BY NGOZI SAMS
The trade relationship between Nigeria and India has been robust and relatively balanced, says Mahesh Sachdev, the Indian High Commissioner to Nigeria, when he led a delegation of some Indian businessmen to visit Jibril Martins-Kuye, the minister of Commerce and Industry on Tuesday.
“India is Nigeria’s second largest trading partner with the total volume of trade according to our statistics nearly $10.3 billion,” he said. “On the industrial front, Indian companies in Nigeria are also second largest in terms of employment of Nigerians.
The first is federal government in terms of employment while the second is Indian community and Indian-based companies taken together today contribute employment of Nigerian people. Among the companies where India has the top position are steel, power sector and pharmaceuticals.”
Mr. Sachdev said this is significant as there are just about 30,000 Indians in Nigeria, less than 1.5 per cent of the total Nigeria population. India is therefore seeking more ways to boost bilateral and financial ties with Nigeria. He was however silent on the usual accusation of injustice against the Indian employers by most Nigerian employees.
“Initially the visit was to four countries but keeping in view our close ties with Nigeria and the fact that Nigeria’s textile industry deals with the Indian community, it was decided that we include Nigeria in the list,” he said. “We are here to showcase our expertise and offer our experience on the very important task to bring Nigeria’s once mighty textile industry and cotton growing population.”
Ravid Vanger, the leader of the delegation and deputy permanent representative of India at the World Trade Organisation, added that India and Nigeria share long commercial ties.
Source of this news is http://234next.com/csp/cms/sites/Next/Money/5567732-147/nigeria-india_trade_volume_hits_10_billion.csp
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