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COUNTRY PROFILE / NIGERIA

COUNTRY PRESENTATION

Continent: Africa

Official name: Federal Republic of Nigeria

Nature of regime: Presidential

Head of Federal State: Bola Tinubu

Area: 923,773 km2

Currency: Naira

Population (2022): 206.1 million inhabitants

Capital: Abuja

Main cities: Lagos, Ibadan, Kano, Benin City, Port Harcourt

Official languages: English

ASSESSMENT OF BILATERAL COOPERATION

Agreements and Conventions

  • Agreement establishing an Ivorian-Nigerian Joint Grand Commission signed on March 2, 2013, in Abidjan during the State visit of H.E. Mr. Goodluck Ebélé Jonathan, President of the Federal Republic of Nigeria;
  • Agreement on economic, scientific and technical cooperation, signed in Yamoussoukro on June 25, 1987 and ratified by both (02) countries.
  • Seven (07) cooperation agreements were signed in July 2013, during the first session of the Joint Grand Commission held in Lagos, Nigeria:
    • Cooperation Agreement on the fight against crime;
    • Agreement on Cultural, Educational and Scientific Cooperation;
    • Memorandum of Understanding in the field of industry;
    • Cooperation Agreement in the field of higher education and scientific research;
    • Cooperation Agreement in the field of tourism;
    • Trade Cooperation Agreement;
  • Cooperation Agreement to Combat Child Trafficking in West Africa, signed on July 27, 2005;
  • Air Service Agreement between the two countries, signed on December 10, 1976 in Lagos;
  • Air Transport Agreement, signed on July 18, 1964 in Abidjan.
  • 9 agreements signed on the occasion of the Great Joint Commission held on November 6 and 7, 2021 in Abidjan, the agreements cover, among other things, military cooperation, civil protection and technical assistance, consular issues and migration, the digital economy...

 

A project directly related to the two (02) countries, namely the Abidjan-Lagos Corridor Trade and Transport Facilitation Project (PFCTAL) has benefited from the financial support of two (02) major international partners : the World Bank and the Global Fund to Fight AIDS, Tuberculosis and Malaria.

TRADE

A. Main Exports of Cote d’Ivoire to Nigeria: Mineral fuels, mineral oils and products thereof; bituminous materials; Essential oils and resinoids; perfumery or toiletry products prepared and preparations, Miscellaneous food preparations, Soaps, organic surfactants, laundry preparations, lubricating preparations etc.

        

B. Main Imports of Cote d’Ivoire from Nigeria: : The imports of Cote d’Ivoire in quantities all kinds of products from Nigeria These include, inter alia, mineral fuels, mineral oils and products of their distillation; bituminous materials Tobacco and tobacco substitutes manufactured, Miscellaneous products of the chemical industries, Machinery, mechanical appliances and appliances, nuclear reactors, boilers; parts thereof, Electrical machinery, appliances and equipment and parts thereof; recording devices etc.

TRADE FLOWS COTE D’IVOIRE - NIGERIA

Trade flows Cote d’Ivoire-Nigeria (Value in billions of CFA francs)

Years

2018

2019

2020

2021

2022

Exports

110,9

93,3

70,6

71,4

118,6

Imports

751,2

826,1

790,4

695,4

1354,9

Trade balance

-640,3

-732,8

-719,8

-624

-1236,3

Global bilateral exchanges

862,1

919,4

861

766,8

1473,5

Sources : DGE-DPPSE

 

image 229

Sources : DGE-DPCEI

 

  • The value of bilateral trade reached 1473.5 billion of CFAF in 2022 against 766.8 billion of CFAF in 2021;
  • Over the period 2018-2022, the average value of Ivorian exports is estimated at 92.96 billion of CFAF /year against 883.6 billion of CFAF /year for imports;
  • Over the period 2018-2022, the trade balance is in surplus for Cote d’Ivoire.