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India-Nigeria Bilateral Economic & Commercial Relations

Overall Bilateral Relations

India and Nigeria enjoy warm, friendly and deep-rooted bilateral relations.India established its Diplomatic House in Lagos in November 1958, two years before Nigeria became independent on 1 October 1960.

At present, India is Nigeria’s largest trading partner and Nigeria is India’s largest trading partner in Africa. India is also the largest buyer of Nigerian crude oil. Over 135 companies are owned and/or operated by Indians or Persons-of-Indian Origin in Nigeria. An entire generation in Nigerians from the Northern Nigeria was taught by Indian teachers, treated by Indian Doctors and grew up wearing Indian clothing and watching Indian movies in the 1970s to 1990s. The enormous goodwill earned by Indians can invariably be felt ininteractions with the government and the civil society.

Both countries were in the forefront of international anti-colonial and anti-apartheid struggle and closely collaborated in various international fora. The presence of a large Indian expatriate community of about 50,000, the largest in West Africa, adds value to the importance of our long-standing relationship. 

Nigerian Economic Scenario

With contraction in two consecutive Quarters (First and Second Quarters) of 2016, Nigerian economy had officially slipped into recession - for the first time in 25 years, due to drop in global crude oil prices. Earlier, it had maintained a sustained economic growth of around 7% during 2004 to 2014. 

The Federal Government of Nigeria launched the Economic Recovery and Growth Plan (ERGP) in second-half of 2016 for the period 2017-20 focusing on restoring growth, investing in people and building a globally competitive economy. The policies initiated under the ERGP led to the reduction in the number of existing foreign exchange rates in the economy, improvement in tax administration and significant strides in improving the business environment. Nigeria has moved up by 24 places in the latest World Bank’s Ease of Doing Business Report-2018 (from 167th to 145th) compared to 2017 report. Nigeria recorded a US $12.2 billion capital inflow in 2017, which is 139% compared to 2016. The growth in capital inflow in 2017 was mainly driven by an increase in portfolio investments.

Nigerian economy made a smart recovery and exited recession in the second quarter of 2017 after 5 consecutive quarters of contraction. Nigerian economy grew by 0.83% in 2017, drivenby recovery in global oil prices, increase in domestic oil production, and increase in the contribution of non-oil sectors particularly agriculture. The inflation came down to 11% in July 2018 compared to 18.5 % at end-2016. The Exchange Rate has been stabilized with the active intervention by the Central Bank of Nigeria (CBN). IMF has predicted that Nigerian economy will grow by 2.1% in 2018 and 1.9% in 2019 because of improved outlook for the oil prices, greater foreign exchange availability and recovering oil production. 

The forex reserves of Nigeria increased to a four-year high of US $ 47 billion in July 2018 compared to US $ 30.3 billion in March 2017. The new foreign exchange measures, rising oil prices, attractive yields on Government securities, and a tighter monetary policy have contributed to better foreign exchange availability to a four-year high. Monetary policy was directed at reduction in importation of goods, especially food that can be produced within Nigeria helped in improving the forex reserves. In 2015, Nigerian Central bank barred forex lending to importers of 41 items and services.

Nigerian Government took steps to diversify the Nigerian economy with focus on agriculture sector. It also took drastic steps to reduce its rice importation for boosting domestic production and several initatives are also under implementation for achieving self-sufficiency in rice.

Bilateral Trade, Economic & Investment Relations

  • The year-and-a-half long recession in Nigerian economy since 2016 and restrictions imposed on 41 items of import by the Nigerian Government had a temporary adverse impact on the bilateral commercial engagement. Despite this brief interruption in positive growth of two-way trade volumes, the overallIndia-Nigeria trade and commercial relations remainedbuoyant and steady.

