><\/p>\n

\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

The Government of Iran, says its trade deals with African countries hit 1.2 billion dollars in the last two years.\u00a0They disclosed this via their official\u00a0X page\u00a0on Sunday.\u00a0 The Iranian government also revealed that non-oil exports constituted a bulk of the Iran-Africa trade. This news came amid reports showing Iran\u2019s bold move towards being on top […]<\/p>\n","protected":false},"author":27,"featured_media":33490,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[],"class_list":["post-33489","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"aioseo_notices":[],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/33489","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/users\/27"}],"replies":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/comments?post=33489"}],"version-history":[{"count":1,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/33489\/revisions"}],"predecessor-version":[{"id":33514,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/33489\/revisions\/33514"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media\/33490"}],"wp:attachment":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media?parent=33489"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/categories?post=33489"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/tags?post=33489"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}