• Home
  • Anti-Corruption
  • Fact-Check
  • Economy
  • National
    • Government
  • Security
  • Features
  • State
  • Event
    • PR Nigeria Award
  • E-Paper
Search
  • Home
  • About
  • Adverts
  • Contact
Sign in
Welcome! Log into your account
Forgot your password? Get help
Password recovery
Recover your password
A password will be e-mailed to you.
PRNIGERIA PRNigeria News
PRNIGERIA PRNIGERIA
  • Home
  • Anti-Corruption
    • ICPC Secures Conviction of Rector for Running Unaccredited Degree Programmes

      Engr Abba Babagana Dalori

      Engr Dalori Forfeits Galaxy Hospital, Petrol Station, Properties & Cash

      Chinese nationals jailed in Lagos

      Court Jails Nine Chinese Nationals for Cybercrime in Lagos

      ASUU

      Tackle Corruption, Institutional Decay – ASUU Charges FG

      EFCC Arraigns Bauchi Accountant General Over N8bn Fraud as Court Sentences…

  • Fact-Check
  • Economy
    • Members of National Regional Development

      FG Inaugurates Boards, Management Teams of Three Regional Development Commissions

      Trade Facilitation: Nigeria Customs, NACCIMA Strengthen Partnership

      Economic Confidential to Host 3rd Public Lecture, Unveil Books on Nigeria’s…

      Luanda Summit: AUDA-NEPAD Taps AI, Green Bonds as it Launches Marketplace…

      Tinubu Jets to Brazil After Japan Summit, Eyes Trade, Security Deals

  • National
    • Military Foil Terrorist Attacks in Sokoto, Katsina

      Former IGP Solomon Arase Dies at 69

      ECOWAS, Nigeria Urged to Tackle Epidemic of Enforced Disappearances

      NDLEA Logo

      NDLEA Arrests 75-Year-Old Grandpa, Destroys Cannabis Farm in Taraba, Seizes Millions…

      Minister of Interior Olubunmi Tunji-Ojo

      Para-Military Agencies Get 12-Month Deadline to Deliver Reforms

    • Government
      • ECOWAS, Nigeria Urged to Tackle Epidemic of Enforced Disappearances

        Supporters of Senator Shehu Buba

        PHOTOS: Bauchi Constituents Rally APC to Draft Senator Buba for 2027…

        Pantami Foundation Pays Outstanding Fees for Gombe Students at BUK

        Almajiri

        TRAVELOGUE: Kaduna Almajiris and A Parley Inside Arewa Forum’s House By…

        PRNigeria logo fearured image

        OHCSF Celebrates 57 Retirees for Exemplary Service and Dedication

  • Security
    • Military Foil Terrorist Attacks in Sokoto, Katsina

      Egungun Festival

      Lagos Police Restrict Egungun Festival Activities to Designated Locations

      Former IGP Solomon Arase Dies at 69

      Nigerian Police Force

      Police Arrest Kidnappers, Recover Arms, N6.9m in A’Ibom, Nasarawa

      NDLEA Logo

      NDLEA Arrests 75-Year-Old Grandpa, Destroys Cannabis Farm in Taraba, Seizes Millions…

  • Features
    • Gen. Christopher Gwabin Musa CDS

      CDS Musa Launches Operation Enduring Peace, Tasks Troops to ‘Win Peace,…

      Almajiri

      TRAVELOGUE: Kaduna Almajiris and A Parley Inside Arewa Forum’s House By…

      Armed officers of the Mining Marshals

      ‎NSCDC at the Heart of Nigeria’s Mining Sector Revival ‎By Zekeri…

      Nigerian Youths

      National Unity as Nigeria’s Strongest Development Tool, By Mukhtar Ya’u…

      How Security Forces Calmed, Secured, and Evacuated Passengers after Kaduna-Abuja Train…

  • State
    • Military Foil Terrorist Attacks in Sokoto, Katsina

      Egungun Festival

      Lagos Police Restrict Egungun Festival Activities to Designated Locations

      Former IGP Solomon Arase Dies at 69

      Nigerian Police Force

      Police Arrest Kidnappers, Recover Arms, N6.9m in A’Ibom, Nasarawa

      NDLEA Logo

      NDLEA Arrests 75-Year-Old Grandpa, Destroys Cannabis Farm in Taraba, Seizes Millions…

