Nigeria and India Poised for Trade Expansion, Says Trade Minister

Dr. Doris Uzoka-Anite, the Minister of Industry, Trade and Investment, announced that Nigeria is actively looking for avenues to enhance its trade and investment ties with India. She is also actively engaging with Indian business leaders already operating in Nigeria to further strengthen the relationship.

During the ongoing G-20 Summit in India, where she is accompanying President Bola Tinubu as part of the Nigerian delegation, the Minister had a bilateral discussion with Piyush Goyal, India’s Minister of Commerce and Industry, where she conveyed this message.

Uzoka-Anite stated in a statement, “Our trip here has so far been fruitful and Nigerians should be proud of our achievement here. We signed an agreement on Infrastructure Corporation of Nigeria Limited (InfraCorp) and Invest India. We also signed another agreement between the Nigerian Ministry of Communication, Innovation, and Digital Economy and the Indian Ministry of Electronics and Information Technology. We have also secured investment commitments from multinationals like; SkipperSeil Group, Jindal Steel and Power Limited, Bharti Enterprises, and Indorama Petrochemical Limited amounting to several billions of dollars.”

She continued, ‘We have more than 130 Indian companies that are active in Nigeria from manufacturing to hospitality to oil and gas, and healthcare sector”.

Dele Kelvin Oye, the National President of the Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture (NACCIMA), voiced his confidence in the newly-appointed minister’s capability to stimulate growth in the nation’s real sector. He noted that her remarkable background and vast experience make her exceptionally suited for her current responsibilities.

Dele Kelvin Oye mentioned that the minister’s prior experience in banking and subnational governance has provided her with the necessary skills, knowledge, and expertise. He believes that she has applied these attributes to her current role with outstanding competence.