 

  • India is the largest trading partner of Nigeria and Nigeria is India’s largest trading partner in Africa.  The bilateral trade between India and Nigeria during the year 2017-18 registered US $ 11.76 billion, as against US$ 9.42 billion recorded during the year 2016-17.Indian exports to Nigeria during the period 2017-18 were US$ 2.26 billion, as against US$1.77 billion in 2016-17. India’s imports during the period 2017-18 recorded US $ 9.5 billion, as against   US$7.65 billion in 2016-17. 
  • India is the largest importer of Nigeria petroleum products. Out of the total India’s imports of $ 9.5 billion from Nigeria, crude oil accounted for $ 9.29 billion.   In recent years, Nigeria has been one of the main sources of crude for India. Nigeria has emerged as the fourth largest supplier of crude oil and second largest supplier of LNG to India in 2017.

 

  •  It is informally estimated that there would be around US$ 10 billion of investment by Indian companies in Nigeria. 

India-Nigeria Bilateral Trade Statistics
(Value in US $ million)

2013-14

2014-15

2015-16

2016-17

  2017-18

India ’s Exports

2,668

2,681

2,222

1,764

2,255

India ’s Imports

14,098

13,683

9,949

7,659

9,501

Total Trade

16,766

16,364

12,171

9,423

11,756





Institutional Framework & Mechanisms

Trade Agreement: A Trade Agreement was signed between Government of India and the Government of Nigeria in 1983.

Joint Trade Committee (JTC):  India and Nigeria have agreed in 2017 to establish a Joint Trade Committee (JTC) at the level of Commerce Secretary from Indian side and Permanent Secretary (Trade) from Nigerian side to review the ongoing bilateral trade and commercial relations.  The Nigerian delegation led by Permanent Secretary, Ministry of Industry, Trade and Investment is expected to visit India for the first JTC meeting which is expected to take place soon.  

Nigerian Chapter of ASSOCHAM

The Nigerian Minister of Industry, Trade & Investment, Dr. EnelamahOkechukwu, the Indian High Commissioner and President of ASSOCHAM, S. Sunil Kanoria jointly launched the Nigerian Chapter of ASSOCHAM in Abuja on June 28, 2016.  Vice President of Africa Region of World Bank and Managing Director of Dangote Cement and President of Manufacturers’ Associations of Nigeria also attended the launching ceremony.  The High Commission has been partnering with ASSOCHAM’s Nigeria Chapter in organizing business events and also participating in various trade fairs organized by different States of Nigeria. 

Indian companies active in Nigeria:
Over 135 Indian companies are currently operating in Nigeria that are owned and/ or operated by Indians or Persons-of-Indian origin (PIOs).  Prominent among them being Bharti Airtel, Tata, Bajaj Auto, Birla Group, Kirloskar, Mahindra, Ashok Leyland, NIIT, Aptech, New India Assurance, Bhushan Steel, KEC, Skipper Nigeria, Dabur, Godrej, Ranbaxy and Primus Super-speciality Hospital besides 15 prominent companies in Nigerian Power Sector.  Nigeria’s pharmaceuticals, power and transmission sectors are dominated by Indian companies.  Nigeria-based ethnic Indians are economically active in areas relating to manufacturing and retailing of consumer goods, constructions and air-services.Indian owned/operated companies are estimated to be the second largest employer in Nigeria after the Federal Government of Nigeria.

Indian Companies Supporting Nigerian Companies:

Indian companies have been involved in consultancy, supply of engineering goods, project exports as well as several activities associated with production support. A number of companies are also undertaking turn-key projects for Nigerian companies. As a result, Indian engineering goods and services are on the rise in Nigeria.

Dangote Group of Nigeria is currently developing one of the largest Petro-chemical and fertilizer complexes. Several Indian companies are associated in project management, construction and supply of other accessories for these two plants. Engineers India Limited (EIL) is the PMC for the project. Other Indian companies working/worked in the Dangote Oil Refinery Project are : Fabtech, Indcon Projects, Skipper,PatelsAirtemp, Temasme, PhilsEngg, Techno, Larsen & Toubro, Godrej, Vijay Tanks, ISGEC, Altech, Diamond Engineering, Bharat Bijlee, Thermax and Emmerson.

