Following Indian Prime Minister Narendra Modi’s visit to Nigeria, the Indian government has pledged an increase in investments and deeper economic cooperation. With over 200 Indian companies operating in Nigeria and investments surpassing $27 billion, India has outlined plans to expand into sectors like agriculture, small and medium enterprises (SMEs), and oil and gas, according to Dammu Ravi, Secretary of Economic Relations at India’s Ministry of External Affairs.
Speaking in Abuja, Ravi highlighted India’s focus on diversifying trade relations, including irrigation services, hybrid seed development, and climate-resistant agricultural research. “We are identifying new areas for collaboration, including mining and entrepreneurial skill development through initiatives like SMEDAN and technical training programs,” he noted.
India is also eyeing Nigeria’s oil and gas industry, with Indian companies exploring investments in compressed natural gas (CNG) infrastructure. On healthcare, Ravi revealed plans for a new 300-bed hospital in Abuja, complementing existing Indian-run eye and multi-specialty hospitals.
Beyond economic ties, India reaffirmed its partnership with Nigeria in advocating for United Nations Security Council (UNSC) reforms. Both nations seek an inclusive global governance structure to reflect modern realities. Ravi underscored the importance of unity among Global South nations, emphasizing Nigeria’s potential as a leading African contender for permanent UNSC representation.
The push for reform comes as calls grow for Africa’s inclusion in the UNSC, with the U.S. proposing two permanent African seats. “Reform is necessary and must happen quickly,” Ravi stated, urging collective action from developing nations to secure a stronger voice in international decision-making.
India’s renewed commitment signals stronger ties with Nigeria, encompassing economic growth and shared global governance goals.
