India and Nigeria hold productive trade discussions in Abuja
The discussions encompassed a range of topics such as market access, cooperation in sectors like crude oil, pharmaceuticals, and renewable energy
PTI
Additional Secretary Amardeep Singh Bhatia held discussions with Nigerian Permanent Secretary Ambassador Nura Abba Rimi
New Delhi: The 2nd Session of the India-Nigeria Joint Trade Committee was conducted in Abuja, where delegates from both countries convened to discuss various matters, including the finalization of the Local Currency Settlement System Agreement.
The Indian delegation, led by Additional Secretary Amardeep Singh Bhatia, held discussions with their Nigerian counterparts, co-chaired by Permanent Secretary Ambassador Nura Abba Rimi.
The discussions encompassed a range of topics such as market access, cooperation in sectors like crude oil, pharmaceuticals, and renewable energy, with a focus on resolving pending issues to enhance bilateral economic ties.
The official Indian delegation included representatives from the Reserve Bank of India, EXIM Bank of India, and the National Payments Corporation of India, engaging actively in the proceedings.
Both sides expressed eagerness for increased cooperation, addressing trade barriers, and fostering greater people-to-people contacts.
Additionally, a business delegation from India, led by CII, participated, representing sectors like power, fintech, telecommunications, and pharmaceuticals.
Despite a declining trend in bilateral trade, Nigeria remains a significant trading partner for India in the African region, with bilateral trade standing at $7.89 billion in the year 2023-24, and Indian investments in Nigeria reaching $27 billion across various sectors.
