Modi makes history
India’s Prime Minister Narendra Modi will visit Nigeria from 16 to 17 November 2024 at the invitation of Nigerian President Bola Ahmed…
India’s Prime Minister Narendra Modi will visit Nigeria from 16 to 17 November 2024 at the invitation of Nigerian President Bola Ahmed Tinubu. It will be the first visit by an Indian Prime Minister in 17 years. Modi will hold talks with Nigerian leaders to strengthen the strategic partnership and explore new areas for bilateral cooperation. He will also address the Indian community in Nigeria, where over 200 Indian companies have invested more than $27 billion in key sectors, according to India’s Ministry of External Affairs.
India is Nigeria’s key trade partner. In 2022, Nigeria exported over $8 billion to India and imported nearly $5.5 billion in return. Significantly, India is one of the largest markets for Nigeria’s main export: crude oil. For Nigeria to increase production, it must secure reliable markets for its crude, and India is a logical partner. Additionally, a thriving Indian community is actively involved in some of Nigeria’s most critical sectors, highlighting the importance of deepening ties between the two countries. Strategically, this relationship is overdue for strengthening. India has successfully implemented many economic and growth policies Nigeria aims to adopt, facing challenges similar to Nigeria’s while operating as the world’s largest democracy.