India is one of the top economic partners of Nigeria, with investments estimated at about 27 billion US Dollars and an annual trade turnover estimated at between 13-15 Billion US Dollars.
Nigeria and India have signed a Memorandum of Understanding (MoU) on the development of new and renewable energy technologies like Solar Energy, Wind Energy, Biomass/ Bio-energy, Small Hydro and Capacity building.
This was revealed Monday as Nigeria’s Minister of Foreign Affairs Ambassador Yusuf Maitama Tuggar hosted the sixth Nigeria – India Joint Commission Meeting.
The meeting was held during the official visit of the Minister of External Affairs of India, H.E S. Jaishankar to Nigeria.
According to a statement from Alkasim Abdulkadir, Special Assistant on Media and Communications Strategy to the Minister of Foreign Affairs the Commission reviewed the decisions of the 5th Joint Commission and also the entire scope of bilateral relations between India and Nigeria.
The statement said: “The meeting culminated in the signing of an MoU on Cooperation on Renewable Energy. The agreement seeks to focus on development of new and renewable energy technologies like Solar Energy, Wind Energy, Biomass/ Bio-energy, Small Hydro and Capacity building.”
The meeting emphasized the significance of the Sixth Session as the continuation of the era of meaningful and expanding economic interaction between the two countries.
The bilateral meeting held at the Ministry of Foreign Affairs in Abuja covered a wide range of sectors from Political, Culture, Aviation, Trade and Investment, Developmental Partnership, Defence and Security Cooperation to Consular Matters and Regional issues and Multilateral Cooperation
In a parley with the press, after signing the MoU, Tuggar stated Jaishanka had earlier visited Lagos where he held productive meetings with the India-Nigeria Business Forum and also addressed the Nigerian Institute Of International Affairs (NIIA) in Lagos on India and the Global South.
“We had very fruitful deliberations at the 6th joint commission between Nigeria and India, several issues were discussed as regards different sectors ranging from economy, trade, consular issues, culture and aviation. I have to say that the meeting was very fruitful and rich” Tuggar said
“You know that Nigeria and India have a lot in common, we are two largest democracies on the continent of Africa and Asia, we are the most populous and we have a strong bond and we have been friends for a long time, our relationship will continue to grow stronger” he further added.
Responding to the press at the parley, Jaishankar said, “India and Nigeria share a long-standing and friendly relationship which is rooted in history. We are the largest democracies of the world and are the leaders in our continents. In recent years, this has been renewed by contacts between our leaderships”.
India is one of the top economic partners of Nigeria, with investments estimated at about 27 billion US Dollars and an annual trade turnover estimated at between 13-15 Billion US Dollars.
The next meeting (7th) of the Nigeria-India Joint Commission will be held in India.