PIO Companies : Prominent PIO groups in Nigeria are: Chanrai family (Agribusiness and automobiles), Dana (Pharma, steel, electronics, consumer goods, domestic airline), Chellarams (consumer goods, foodstuff, financial services, art), Keshwanis (Retailing and Construction) and Mehtanis Churchgate Group (Construction), DUFIL Prime Food Ltd., Indorama (Hqrs in Indonesia), Olam Nigeria Ltd [promoted by Indians with Singaporean Government having a majority stake], etc.

Important Sectors in India-Nigeria Bilateral Trade

Hydrocarbon Sector:
India has become the largest importer of Nigerian crude replacing USA in the recent times. Nigeria now providing about 10 to 12% of our annual crude oil requirement.

The Indian Oil Corporation Ltd. (IOCL) signed the term contract with Nigerian National Petroleum Company (NNPC) in January 2016 and the HPCL in March 2016. Sterling and Essar were the main Indian companies involved in oil exploration. In 2017, after completing open bidding process, Nigerian National Petroleum Corporation (NNPC) allocated crude oil term contracts to three Indian PSU oil companies (IOCL, HPCL and BPCL) for lifting of 32,000 barrels per day. IOCL and HPCL had term contracts with NNPC in 2016 also but for the first time BPCL was also awarded a term contracts in March 2017. The NNPC offered a Government to Government term contract for 2018-2019 forIOCL. After an open bidding process, NNPC has offered term contracts to HPCL and BPCL too for 2018-2020.

Pharmaceuticals:
India is traditionally the largest source of pharmaceuticals to Nigeria, supplying over a third of the country’s demand. In recent years, India has emerged as a destination of choice for Nigerians looking for medical treatment.  During 2017-18, India’s Pharma exports have reached to US $ 413.90 million as against US $ 345.28 million during 2016-17 marking increase of about 20%. These pharmaceuticals are imported in retail as well as bulk forms. Nearly 33 Indian or India-linked companies are active in importing or/and domestic manufacturing pharmaceutical products in Nigeria. They include Ranbaxy, Cadila, Emcure, etc. They have formed an association called IPMIN (Indian Pharmaceuticals’ Manufactures and Importers in Nigeria) to promote the interests Indian pharma sector in Nigeria.

The Pharmaceuticals Export Promotion Council of India (Pharmexcil) with the support of Ministry of Commerce & Industry of India organized International Exhibition on Pharma & Healthcare (IPHEX) in Lagos on February 18-19, 2016.Pharmexcil also organized ‘India- Nigeria Pharma Business Meet’ on 22nd February 2018 at Lagos together with the High Commission of India and with the support of local pharma associations viz. Association of Pharmaceutical Importers of Nigeria (APIN).  Over 60 Indian companies had participated in the event. The main objective of organizing this event is to create a platform for the Indian pharma companies and Nigerian importers to meet and get updated on the new technologies, and exhibit the advanced technologies that are being developed by Indian pharma companies and also to enable the Indian companies to renew their contacts with Nigerians and with customers from the neighbouring countries.  

Power Sector:
The visit of a delegation of Power Trading Corporation India Limited (PTC) led by its CMD to Nigeria in July 2014 set the tone for expanding cooperation between the Indian and Nigerian counterparts in the power sector. The Power Trading Corporation India Limited (PTC) delegation had made presentations in July 2014 which was attended among others by the then Minister of Power and about 40 officials representing senior officials of the Ministry of Power, regulatory agencies and private sector companies.  Through the presentation, the Indian side had shared the challenges that the country had faced and the similarities that both countries were facing in the power sector and how India had brought about reforms in the power sector by successfully introducing the concept of power marketing which resulted in more generation of power, investment and mitigated losses. The delegation had offered that PTC could play a consultative role in the power sector of Nigeria and help Nigeria play a pivotal role in West African power Pool (WAPP) and in the ECOWAS region by developing regional power market and through cross border power trades.

