The Nigeria-Slovenia Chamber of Commerce has called on Nigerian businesses to actively explore trade and investment opportunities in Slovenia, describing the Central European nation as a promising frontier for growth.
The appeal was made during the chamber’s 2025 Last Quarter Business Forum held in Lagos State, an event designed to keep the business community informed about opportunities that could foster mutual benefit between the two countries. Attendees included entrepreneurs, trade professionals, and representatives from regulatory agencies.
Speaking at the forum, the chamber’s Director-General, Mr. Uche Udungwor, emphasized the strong bilateral economic ties between Nigeria and Slovenia and outlined the organization’s role in promoting trade and investment.
“The chamber was established to build, promote, and facilitate commercial and industrial collaboration between Nigeria and Slovenia. We provide a platform to exchange information on trade opportunities, advise members on challenges and legislation, and encourage dialogue on matters affecting bilateral commerce,” Udungwor said.
He highlighted Slovenia’s key imports and exports as areas of potential engagement for Nigerian businesses. Major imports from Nigeria include organic chemicals, cocoa and other agro-products, iron and steel scraps, wood, and petroleum products. Conversely, Slovenia exports pharmaceuticals, industrial machinery, automobiles and automotive components, furniture, and has a robust market in ICT and renewable energy.
Noting the current trade balance, Udungwor described it as “not quite encouraging,” citing United Nations COMTRADE data showing that Slovenia imported only $5.7 million worth of Nigerian goods in 2022. He encouraged Nigerian businesses to capitalize on Slovenia’s stable economy and low-risk business environment.
“Slovenia, with a population of about 2.1 million, features Alpine mountains, dense forests, and a short Adriatic coastline. It shares borders with Italy, Austria, Croatia, and Hungary. With a 2024 GDP of $72.49 billion, EU membership since 2004, Schengen participation since 2007, and OECD membership, it represents a gateway between the Balkans, Central Europe, and Western Europe,” he explained.
Udungwor assured that the chamber is available to provide up-to-date guidance on Slovenia’s economy, trade opportunities, and business environment to support Nigerian enterprises in expanding abroad.
The forum also showcased success stories, including that of Mr. Muyiwa Ajose, a participant who credited the chamber with boosting his agro-export business to Slovenia.
By encouraging greater Nigerian engagement in Slovenia’s diverse markets, the chamber aims to deepen economic cooperation and help local businesses broaden their international horizons.