India – Nigeria Virtual B2B Meeting

BACKGROUND:

Nigeria is India’s First largest trading partner in West Africa
India and Nigeria enjoy warm, friendly and deep-rooted bilateral relations. India, with a population of 1.3 billion, and Nigeria, over 190 million, are large developing and democratic countries with multi-religious, multi-ethnic and multi-lingual societies. India as the largest democracy in the world and Nigeria as the largest in Africa, become natural partners.
India is the largest trading partner of Nigeria and Nigeria is India’s largest trading partner in Africa with the bilateral trade touching US $ 13.89 billion in the 2018-19 posting a growth of 18% over the 2017-18 figures of US$ 11.75 billion, making India its largest trading partners. India trade with Nigeria in the year 2019-2020 grew by 33%. Indian exports to Nigeria in 2019 -20 grew by 30% and in the year 2019 from April to December there was growth of 27%-28% in Indian Exports.

The Potential Sectors are:

• Agricultural & Food Processing 
• Power 
• Telecom Sector 
• Pharmaceutical 
• Automotive
• Technology 
• Solar Energy 
• Dairy Products 
• Packaging 
• Information
• Communication and Technology