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Nigeria imports rice from Vietnam

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The Nigerian-Vietnam Chambers of Commerce and Industry says that the Nigerian government’s yearly rice import bill from Vietnam has hit about $500 million. The President of the chamber said in an interview that Vietnam was also spending about $100 million to import agricultural products such as raw cashew nuts, cassava and oil palm from Nigeria.

Indeed, Nigeria imports 1 million metric tonnes of milled rice yearly from different countries, such as India, Thailand and Vietnam.

Vietnam’s major exports to Nigeria to include rubber, electric and electronic products, footwear, plastics, handicraft and fine art articles and construction materials, while the country imports from Nigeria raw cashew nuts, fruits, cotton and minerals.