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Nigeria-Malaysia trade don reach N1.82tn for five years
Maiwada explain say wetin Nigeria dey import from Malaysia increase from N159.9bn for 2020 to N716.0bn for 2024, “with total trade value reaching about N1.82tn over five years period.”
Nigeria-Malaysia trade don reach N1.82tn for five years
Nigeria get very active agric sector / Reuters

Di trade value between Nigeria and Malaysia don rise reach N1.82tn for di last five years.

Di National Public Relations Officer of Nigeria Customs Service, Abdullahi Maiwada, wey be Deputy Controller of Customs, announce this for statement on Thursday.

Maiwada explain say wetin Nigeria dey import from Malaysia increase from N159.9bn for 2020 to N716.0bn for 2024, “with total trade value reaching about N1.82tn over five years period.”

According to am, based on di commitment to strengthen international customs cooperation and improve trade facilitation, di NCS don advance im strategic engagement with Royal Malaysian Customs Department.

He add say di engagement follow official visit by di Comptroller-General of Customs, Adewale Adeniyi, to RMCD Headquarters as part of im participation for DSA Malaysia 2026, adding say di engagement dey happen as bilateral trade dey increase.

Maiwada tok say Adeniyi receive welcome by di Director-General of Royal Malaysian Customs Department, Dato’ Haji Amran bin Haji Ahmad.

He point out say both leaders hold high-level discussion wey focus on institutional collaboration, customs modernisation, and coordinated border management frameworks to strengthen efficiency and regulatory integrity.

He mention say both administrations agree say no formal legal framework dey guide bilateral customs cooperation despite longstanding trade relations.

To fix this gap, Maiwada stress say di two countries agree to start processes toward establishing Mutual Recognition Agreement under di framework of World Customs Organisation, wey dem go pursue through appropriate diplomatic channels.

“Dis initiative go provide structured basis for cooperation, improve mutual trust, and support reciprocal trade facilitation measures,” Maiwada stress.

As e dey speak during di meeting, Adeniyi emphasize say di size and direction of Nigeria–Malaysia trade relations need more structured and formalised customs-to-customs partnership.

He note say Malaysia still be major trading partner to Nigeria, with main imports wey include crude palm oil, refined palm olein, jet fuel, food preparations, machinery, and other industrial inputs.

Adeniyi further talk say customs administrations get critical role to play in facilitating genuine trade while protecting national economic and security interests.