Guyana and Nigeria commence direct commodity trading

See below full press release issued by African Caribbean Chamber of Trade, Commerce and Industry:

The African Caribbean Chamber of Trade, Commerce and Industry in collaboration with the Nigerian High Commission in Trinidad and Tobago with non-resident accreditation for Guyana has successfully facilitated the start of commodity trading between Guyana and Nigeria.

The Chamber – a body focused on improving trade between Africa and the Caribbean Region with its headquarters in Georgetown – directly facilitated and received the first commercial commodity quantity goods on Wednesday, March 23, 2022.

The 20ft container carrying shea butter officially marks the start of commodity trading between Guyana and Nigeria and the wider Sub-Saharan region.

Meanwhile, the Chamber would also like to take this opportunity to announce that the first cargo from Guyana is expected to arrive in Nigeria by the end of the year.

That inaugural shipment from Guyana will consist largely of rum and rum products.

This is being done while the Chamber continues intense work to reduce shipping time and make the route more commercially viable.

The Chamber equally wishes to inform the public that direct flight between Africa and the Caribbean is expected to commence before the end of the year. Routes are currently being finalised with airlines and regional governments.

The framework for exchanges between Guyana and Nigeria is already established through the Directorate of technical aid corps – a framework for the exchange of resources, technology, and knowledge between Nigeria and countries of the Africans, Caribbean and pacific countries.

The African Caribbean Chamber of Trade, Commerce and Industry welcomes the expansion of relations between Guyana and the world’s second-largest and second-most-populous continent.