Trade and investment, agriculture and tourism are chief areas for cooperation between the two countries.[2]
Economic relations
Bangladesh and Nigeria have expressed mutual interest to expand bilateral trade and investment.[3] Bangladeshi pharmaceuticals, knitwear, cement, jute and jute goods, ceramics, ocean-going vessels, light engineering, leather and plastic goods have been identified as products with huge potential in the Nigerian market.[4] Nigeria has urged Bangladeshi businessmen to invest in its agriculture, food-processing, pharmaceuticals, medical equipments, ICT and education sectors. Trade between the two countries stood at US$14 million in 2012.[5] In 2014, Bangladesh Tariff Commission prepared a feasibility study for the benefits of signing new free/preferential trade agreements with African states and recommended Nigeria along with Mali as the most promising countries for signing such agreements.[6]