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FG Lauded For Increased Exports To Malaysia

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Assistant Trade Commissioner, Malaysia External Trade Development, Suwardy Abdul Shukor, has lauded the Nigerian government for increasing exports to the Asian nation by 77.8 per cent.

While speaking at the opening of its healthcare branch, Elken Global Nigeria, yesterday, Shukor said despite the COVID-19 epidemic, bilateral trade between both nations increased at the end of 2020 by 77.8 per cent.

He said: “In 2021, Malaysia’s total trade with Nigeria increased by 15.3 per cent to $1.27 billion from $84.5 million in 2020.

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“Meanwhile, total export (import) to Nigeria in 2021 increased by double digit growth rate of 41.5 per cent to $906.6 million from $640.6 million in 2020. Total import (export) from Nigeria increased by 77.8 per cent to $364.9 million from $205.2 million in 2020.

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Shukor added that the Malaysian government is of the opinion that with more openings, the two nations would be able to strengthen ties.

In his remarks, Founder/ Chairman of Elken Global, AK Tan, said the company is geared at building trust and integrity between the two countries nations and providing quality healthcare products to Nigerians.

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