  • Event
    • Erasmus Ikhide damaged Vehicle and Dangote Cement Truck

      Erasmus Ikhide Narrowly Escapes Death in Collision with Dangote Truck

      Supporters of Senator Shehu Buba

      PHOTOS: Bauchi Constituents Rally APC to Draft Senator Buba for 2027…

      The authors and their books

      PHOTOS: NIPR Hails Latest PRNigeria Books at Economic Confidential Lecture

      Alh. Yushau Shuaib, Brig Gen. (rtd) Chris Olukolade and Mallam Kashifu Inuwa

      NITDA, IMPR Spotlight AI as Driver of Nigeria’s Digital Future at…

      DICON and DMG Events to Co-Host AFRIDEX 2026

      DICON, DMG Events to Co-Host Africa Defence Exhibition 2026

    • PR Nigeria Award
  • E-Paper
Home Anti-Corruption Taiwan seeks increased economic ties with Nigeria
  • Anti-Corruption

Taiwan seeks increased economic ties with Nigeria

By
Prnigeria
-
February 8, 2015

The Taiwanese government says it is currently seeking ways of increasing economic ties with Nigeria, especially, in the areas of trade, investment and skills development.

The Representative and Head of Mission of Taiwan in Nigeria, Mr. Morgan Chao, disclosed this during a meeting with Nigeria’s minister of Industry, Trade and Investment, in Abuja.

 Morgan said Nigeria was a strategic trading partner to Taiwan,  given the country’s (Nigeria) abundant human and natural resources.

He said, “In 2012, the trade volume between Nigeria and Taiwan was $1.6 billion, in 2013, it was $1.2 billion, but last year, it was $800 million only. This shows that the trade volume between Nigeria and Taiwan is decreasing. Therefore, we need to do more to be able to increase the bilateral trade volume between Nigeria and Taiwan. We are known for our cutting edge manufacturing and industrial products while, on the other hand, Nigeria is renowned for its abundant raw materials and natural resources such as crude oil and agricultural products.

 “So, if both countries cooperate and work together to increase our trade volume, it will be a win-win situation for us. And as the Representative and Head of Taiwan’s Trade Mission in Nigeria, I want to promote increased bilateral economic, trade and investment relationship between Nigeria and Taiwan. Also, I will persuade my government on the need to buy more goods, especially crude oil and gas-related products from Nigeria.The current decline in the  price of crude oil in the global market  is having  a negative impact on the Nigerian economy, and Taiwan, being a good friend of Nigeria, will like to lend our support  to Nigeria at this auspicious moment.”

Read Also:

  • Military Foil Terrorist Attacks in Sokoto, Katsina
  • Lagos Police Restrict Egungun Festival Activities to Designated Locations
  • Former IGP Solomon Arase Dies at 69

In his response, the Minister of Industry, Trade and investment, Mr. Olusegun Aganga, said that Nigeria had adopted a strategic approach in its trade and economic relationship with its foreign trading partners.

The minister explained that such strategic approach involved encouraging its trading partners to invest in the establishment of manufacturing plants in Nigeria and utilize the country’s local raw materials in order to create jobs and generate wealth for Nigerians.

He said, “Nigeria-Taiwan trade relations is anchored on the Memorandum of Understanding on trade signed by both countries on November 1990. The MOU desired to complement and facilitate the private sector initiatives towards promoting trade and development of greater and enduring economic ties between Nigeria and Taiwan.

“As a country, we have adopted a strategic approach towards increasing our trade volume with our trading partners, including Taiwan. In order to achieve this, we are encouraging our trading partners who want to increase their economic ties with Nigeria to come and invest in establishment of manufacturing plants which will add value to our raw materials,  create more jobs and generate wealth for our people.

 “Due to the new Nigeria that President Goodluck Jonathan is building, we have become more strategic by seeking to build symbiotic and sustainable economic relationship that promotes inflow of investment and technical know-how into our country.” Aganga added.

