Published On: Mon, Feb 5th, 2018

Iran seeks increased trade volume with Nigeria

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L-R: Iranian Ambassador to Nigeria, Mr. Morteza Rahimi Zarchi, Counsellor/Deputy Ambassador, Mr. S. A. Mortazavi during the event.

By Ochiaka Ugwu

The Iranian Embassy in Nigeria has revealed its plan and readiness to increase trade volume with Nigeria to the tune of $500 million yearly.
This was made known by the Ambassador of Islamic Republic of Iran to Nigeria, Ambassador Morteza Rahimi Zarchi in his Abuja office while addressing selected newsmen on the event lined up for the 39th celebration of the Islamic Republic which was established in 1979.
Mr. Zarchi said that his aim was to increase Iran/Nigeria bilateral trade to $500, 000, 000 annually saying that Iran has transformed greatly since the Islamic revolution.
Zarchi who noted that the young tree planted in 1979 has grown to be a very big tree maintained that Iran has transformed in the area of pharmaceuticals saying that 96 percent of drugs used in Iran are sourced locally.
He said that Iran is a world leading electricity producer with 78, 000 megawatts of electricity being 13th in the world. He said that they export electricity to their neighbours.
Continuing, Zarchi said that Iran is a major world automobile producer and exports about 14,000 cars yearly to 39 countries and hopes that Nigeria will be next.
In the area of agriculture, he said that Iranian companies are producing agro-based products for both human and animal consumption.
He said that Nigeria can tap into these opportunities for better trade relations.
Zarchi said in spite of the conspiracy against his nation by the enemies of the revolution, they have developed their system which has enhanced political freedom of his nation.
He said Iran have held 40 successful elections with 2017 presidential election being the last and majority of people voted for President Hassan Rouhani.
Why stressing the need for Nigerians to tap in Iran’s education curriculum, Zarchi said that Iran with 175, 000 university students during the 1979 Islamic revolution has over 4.7 million students today with 13 varsities getting international ranking.
He expressed the readiness of Iran to establish university in Nigeria to meet the demands of students seeking higher education in the country, which he said can be established in Abuja or any other state in Nigeria.
Zarchi also said Iran is ready to expand bilateral relations with Nigeria in the areas of oil and gas, construction, saying that negotiations are ongoing in that regard.
“Iran has got plans to expand cooperation with Nigeria. Very recently, there were numerous meeting headed by the Vice President of Iran to expand cooperation with Africa, particularly Nigeria” he said.

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