Spain imports N1.38trn products from Nigeria – Today

Mr Pablo Segrelles, Economic and Commercial Counsellor at the Embassy of Spain in Nigeria, on Tuesday announced that Spain had in 2015 imported products worth N1.38trillion (4 billion Euros) from Nigeria.

Segrelles, however, told the News Agency of Nigeria (NAN) in Lagos that this year’s economic situation in Nigeria would adversely affect his country’s importation of oil, gas and other products from Nigeria.

“Until this year, the volume of trade between Nigeria and Spain was much larger than most people are aware of.

“In 2015, Spain imported more than 4 billion Euros worth of products from Nigeria.

“But, this would be less this year because of the fall in prices of oil and the current economic situation.

“Even at this time of the year, Spain has not imported up to 300 million Euros worth of products from Nigeria,’’ he said.