Business - Economy
Updated: October 19, 2021

Nigeria, Japan Trade Volume Worth $1 Billion – Ambassador

By Lawrence Agbo
October 19, 2021
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The Ambassador of Japan to Nigeria, Matsunaga Kazuyoshi, has announced that the total trade volume between Nigeria, the economic powerhouse in Africa, and Japan is one billion dollars per year.

Kazuyoshi stated this via a recorded video on Monday, at the inauguration ceremony of a two-week anti-piracy first course organised by the Martin Luther Agwai International Leadership and Peacekeeping Centre (MLAILPKC) collaboration with the United Nations Development Programme (UNDP) and the Japanese Government in Jaji, Kaduna.

The envoy expressed his determination to promote activities that would boost the trade volume between his country and Nigeria.

He stressed the need for concerted efforts that would promote bilateral trade between the two countries and also enhance the economic growth of Nigeria to address unemployment and poverty.

He said that lack of employment opportunities had led to the widespread practice of taking crime as a means of livelihood, which he said could only be curbed through the eradication of poverty.

He expressed the determination of his country to promote fishing activities in Nigeria which he believed would help in boosting the economy.

“The Government of Japan feels the necessity to promote the fishing industry in the southern states of Nigeria.

”Japan and Nigeria are far apart, but we are connected by the sea,"

"Therefore, as a true friend of Nigeria, it can be said that Nigeria’s matter is Japan’s matter,” he said.

According to him, ensuring maritime safety in the Gulf of Guinea, a key trade hub in West Africa, is needed to promote bilateral trade.

He noted that the Japanese Government was committed to contributing to the security of West Africa and protecting people’s lives through a variety of measures including capacity building for personnel in charge of maritime safety.

Kazuyoshi said, ” the Japanese government is committed to contributing to the security of West Africa and protecting people’s lives through a variety of measures including capacity building for personnel in charge of maritime safety.

“This project is one of Japan’s contributions towards capacity building. We hope that the training will improve the safety of the Gulf of Guinea through the knowledge the 30 participants will acquire,"

“The project also falls under the category of “Support for stabilization of regions facing conflicts” which is one of the 3 main areas of Japan’s “New Approach to Peace and Stability in Africa (NAPSA), initiatives announced in 2019,"

“Therefore, from the perspective of economic security, ensuring the security of the Gulf of Guinea is also important.”

He reassured that the Government of Japan, in cooperation with other countries, continues to contribute to the peace and stability of the Gulf of Guinea for the livelihood of the Nigerian people and for regional economic stability.

Kazuyoshi appreciated the government of Nigeria, the Nigerian military, the Nigerian Maritime Administration and Safety Agency, and other relevant organisations for their continuous and tremendous efforts in fighting piracy through various initiatives.

He also appreciated Martin Luther Agwai International Leadership and Peacekeeping Centre and UNDP for the event.

Speaking, the UNDP Team Lead on Governance, Peace and Security, Matthew Alao, said the Japanese government had earmarked 260,000 dollars in its bid towards combating piracy and kidnapping in the Gulf of Guinea (GoG), especially Nigerian waterway.

The anti-piracy course was also a collaboration with UNDP and the Japanese Government

Alao said that out of the funds set aside for the project, 98,350 dollars was set aside for the anti-piracy course which the main objective was to abate the menace of piracy in the Gulf of Guinea (GoG).

The 16 coastal countries that are situated along the Gulf of Guinea include Nigeria, Angola, Benin, Cameroon, Cote d’Ivoire, Democratic Republic of Congo, Republic of Congo, Guinea, Equatorial Guinea, Guinea-Bissau, Gabon, Ghana, São Tomé and Principe, Togo and Sierra Leone.

“The imperative of this project cannot be overemphasized as about 90 percent of the yearly kidnapping incidents worldwide occur in GoG and the pirate operations in the region are becoming more sophisticated,"

“These pirate activities pose serious threats to trades and businesses along the corridor and retard the economies of the GoG countries particularly Nigeria,"

“This glooming outlook calls for concerted actions by the multi-lateral and development partners and the GoG countries to reduce the influence and activities of piracy for improved security, peace and sustainable development in the area,"

“The published report on the root causes of piracy in GoG will contribute to evidence-based programmatic and policy interventions by the GoG countries and the development partners aimed at curtailing maritime crimes in the region,” he said.