The volume of bilateral trade between Nigeria and the Philippines has increased by an unprecedented 700 per cent over the last three years.
The Philippines’ Ambassador to Nigeria, Mersole J. Mellejor, disclosed this on Wednesday during the 128th Independence Anniversary celebration of the Republic of the Philippines hosted by the country’s Embassy in Abuja.
According to him, the volume of bilateral trade between the two countries rose from a modest 47 million dollars in 2023 to 300 million dollars in 2025.
He said that both countries had maintained cordial relations and were working to expand cooperation in other areas for mutual benefit.
He said Nigeria and the Philippines were seeking to strengthen their longstanding diplomatic ties by deepening cooperation in education, trade and investment.
“The level of bilateral trade is modest by today’s standards, but it has shown remarkable potential, having expanded consistently over the last three years,” he said.