Wale Edun, minister of Finance and coordinating minister of the Economy (Nigeria), has met with the Prime Minister of Barbados, Mia Mottley, to discuss new avenues for strengthening trade relations and cultural exchange between the two nations.
The discussion took place during the Sustainable Energy for All (SEforALL) Forum, where both leaders discussed the importance of enhancing economic collaboration and improving the movement of goods and people between Africa and the Caribbean.
They reaffirmed their focus on deepening Africa-Caribbean ties, recognizing the historical and economic bonds that unite the regions.
Trade between Nigeria and Barbados goes way back. In 2023, Barbados exported goods such as delivery trucks, paper containers, and coated fabric garments worth $10.8 thousand to Nigeria, Nigeria exported hair, and beauty products, as well as non-knit women’s suits worth $8.45 thousand to Barbados.
Added to these, the Caribbean Export Development Agency signed a Memorandum of Understanding with Nigeria in 2023, to boost trade, investment and opportunities for small and medium-sized enterprises (SMEs) in both countries.
With both leaders reaffirming their commitment to strengthen collaboration, and an emphasis on shared history and economic aspirations, the possibilities of cooperation and growth continue to expand, providing fresh opportunities for businesses and citizens.