Taiwan’s  imports from Nigeria include natural gas; motor spirit; frozen crabs; sesame seeds; cocoa butter, fat and oil, and wood charcoal, among others. On the hand, Nigeria’s  imports  from Taiwan includes : air-conditioners, aerials and reflectors; acetic acid; industrial air compressors and milking machines, among other things.

VISIT OUR OTHER WEBSITES
PRNigeria.com EconomicConfidential.com PRNigeria.com/Hausa/
EmergencyDigest.com PoliticsDigest.ng TechDigest.ng
HealthDigest.ng SpokesPersonsdigest.com TeensDigest.ng
ArewaAgenda.com Hausa.ArewaAgenda.com YAShuaib.com
Previous articleNigeria, Chad Military End Parley on Counter Terrorism Campaign in Abuja
Next articleConsider Your Welfare When Voting, Maina Urges Women
Prnigeria
Prnigeria
https://prnigeria.com/

RELATED ARTICLESMORE FROM AUTHOR

ICPC Secures Conviction of Rector for Running Unaccredited Degree Programmes

Engr Abba Babagana Dalori

Engr Dalori Forfeits Galaxy Hospital, Petrol Station, Properties & Cash

Chinese nationals jailed in Lagos

Court Jails Nine Chinese Nationals for Cybercrime in Lagos

ASUU

Tackle Corruption, Institutional Decay – ASUU Charges FG

EFCC Arraigns Bauchi Accountant General Over N8bn Fraud as Court Sentences Kano Make-Up Artist for Naira Abuse

PRNigeria logo fearured image

EFCC Arraigns Ex-Convict, Other for Naira Abuse in Lagos

EFCC Arrests 37 Suspected Internet Fraudsters in Ilorin

EFCC, CCC and the Battle Against Corruption in Nigeria, By Mukhtar Ya’u Madobi

Ola Olukoyede, EFCC Chairman

EFCC’s Anti-Corruption War: Between Media Trial and Intelligence-Driven Operations

Olayiwola Oguntade

Court Sentences Ex JAMB Staff for N10m Fraud in Ibadan

Diezani-Alison-Madueke

Nigeria, US sign MoU to repatriate $53m linked to former oil minister, Diezani

EFCC Sacks 27 Fraudulent Officers for Misconduct

LEAVE A REPLY Cancel reply

Log in to leave a comment

Recent Posts

  • Military Foil Terrorist Attacks in Sokoto, Katsina
  • Lagos Police Restrict Egungun Festival Activities to Designated Locations
  • Former IGP Solomon Arase Dies at 69
  • ECOWAS, Nigeria Urged to Tackle Epidemic of Enforced Disappearances
  • Police Arrest Kidnappers, Recover Arms, N6.9m in A’Ibom, Nasarawa
  • Home
  • About
  • Adverts
  • Contact
© 2020 PRNigeria. All Rights Reserved.
Latest News
Military Foil Terrorist Attacks in Sokoto, KatsinaLagos Police Restrict Egungun Festival Activities to Designated LocationsFormer IGP Solomon Arase Dies at 69ECOWAS, Nigeria Urged to Tackle Epidemic of Enforced DisappearancesPolice Arrest Kidnappers, Recover Arms, N6.9m in A'Ibom, NasarawaNDLEA Arrests 75-Year-Old Grandpa, Destroys Cannabis Farm in Taraba, Seizes Millions of Pills NationwideLagos Police Bust Car Theft Syndicate, Recover Stolen BusFACT-CHECK: Did Kwara Police Nab King of Alabe, Queen and Babanla Monarch With over ₦120m Banditry Loot?Troops Kill 12 ISWAP Fighters in Borno, Foil More Attacks in North-EastPara-Military Agencies Get 12-Month Deadline to Deliver ReformsErasmus Ikhide Narrowly Escapes Death in Collision with Dangote TruckTroops Sustain Offensive Against Bandits, Eliminate Scores in North West, North Central RegionsFCT Police Arrest 10 Suspected Drug Dealers, Recover Drugs, Kidnapping ProceedsSecurity Forces Bust Child Trafficking Syndicate, Arrest 5 Suspects in A'IbomPHOTOS: Bauchi Constituents Rally APC to Draft Senator Buba for 2027 Governorship Race
X whatsapp