Nigeria, India aim to rebuild trade to $15bn as Modi pushes for more crude purchases
—Expand cooperation in defence, pharmaceuticals, digital technology, fintech, renewable energy, creative industries By Johnbosco Agbakwuru ABUJA — NIGERIA and India have agreed to strengthen their strategic economic ties, with India seeking to resume crude oil purchases from Nigeria as both countries work to restore bilateral trade to its previous peak of nearly $15 billion.” The renewed push builds on a longstanding economic relationship in which crude oil has historically accounted for a significant share of India’s imports from Nigeria.
Both leaders agreed that stronger private-sector engagement would be central to the next phase of Nigeria-India relations, particularly in industries where Indian companies already possess considerable expertise and Nigerian demand remains strong.
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