Nigeria and Canada’s bilateral merchandise trade hit $3 billion in 2025, reinforcing Nigeria’s position as Canada’s second-largest merchandise trading partner in Africa, as disclosed at the sixth Canada-Africa Business Conference, which opened in Lagos yesterday.
The two-day conference focused on unlocking opportunities in financial services, infrastructure, energy, mining, agriculture, clean technologies, and the broader innovation economy. Canada’s Minister of International Trade, Maninder Sidhu, highlighted the growing importance of Nigeria-Canada economic relations and the potential for further expansion.
Group Managing Director and Chief Executive Officer of Zenith Bank Plc, Dr Adaora Umeoji, described the conference as a strategic platform for strengthening commercial relations between both nations, noting that the growing trade relationship presents significant opportunities across multiple sectors. She said the bank’s participation reflects the critical role of financial institutions in facilitating cross-border trade, investment, and economic growth.
Meanwhile, President of the Canada-Africa Chamber of Business, Garreth Bloor, said Lagos was a fitting venue for the next phase of Canada-Africa economic engagement, stating that the chamber is proud to convene a programme that showcases Nigerian excellence, Canadian ambition, and the commercial partnerships that can serve global markets.
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