India is emerging as an important market for sourcing electrical machinery and equipment by Nigeria. Over 20 Indian companies are engaged in Nigeria’s power sector-Transmission and Distribution segments, including in manufacturing and supplying electrical transformers and other related accessories. Skipper Nigeria has a large presence in Nigeria with manufacturing bases in Nigeria.

Nigeria imported electrical machinery and equipment (HS Code 85) worth US $ 124 million in 2017-18.Indian companies are evincing keen interest in Nigerian power sector as evident from participation of 14 Indian companies at the Power Nigeria Exhibition held in Lagos in September 2017, and 46 Indian companies participated in Future Energy Exhibition held in Lagos in November 2017.

Solar Energy:
Indian companies are also making a foray into solar energy market as suppliers of solar cells and panels.  As Nigeria targets to achieve 30% electricity generation from solar route, this provides an attractive market for Indian companies.  As a follow-up to the Founding Conference of the International Solar Alliance and the Solar Summit that was held in New Delhi in March 2018, the High Commission of India organised a business event on ‘Nigeria-India Cooperation in Solar & Other Renewable Energy Sources – Opportunities and Way Forward’ in association with Associated Chambers of Commerce and Industry of India (ASSOCHAM) and Abuja Chamber of Commerce & Industry (ACCI) on 21 June 2018 in Abuja.  The event was also attended by representatives of Minister of Power, Works & Housing, Minister of Environment and Minister of Federal Capital Territory (FCT).  The Governor of Cross River State and representatives from Kaduna, Bauchi and Ebonyi State had also attended the event.  Senior representatives of Indian Renewable Energy Development Authority (IREDA), EXIM Bank, BHEL and Avada Group visited from India to participate in the event.  Several senior representatives of Indian companies based in Nigeria such as Skipper Siel, Simba Group, etc. operating in renewable energy sector participated in the event and made their presentations.    Cooperation agreements were signed between the two Indian companies and their Nigerian counterparts.  The Governor of the Cross River State met separately with the Indian delegation as well as members of ASSOCHAM, Nigeria.  

Agriculture:
Vice President of India, Mr.Hamid Ansari during his visit to Nigeria from 26-29 September 2016 announced that India and Nigeria have identified agriculture as important sector for greater cooperation. Nigerian Minister of Agriculture, Mr. AuduOgbehsaid India has made great strides in the field of Agriculture particularly in rice production and talked about learning from India’s experience in Green Revolution. He mentioned that Nigeria needs more rice mills, where Indian companies can invest and assist in setting up of rice mills. Similarly, he said the milk production and cattle breeding also needed some improvement and sought our cooperation.Many private business firms have shown interest even in contract farming in Nigeria. 

As part of Indian High Commission’s business outreach activities, a business event was organised on 5 December 2017 in Abuja, focussing on cooperation in agriculture and allied sectors between India and Nigeria.  This event was organised in collaboration with the Nigerian Federal Ministry of Agriculture, ASSOCHAM’s Nigeria Chapter and the umbrella chamber of Nigeria called Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA).  Indian companies and experts active in agriculture-related activities in Nigeria were also invited to share their experiences. The Chambers of Commerce of the various State Governments, other agencies and organisations from the Nigerian side such as Nigerian Central Bank, Nigerian Investment Promotion Commission, various trade and agriculture-related associations and representatives of farmers associations were also invited.  Exim Bank of India was represented by their Managing Director from India.  The event was inaugurated by the Agriculture Minister, Mr. AuduOgbeh and attended by about 250 people.  An MoU was signed between NACCIMA and ASSOCHAM Chapter in Nigeria.

