May 30, 2024
  • The 2nd Session of the India-Nigeria Joint Trade Committee (JTC) held in the Nigerian capital city of Abuja on 29th and 30th April 2024.
  • Nigeria is the 2nd largest trading partner of India in Africa region, with a bilateral trade worth $11.8 billion in 2022-23. In the year 2023-24, the bilateral trade stood at $7.89 billion, showing a declining trend.
  • With a total investment of $27 Billion, approximately 135 Indian companies are actively engaged in Nigeria’s market, with investments in sectors like infrastructure, manufacturing, consumer goods and services.
  • The both sides held a comprehensive dialogue to review the recent developments in bilateral trade and investment ties.
  • India is represented by 7-member delegation led by Amardeep Singh Bhatia, Additional Secretary with the Department of Commerce.

 

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