- Prime Minister Modi’s visit to Nigeria during his third term marked the first visit by an Indian Prime Minister to Nigeria in 17 years, highlighting India’s strategic focus on strengthening ties with Africa.
- Nigeria, the largest economy and democracy in Africa, plays a significant role in regional and global geopolitics.
- India focuses on defence, energy, technology, trade, health, education, counterterrorism and security collaboration including combating Boko Haram.
- India is emerging as a defence supplier to Africa, with ongoing discussions on arms sales.
- India supports Nigeria with concessional loans ($100 million) and capacity-building programs.
- The Nigerian President conferred India’s Prime Minister with Nigeria’s second-highest national award.
- India-Nigeria trade declined from $14.95 billion (2021-22) to $7.89 billion (2023-24)due to India’s increased oil imports from Russia.
- Nigeria is the most populated country in Africa, with a population of approximately 230 million people.
| Chinese Competition in Nigeria China is Nigeria’s largest export market. Over 200 Chinese companies operate in Nigeria. Chinese-funded projects include the Lekki Deep Sea Port, Abuja Light Rail, and major airport expansions. Huawei has invested significantly in ICT infrastructure and cybersecurity training in Nigeria. China is involved in Nigeria’s mining and lithium processing sectors. |
Dig Deeper: Locate important West Asian countries with a special focus dependence on one or limited items of Exports like Oil, Cocoa, Coffee etc.