Automotive Sector
Indian auto majors are present in different segments, including motorcycles, three-wheelers, trucks, tractors and other utility vehicles. Bajaj Auto and TVS have created a niche for their motorcycles in Nigeria. Bajaj counts Nigeria as one of their largest markets outside India for motorcycles. For three-wheelers, it has already set up its second assembly line in Lagos. Other Indian two-wheeler and three-wheeler companies, such as TVS and Kinetic, are also active in Nigeria. With establishment of Tata - Africa Nigeria in early 2009, the company has begun offering its entire range of automotive products in Nigeria.Ashok Leyland and Mahindra are also marketing their products locally. Mahindra and Sonalika have set up assembling plants for their tractors in Nigeria. In May 2016, Total Nigeria Plc signed an after-market partnership agreement with Tata Africa Services Nigeria Ltd. to supply high performance Total-branded lubricants as part of their agreement signed between Total and Tata motors in Mumbai in September 2015.

Bilateral Visits

India-Nigerian relations gained momentum with the State Visit of President Olusegun Obasanjo to India in January 1999 as Chief Guest at the 50th Republic Day celebrations and the visit of Shri Jaswant Singh, External Affairs Minister to Nigeria in March 2000 to co-chair the Third Session of India-Nigeria Joint Commission. In May 2003, the Minister of State for Commerce and Industry visited Lagos to Chair the Conference of Commercial Representatives of Western Sub-Saharan Africa. The Nigerian Foreign Minister, Mr. OluyemiAdeniji, visited India from October 28-30, 2003 to co-chair the Fourth Session of the Joint Commission.
Former Prime Minister, Shri Atal Behari Vajpayee, visited Nigeria in December 2003 to participate in the Commonwealth Heads of Government Meeting (CHOGM-2003). Former President Obasanjo paid a working visit to New Delhi on November 3, 2004 and held discussions with the Prime Minister, particularly on strengthening cooperation in the hydrocarbon sector.

Prime Minister Dr. Manmohan Singh paid an official visit to Nigeria from October 14-16, 2007. This historic visit took place in the 50th year of establishment of diplomatic relations between the two countries. During the visit, an Abuja Declaration on Strategic Partnership was issued which elevated the bilateral relations to a much higher level while laying out the future contours of the bilateral relations.

Indian Prime Minister’s visit was followed by the visit of Vice President Dr. Goodluck Jonathan and several ministerial and business delegations to invite Indian investors to look at opportunities in Nigeria. The Nigerian Vice President again visited India in November 2007 for the ‘India-Africa Hydrocarbon Summit’ and met companies in the oil and gas sector. He visited India again in April 2008 for ‘India-Africa Forum Summit’. In January 2010, Shri Anand Sharma, Commerce Minister, led a 120-member FICCI delegation to Lagos, Nigeria. Soon thereafter, Minister for Petroleum and Natural Gas Shri Murli Deora visited Nigeria and held discussions with his counterpart.

Shri Dharmendra Pradhan, MoS (IC) for Petroleum and Natural Gas, visited Abuja on May 28-29, 2015 to represent Government of India at the inauguration ceremony of Nigerian President-elect Muhammadu Buhari. During his brief visit, the Minister called on President-elect Buhari after attending the inauguration ceremony held on 29 May, 2015. The Minister also handed over the invitation for IAFS-III meeting to the President during his meeting with him.

Nigerian President Muhammadu Buhari (PMB) visited New Delhi, India for the India-Africa Summit-III from 26-30 October 2015. During his visit, President Buhari met with Hon’ble Prime Minister, Narendra Modi. He was accompanied by a 121-member delegation consisting of Governors of Kano State, Mr. Abdullahi Umar Ganduje and Delta State, Mr. Ifeanyi Okowa; National Security Adviser (NSA), Maj.-Gen. BabaganaMonguno (rtd); besides Permanent Secretaries in the Ministries of Defence, Power, Communications Technology, Agriculture, Foreign Affairs and Industry, Trade & Investment. President Buhari’s visit to India was given wide coverage by Nigerian Print and electronic media.

The visit of Indian Vice President Hamid Ansari to Nigeria from 26 to 29 September 2016 and his meetings with Nigerian President Muhammadu Buhari and Vice President Prof. Yemi Osinbajo provided yet another opportunity to further deepen the bilateral cooperation. Vice President Hamid Ansari led a 13-member official delegation comprising of MoS for Finance and Corporate Affairs, three MPs and senior officials. A 22-member CII-led Business delegation also accompanied the Vice President during his visit to Nigeria.

