two countries in new areas such as fintech, artificial intelligence, renewable energy, and technology among others.
“Nigeria and India have a shared interest in successfully tackling the challenges facing the global economy such as climate change, global public health emergencies like COVID-19, and the fallout of the ongoing conflict between Russia and Ukraine. There are many areas in which both countries can build an already active bilateral relationship.
He however called for more collaboration in the areas of entrepreneurship and vocational training, stressing that India has been able to use entrepreneurship to bring its unemployment level to around 7% while that of Nigeria is quite high at about 35%. Visiting India’s Minister of State for External Affairs, Shri V. Muraleedharan, in his remarks said Nigeria has always been a favourite investment destination for Indian businesses. He added that there are around 135 Indian companies in Nigeria that are estimated to have invested over $20 billion in Nigeria.
On the trade front, the Minister said Nigeria has been India’s largest trading partner in Africa and a very valuable energy partner. He stressed that bilateral trade between both countries in the year 2021-22 had risen substantially over the previous year to touch $14.95 billion.
Kudos!