Enterprise Television- Nigeria-India Trade Volume Hits U.S.$9.4 Billion
The value of trade between Nigeria and India has hit $9.4billion, just as the two countries prepare to mark 60 years of diplomatic relations in 2018, since the establishment of such relations in 1958.
Indian High Commissioner to Nigeria, Nagabhushana Reddy, disclosed that over the years, both countries have remained strategic partners with improved levels of cooperation between them.According to him, with a bilateral trade volume of $9.4billion in 2017, India has become the largest trading partner of Nigeria in the world.
He noted that India is now the largest trading partner of Nigeria globally, and Nigeria is the largest trading partner of India in Africa with bilateral trade of $9.4billion last year.
The envoy added that India is an emerging development partner of Nigeria, with emphasis on sharing of knowledge and experience with a view to improving capacity building in diverse areas.
The Director, Regions, Ministry of Foreign Affairs, Amb. Olusola Iginla, expressed optimism in the relations shared between both countries, and reaffirmed Nigeria’s readiness to “cooperate in the conclusion of all outstanding agreements” to strengthen bilateral relations.