Recent Ministerial Visits from Nigeria of Economic and Commercial Importance:

Nigeria’s participation in the Founding Conference of the International Solar Alliance (ISA) (March 2018) : A Nigerian delegation led by Mustapha Baba Shehuri, Minister of State of Power, Works and Housing of Nigeria and Mr. Ibrahim Usman Jibril, Minister of Environment visited India to represent President Muhammadu Buhari in the Founding Conference of the International Solar Alliance (ISA) and the Solar Summit in New Delhi on 11 March 2018.

Visit of Nigeria’s Health Minister to India (March 2018 & May 2018) :Nigeria’s Health Minister Prof Isaac Adewole visited India in March 2018 to participate in the End-TB Summit and met with India’s Minister of Health & Family Welfare, Shri J.P. Nadda in  New Delhi on 13 March 2018, on the sidelines of the End-TB Summit.  He again visited India in May 2018 to participate in the 4th India-Africa Health Forum, which was organized as part of the Global Exhibition on Services (GES) held from 15-18 May 2018. 

Visit of Nigerian Minister of Transportation to India (March 2018):MrChibuike Amaechi, Hon’ble Minister of Transportation participated in the 13th edition of CII-EXIM Bank Conclave on “India Africa Project Partnership”, held from 25- 27 March 2018 in New Delhi.

Visit of Nigerian Minister of Communications to India (February 2018): Nigerian Minister of Communications Barrister Abdur-Raheem Adebayo Shittu visited India on 22 February 2018 and met India’s Minister of Communications, Shri Manoj Sinha in New Delhi on the sidelines of International Expo of Telecom Equipment and Services Export Promotion Council (TEPC).  Both Ministers discussed intensification of relations and directed the respective officials to work towards that goal.  Minister of State offered India’s help in Nigeria’s quest for development of ICT Sector. 

Visit of Nigerian Minister of State for Power, Works and Housing to India (January 2018) :  Mr. Suleiman Hassan Zarma, Nigerian Minister of State for Power, Works and Housing, visited India to attend an International workshop on Disaster Resilient Infrastructure (DRI) from 15-16 January 2018 in New Delhi, at the invitation of the National Disaster Management Authority (NDMA). He also met Shri R.K. Singh, Hon’ble MoS (IC) for Power and New and Renewable Energy,l on 16th January 2018.

Visit of Nigerian Minister of Agriculture & Rural Development to India (December 2017): Nigerian Minister of Agriculture & Rural Development Mr. AuduOgbeh visited India from 11-15 December 2017. During his visit, he held a meeting with Hon'ble Minister for Agriculture & Farmer's Welfare, Shri Radha Mohan Singh. He also visited Anand (Gujarat) to study India’s experience in White Revolution and Kolkata to explore manufacturing jute bags and other products in Nigeria.

Visit of Nigerian Minister of Finance (May 2017): Nigerian Minister of Finance Mrs. Adeosun Folakemi led an 8-member delegation including two members of House of Representatives and senior officials to India to attend the annual meetings of the AfDB held in Ahmedabad from 22-26 May 2017.

Visit of Nigerian MoS for Petroleum (Oct & Dec 2016): Nigerian Minister of State for Petroleum Resources Dr. IbeKachikwu, accompanied by 3-member official delegation visited India from 16-18 October 2016.  During his visit, Nigerian Minister met his Indian counterpart, Shri Dharmendra Pradhan and discussed on the significant potential for diversifying the engagement in the hydrocarbon sector between the two countries. The Nigerian Minister Dr. Kachikwu visited India again in December 2016 along with three Senators and other high-ranking officials to attend Petrotech 2016 Conference in New Delhi from 4-7 December 2016 and pushed for early conclusion of the MoU on the investment proposal. Both sides have tried to keep the momentum of periodic bilateral visits with a view to strengthen the relations between the two countries.

