The Norwegian Ambassador to Nigeria, Jen-Peter Kjemprud, says trade volume between Nigeria and Norway is between 30 and 40 billion dollars.
Kjemprud in his words said:
“The volume of trade between the two countries is so difficult to say because most of the trade is being done with multinational companies, but we estimate it to be between 30 and 40 billion dollars a year.”
According to him, the relationship between Nigeria and Norway dated back to 1880s. He therefore pledged to strengthen the relationship by attracting more investors from Norway to explore available opportunities in Nigeria.
In his words:
“Norway started to export fish to Nigeria in the 1880s and 1890; the relationship was cordial until independent. However, from the last ten or 20 years, it has grown substantially both politically and economically. We now have more than 50 and 60 Norwegian companies active in Nigerian oil and gas sector, sub-sea, onshore, renewable energy and some of which are expanding.
I think in the oil sector, there could be more reciprocating in investment and cooperation. Only this week, there is going to be a huge investment contract in service sector to be signed in Nigeria with Singaporean and Norwegian Companies.”