Mr Abhay Thakur, the High Commissioner of India to Nigeria, has said the trade volume between India and Nigeria increased to 13.9 billion U.S.
dollars in 2018-2019.
Thakur said this at the 70th anniversary of India’s Republic
and 60th year of formal diplomatic relations between India and Nigeria on
Friday in Abuja.
He said that India and Nigeria had long standing relations
based on mutual respects that predate independence of the two countries.
According to him, 2019 witness several milestones in the
cooperation between the two countries.
”We held the first-ever bilateral Consular Dialogue and the
first-ever Joint Trade Committee, both co-chaired at the level of Permanent
Secretaries. Our own visa norms for Nigeria was liberalised.
”We are Nigeria’s largest trading partner and Nigeria is our
largest trading partner in Africa.
“Our bilateral trade turnover grew by 18.1 percent in
2018-2019 to reach $13.9 billion and has so far grown by 7.05 per cent in the
first eight months of 2019-2020.
“Nigeria has been the 3rd largest supplier of crude oil and
2nd largest supplier of Liquefied Natural Gas to India in the year 2019-2020.
“We signed the revised Air Service Agreement last year and
are hoping that direct flights between India and Nigeria can commence this
year, despite challenges in the aviation sector,” he said.
Thakur said that the 15th India-Africa CII-EXIM Business
Conclave would be held in March 2020 in New Delhi.
He added that the India-Nigeria Joint Commission would also
be holding in 2020.