India-Africa Health Sciences Meet (Sep. 2016): Nigerian MoS for Health, Dr. Osagie Ehanire visited India for the India-Africa Health Sciences Meet, held in New Delhi on 1-3 September 2016.  During the visit he met with the Minister of Health & Family Welfare, Shri Jagat Prakash Nadda and discussed the possibilities for cooperation between India and Nigeria in the field of health and allied sectors.

CII-Exim Bank Conclave (March 2017): A large Nigerian delegation led by Minister of Industry, Trade & Investment, Dr. EnelamahOkechukwu, visited India to attend 11th CII-EXIM Bank Conclave held in New Delhi on 14-15 March 2016 with Nigeria as a partner country. The delegation included 35 Nigerian businessmen from various quarters.  The Governor of Ebony State, Mr. David NwezeUmahi, also attended the 12th CII-EXIM Bank Conclave held on 9-11 March 2017 in New Delhi.

Visit of Governor of Edo State to India (September 2017):Governor of Edo State Mr Godwin Obaseki, accompanied by Mr Emmanuel Usoh, Commissioner for Wealth Creation, Cooperatives and Employment; MrKadiriBashiru, Permanent Secretary, Ministry of Agriculture and Natural Resources, visited India in connection with setting up of Industrial Park by the Mahindra Group in Benin city, capital of Edo State.

Visit of  Governor of Ebonyi State to India (March, 2017): Governor of Ebonyi State, H.E. Engr. (Chief) David NwezeUmahi accompanied by several senior state officials visited India to participate in CII-Conclave in New Delhi from 9-10 March, 2017.

Participation of Indian Companies in Business Events/Expos Held in Nigeria

The India Show :The Confederation of Indian Industry (CII), in association with the High Commission of India and supported by the Ministry of Commerce and Industry, GOI, organised “The India Show,” in Lagos on August 25-27, 2015. The event with the theme “Enhancing Trade and Investment between India and Nigeria” was inaugurated on 25 August 2015.  Over 100 Indian companies participated in the event showcasing their products to boost trade and investment with Nigeria.
ACMA Road Show: The Automotive Component Manufacturers Association of India (ACMA) in association with the Ministry of Commerce & Industry, GOI and the High Commission of India organized ACMA Auto Show and Buyer-Seller Meet in Lagos on July 18-19, 2016 with an objective to showcasing the growing capabilities and products of the Indian Auto Component Industry on offer. Indian High Commissioner, Chairman-ACMA (Northern Region), Mr. Sunil Arora and Director, Policy & Planning, National Automotive Council of Nigeria, Mr. LuqmanMamudu, and others attended the inauguration of the event. 

Kaduna Trade Fair: Indian High Commission participated in Kaduna Trade Fair held in March 2018 for the fourth consecutive year. Apart from display of Indian products and catalogues by various Indian companies, “Free Medical Camps’ were also organised during those trade fairs in cooperation with Indian hospitals/doctors working in Nigeria to show-case India’s excellence in medical field.  HCI, Abuja had also participated in Enugu Trade Fair held in Enugu State in March, 2015.   During the fair in March 2018, artefacts sources from various States of India were displayed as part of States facilitation initiative.

Source India Business Event:Chemical & Allied Export Promotion Council (CAPEXIL) and Trade Promotion Council of India (TPCI) in association with the local Chapter of the Associated Chamber of Commerce and Industry of India (ASSOCHAM) organized ‘Source India’ – Buyer Seller Meet from March 27-29, 2018 in Lagos, Nigeria.  This event was organized under the auspices of the Department of Commerce, Ministry of Commerce & Industry, Government of India.  About 110 reputed Indian entities representing various sectors such as Rubber, Plastics, Paper, Book, IT, Chemicals, Pants, Printing Ink, Glass, Ceramics, Auto parts, Engineering, F&B, etc., showcased their products and services at the event with an objective to find right Nigerian partners for collaboration in trade, investment and joint venture opportunities.   This event was one of the largest business events from India to Nigeria with the objective of promoting bilateral trade and seeking investments and joint ventures between the two countries.  Encourages by the response, the event is likely to be organised again next year.

