Nigeria-India volume of trade increases by 26 percent

Adoba Echono, abuja


India and Nigeria bilateral trade engagements have grown over twenty six percent in the last one year.

The India High Commissioner to Nigeria, Mr. Nagabhushana Reddy, stated this at the flag-hoisting to mark the 71st anniversary of India’s Independence in Abuja, Nigeria.

Mr. Reddy, who expressed Indian’s confidence in the potentials of Nigeria, said the bilateral trade relation between the two countries, from April last year to March 2018, is estimated to have grown to twelve billion dollars.

“We have been able to register twelve billion dollars in bilateral trade, which marks an increase of twenty six percent.”

On the crucial role of Nigeria, Mr. Reddy said India is organizing a trade interface between Indian business men and government officials with their West African counterparts in Abuja entitled “Indian West Africa Conclave”.

The envoy also disclosed that India is opening new resident embassies in Africa as part of efforts in boosting Indian relations with African countries.

Mr. Reddy said Nigeria is Indian’s most strategic partner in Africa.

The envoy who explained that Nigeria and India had established a long lasting relation which had flourished over the years and that Nigeria is not only the most country to India in West Africa but the entire Africa.

Mr. Reddy said India has earmarked a lot projects for the future.

According to the envoy: “As part of the independence anniversary the country has announced that by 2022 when the country will be marking its 75th anniversary, India will have an Indian on the moon.”

Mr. Reddy also said that India will be providing health care facilities, a kind of health insurance to over one hundred million Indian families.

He also stated that the project will be launched in September.

Indian Independence Day is annually celebrated on 15 August as a national holiday, it commemorates the nation’s independence from the United Kingdom on 15 August 1947.