Angola seeks improved economic ties with Nigeria


Angola has said that it is looking up to Nigeria to support its ongoing economic reforms.

The Angolan Minister of External Relations, Téte Antonio, who stated this at the first interactive Angola-Nigeria business forum held in Abuja also noted that Angola counts on the support of Nigeria during its economic reforms.

According to him: “The global economy is facing various challenges. Angola being part of the system, is witnessing a special moment marked by structural reforms that aim to transform its macroeconomic situation. “To achieve this objective, the Angolan government counts on the support of friendly countries who are always on its side, and one of these is indisputably Nigeria.”

The event organized by the embassy of Angola in Nigeria, brought together industrialists from across Nigeria.

Antonio, who was represented by the Secretary of State for International Cooperation and Angola Communities, Domingos Lopes, said the ties between both countries were marked by the signing of the first economic, technical, scientific, and cultural cooperation agreement in 1976, adding that exchanges between the two countries have been remarkable in the diplomatic, defense and security, petroleum, education, culture, and transportation sectors.

“In the last three years (between 2020 and 2022), Angola exported goods worth $5.6 million to Nigeria while its imports from Nigeria stood at $16.8 million, corresponding to a negative trade balance of about $11.2 million,” he stated.

He said Angola exported mainly mechanical machines and devices, which accounted for 14 percent of the total volume of exports.

At the same time he said, Angola imports machines and apparatus, plastics, rubbers, and other transport materials. The Minister of Information and National Orientation, Mohammed Idris, in his speech at the event, said the administration of President Bola Tinubu will continue to strengthen the mutual ties, through a deliberate pursuit of productive bilateral relations.

Idris explained that President Bola Tinubu is desirous of deepening the relationship between Nigeria and other African countries, including Angola.

“Among other things, we are working on signing a Memorandum of Understanding on Public Communication and Media Exchange with the Embassy of Angola in Nigeria, as part of efforts to deepen our relationship,” he said.

“Nigeria is very much keen to support Angola’s domestic and foreign aspirations and the country’s overall development, and we expect reciprocity in this regard.”

The Angola Ambassador to Nigeria, Jose Zau said the forum would help strengthen the economic ties between Nigeria and Angola.