Export of grain from Russia to Nigeria will increase manifold in the coming years

Published 2024년 12월 20일

Tridge summary

Russian grain and fertilizer exports to Nigeria are expected to see a significant increase, with some growth up to threefold, according to the Russian Trade Representative in Abuja, Maxim Petrov. The main export items to Nigeria are wheat and corn. Nigeria, with a population of over 450 million, is a member of the Economic Community of West African States and could potentially expand the market for Russian grain and fertilizers. Russia is already among Nigeria's top ten economic partners and could become one of the top five in the next three years. The trade mission's focus for the next two years will be on developing logistics and processing infrastructure to establish Russia as a major player in the West African grain market. The trade turnover between Russia and Nigeria is experiencing positive dynamics, with oil products, fertilizers, and grain being the main items of trade, and imports from Nigeria to Russia could also grow significantly.

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Original content

TASS Darya Labutina/. Russian grain and fertilizer exports to Nigeria will increase many times over the next few years, and in some cases they will grow threefold. This was stated to TASS by the Russian Trade Representative in Abuja, Maxim Petrov. "I think we will be able to significantly exceed last year's figures for grain and fertilizers, and in some cases growth is expected to be up to threefold," he said, adding that the main export items from Russia to Nigeria at the moment are wheat and corn. Petrov recalled that Nigeria is a member of the Economic Community of West African States with a total population of over 450 million people. "These are our potential consumers, so the priority of the trade mission for the next two years is to develop logistics and processing infrastructure, which will allow Russia to become a full-fledged player in the West African grain market, the capacity of which exceeds 10 million tons per year," the trade representative noted. Russia is already ...

Source: Kvedomosti