Economy
FG to Expand Nigeria, India Trade
- FG to Expand Nigeria, India Trade
The Federal Government has commenced the process to expand the $12 billion annual bilateral trade between Nigeria and India in a way that will focus on investment.
Dr Okechukwu Enelamah, the Minister of Industry, Trade and Investment, said because of the economic potential between both nations it had become necessary to expand it beyond trade for increased investment.
Mr Shri Abhav Thakur, the Indian High Commissioner to Nigeria, commends the level of relationship between Nigeria and India but also said it is important to increase the size of the trade.
The Enelamah welcomed the envoy’s interest in project Made in Nigeria for Export, a new initiative by Nigeria to develop world-class special economic zones to position Nigeria as the pre-eminent manufacturing hub in sub-Saharan Africa, and a major exporter of made in Nigeria goods and services regionally and globally.