Nigeria, India Explore New Investment Areas to Improve $12 Billion Yearly Ties
Nigeria and India are working on ways to enhance the $12 billion yearly
bilateral trade between both countries in a way that would focus on
Receiving the Indian High Commissioner to Nigeria, Shri Abhav Thakur,
in his office, Minister of Industry, Trade and Investment, Dr.
Okechukwu Enelamah in a statement, lauded the relationship between
Nigeria and India but said it has become necessary to expand it
beyond trade for increased investment.
Recalling the fundamental co-operation between both countries and
their common heritage in the Commonwealth of Nations, he said
Nigeria is restructuring her economy and bilateral relationships should
The Minister welcomed the envoy's interest in Project Mine, a new
initiative by Nigeria to develop world-class special economic zones to
position Nigeria as the pre-eminent manufacturing hub in sub-Saharan
Africa, and a major exporter of made in Nigeria goods and services
regionally and globally.
The Federal Government had last month, signed investment
agreements with three Development Finance Institutions; Afreximbank,
Bank of Industry and the Nigeria Sovereign Investment Authority
(NSIA) for the project.
Thakur, who expressed interest in the project, requested a formal
briefing to enable him sell the opportunities to Indian investors.
The High Commissioner, who is new in the country, congratulated the
Minister for the electoral victory of President Muhammadu Buhari and
He stated that Nigeria and India are important trade partners and
expressed the need to grow the partnership.
He said his country was looking forward to the Joint Trade Committee
meeting holding in India in April. India and Nigeria, in 2017, agreed to
establish the Committee at the level of Commerce Secretary from
Indian side and Permanent Secretary from Nigerian to review the
ongoing bilateral trade and commercial relations.
The Minister assured him of Nigeria's attendance of the meeting and
promised the envoy that he will enjoy his stay.
"We are glad to have you in Nigeria. We are very hospital people and
we believe you will enjoy your stay," Enelamah said.
Thats very Good
India and Nigeria we hear let see
thanks for this