Exports From Nigeria To Japan Hits $922m

Nigerian exports to Japan increased by 17 per cent to $922 million in 2018, while exports from Japan to Nigeria in the same year rose by 2.3 per cent to $328 million, Japan External Trade Organisation (JETRO) has noted.

Speaking at the 2019 Lagos International Trade Fair where 37 Japanese companies are exhibiting their products under one pavilion, the Trade Commissioner/Managing Director of JETRO, Mr. Shigyo Nishizawa, said the number of Japanese-affiliated firms in Nigeria also jumped to 42 in 2018, double of the 2014 figure.

Mr. Nishizawa further noted that 2019 marked the sixth year of JETRO’s participation at the fair since the organisation started in 2014 with the Japan pavilion, which is one of the biggest pavilions at the fair.

JETRO is a Japanese government organisation that promotes mutual trade and investment between Japan and the rest of the world, hence it focuses on promoting investment and facilitating trade from Japan to Nigeria.

Some of the exhibitors located at the Japanese pavilion are at the 10-day fair to showcase the best of Japanese innovation and quality to existing and projective customers.

For instance, the Country Manager of Sato Nigeria, Mr. Michael Adegbe, said the company was in Nigeria to offer customers a smart choice for a better toilet experience. He said its range of innovative, smart and fresh toilets helped upgrade latrines for rural-urban dwellers.