Nigeria to earn $3bn annually from hibiscus flower export to Mexico
Adejare Bello, Nigeria’s ambassador to Mexico, says the country is expected to earn about $3 billion annually when it resumes the exportation of hibiscus flowers to Mexico in January 2023. According to a statement by Abimbola Tooki, spokesperson to the ambassador, Bello said this at the recent signing of a bilateral agreement between Nigeria and Mexico.
Vincent Isegbe, comptroller-general of the Nigerian Agricultural Quarantine Service (NAQS), who represented Mohammad Abubakar, minister of agriculture and rural development, signed the agreement on behalf of Nigeria. Bello recalled that Nigeria had maintained a good trade relationship with Mexico in the exportation of hibiscus until 2017, when the relationship was suspended upon discovery that some containers of hibiscus flowers brought from Nigeria were contaminated with pests.
He said during the period, Nigeria raked in over $600 million annually before the exportation was suspended by the Mexican authorities. Bello said that upon his resumption as the Nigerian envoy to Mexico in June last year, he immediately swung into action to resuscitate the relationship.
He also said that he took other steps to take the trade relationship that had existed between both countries to the next level.
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