Country’s Trade with Egypt Hits U.S.$11 Million

Olayemi Ibrahim

22 July 2011

The trade volume between Nigeria and Egypt has hit $11 million, the President of the Nigeria and Egypt Business community has said.

Muhammed Yusuf Lere said this when the Egyptian Ambassador to Nigeria, Yusuf Showky paid the minister of National Planning Dr. Shamsudeen Usman, a courtesy visit in his office in Abuja.

In a statement signed by the spokesperson of the commission, Salisu B. Haiba, the president said since the advent of the business council, indices have shown that the trade statistics between both countries have improved from $5 million to $11 million.

He said Nigerians are to get reduced health charges of 50 percent from the Arab Contractors Hospital, while urging the Federal Government to be proactive in order to attract more investors to the country.

The Minister of National Planning Commission, Dr. Shamsuddeen Usman expressed concern over imbalance of trade between Nigeria and Egypt.

The minister who said the trade was in favour of Egypt noted that the Egyptian airline services from Nigeria were below standard.

Dr. Shamsudeen advised the Egyptian ambassador to imitate their foreign counterparts and build a first-class hospital in Nigeria in order to reduce the number of Nigerians that go to Egypt on health tourism.

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