Information & Communication Technology

The first-ever Indo-Africa ICT Expo 2017(3rd edition) was held in Lagos, Nigeria on September 6-7, 2017. Nigerian Minister of Communications, Barrister Abdur-Raheem Adebayo Shittu was the Chief Guest at the event. Other participants included Mr Vincent SowahOdotel, Deputy Minister of Communications Republic of Ghana and Mr Getachew Negash Tekla, State Minister of Ethiopia’s Ministry of Communication and Information Technology, Government of Ethiopia. 3000 delegates from across Africa were in attendance and 50 Indian ICT companies participated in the Expo as well. Our Minister of State for Communications (Independent Charge), Shri Manoj Sinha addressed the event through a video link.  The event was attended by more than 50 companies from India and was attended by thousands of visitors.

4th Edition of Indo-Africa ICT Expo 2018: Telecom Equipment and Services Export Promotion Council (TEPC) of India along with the High Commission of India, Abuja and the Ministry of Communications of Federal Republic of Nigeria hosted the 4th Edition of Indo-Africa ICT Expo 2018 in conjunction with IT and Telecom Summit, on 22-23 May 2018 in Lagos, Nigeria.  The third edition of the event took place in Lagos from September 6-7, 2017. About fifty Indian companies and eight Nigerian companies participated with more than 1400 visitors and 90 delegates from India.  Our Minister of State for Communications (Independent Charge) addressed the event through a video link.  The Nigerian Minister of Communications who was the Chief Guest expressed his country’s gratefulness for being chosen as the venue for a second successive time.

The 6th Indian Products and Services Exhibition at Lagos on 23-24 March 2017: High Commission Office in Lagos organized the 6th Indian Products and Services Exhibition (IPASE) in Lagos on 23-24 March 2017. Mr. Muda Yusuf, DG of the Lagos Chamber of Commerce and Industry was the chief guest at the inauguration ceremony, which was attended by over 150 people.  Mr. LaoyeJaiyeola, CEO of The Nigerian Economic Summit Group also attended the Exhibition. There were a total of 35 stalls put up by various Indian companies or those companies marketing Indian products including Airtel, Ashok Leyland, TATA, TVS, Godrej and Dabur along with Indian Pharma importers.

Nigeria Pharma Manufacturer’s Expo, Lagos (From 30th Aug- 1st September, 2017): The 4th Edition of Nigeria Pharma Manufacturer’s Expo (NPME) 2017 took place in Lagos. 22 Indian companies from engineering sector led by Shri Sudhakaran Nair, Senior Assistant Director of EEPC participated in the event. An Indian pavilion was set up during the Expo. In addition, Shri Piyush Sudhakaran, Additional Development Commissioner, Ministry of Micro Small and Medium Enterprise was also in attendance at the event by overseeing active participation of Indian companies at the exhibition.

Power Nigeria Exhibition, Lagos (5 September,2017): Power Nigeria Exhibition was held in Lagos which brought together a range of key stakeholders, from power manufactures, suppliers, domestic wholesalers and distributors from across Nigeria and neighbouring countries. 14 Indian companies also participated in the said Exhibition, which was inaugurated by Managing Director, Transmission Company of Nigeria (TCN), Mr Usman Gur Mohammed.

Future Energy Nigeria WAPIC Conference & Expo (7th-8th November, 2017): During the “Future Energy Nigeria” Exhibition organized by Nigerian Ministry of Power, Works & Housing, India Pavilion was inaugurated by the High Commissioner. About 50 Indian companies participated in the Future Energy Nigeria Exhibition. The WAPIC Nigeria was initiated by Indian Chamber of Commerce (ICC) which hosted the Indian pavilion for facilitating interaction among thousands of buyers and decision makers from the region’s capital and consumer sector. Approximately 2700 visitors and 115 targeted Business to Business meetings were facilitated by ICC.

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