Exchanges between the two countries suffer a 12 percent commercial deficit on the part of Cameroon.
eroon and Nigeria held in Douala on January 28. Organized by the Cameroon Chamber of Commerce, Industry, Mines and Crafts, CCIMA, with the collaboration of the Nigerian High Commission in Yaounde, business people in Cameroon sensitized on the importance of business exchanges the two brotherly nations.
The meeting was crucial to conclude the commercial agreement discussed at the Sixth Cameroon-Nigeria Mixed Commission on April 11, 2014, strengthen trade relations existing between the two countries, as well as open up new collaboration based on the growth of small and medium-sized enterprises, SMEs.
Ekoko Mukete, Vice President of CCIMA, said the 170 million Ngerian population and 21 million Cameroonian population is a big market for investors from both countries to exploit.
Between 2011 and 2014, Nigeria’s exports (cosmetics, textiles, motor spare parts, household equipments) to Cameroon stood at 36 per cent. On the other hand, Cameroon’s exports to Nigeria, mainly, cotton, rubber, foodstuff, which fall under non petroleum products stood at 24 per cent, within the same period.
From allAfrica/Written by Christopher Jator