Shettima Meets Modi As Nigeria, India Move To Rebuild Trade Towards Previous High Of $15bn
* PM seeks renewed crude purchases Deji Elumoye in Abuja Nigeria and India have agreed to deepen their strategic economic relationship, with India seeking renewed purchases of Nigeria’s crude oil as
Vice-President Kashim Shettima and Indian Prime Minister Narendra Modi met on the sidelines of the BRICS Leaders’ Summit in New Delhi to discuss rebuilding bilateral trade between Nigeria and India. The two countries aim to return to their previous trade high of nearly $15 billion, with India seeking to increase its purchases of Nigerian crude oil.
Despite a recent decline in trade due to reduced crude imports, the two sides agreed to deepen their economic relationship across various sectors, including renewable energy, healthcare, and digital technology. Both leaders emphasized the importance of private-sector engagement and partnerships that create jobs, transfer skills, and foster economic growth.
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