Nigeria-India Trade Volume Skyrockets to $16billion

The Indian High Commissioner-designate to Nigeria, B. N. Reddy has revealed that trade volume between Nigeria and India has soared to $16billion.

The Indian envoy who spoke in Abuja during the launch of the India-Nigeria Business Promotion Council said as biggest trading partners in Africa, both countries must share experiences and assist each other in areas of interests.

“India supports the core objectives of the new administration in Nigeria. These are security, employment and empowerment. We will work with the government of Nigeria to achieve these goals and objectives,” Reddy said.

“Nigeria is India’s largest trading partner in Africa and India is Nigeria’s biggest trading partner in the world. We are gaining some experiences in our country and India will be glad to share these experiences with Nigeria.”

“India is committed to the growth and development of Africa. We are the fourth biggest trading partner to Africa. We still have a lot of grounds to cover and Nigeria has a role to play.” Nigeria’s Minister of Industry, Trade and Investment, Okechukwu Enelamah, in his remarks said the country was willing to learn from the experience of India.

He, however, pleaded with Indian investors present at the event to open world-class hospitals and medical centres in Nigeria to halt the medical tourism of Nigerians to India.

 

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