Nigeria-India relations

From Indpaedia
Jump to: navigation, search

Hindi English French German Italian Portuguese Russian Spanish

This is a collection of articles archived for the excellence of their content.

Contents

History

Briefly

Divya A, Nov 18, 2024: The Indian Express


Six decades of India-Nigeria ties

India and Nigeria, with a population of 1.4 billion and 220 million respectively, are both large, developing and democratic countries with multi-religious, multi-ethnic and multilingual societies. When former PM Manmohan Singh visited Abuja in October 2007, the countries raised the status of their bilateral relationship to a “Strategic Partnership”.


But the ties go back more than 60 years, to when India established its Diplomatic House in Lagos in 1958 – two years before Nigeria became independent of British colonial rule in 1960. Political contacts at the highest level have been maintained since then.

From the 1960s to the ’80s, Indian teachers and doctors played a crucial role during the formative years of independent Nigeria. India also established the National Defence Academy in Kaduna and the Naval War College of Port Harcourt. The 60,000-strong Indian expatriate community, the largest in West Africa today, adds value to the long-standing bilateral relationship.

“Nigeria has had a huge and positive role in Africa. And, close cooperation with Africa has been a high priority for India,” said PM Modi in a post on X.

There is a major economic dimension to the ties as well, with more than 200 Indian companies having invested about $27 billion in Nigeria’s manufacturing sectors and being the second largest employers after the Federal Government. India has also emerged as a development partner on two fronts – by offering developmental assistance through concessional loans ($100 million) and capacity-building training programs.

Nigeria’s role in Africa

Nigeria is the fastest-growing economy in Africa and has the third-largest manufacturing sector. Its economy is the fourth-largest in the continent and its population the largest, which is why it is referred to as the “Giant of Africa”.

It is also a founding member of the African Union, a forum having all African countries as its members. Its precursor, the Organisation of African Unity, was established in 1963 and one of its main founders was then Nigerian President Nnamdi Azikiwe. The AU became a permanent member of the G20 at the India-hosted summit last year.

Additionally, Nigeria is a member of international organisations such as the United Nations, the Commonwealth of Nations, the Organisation of Islamic Cooperation and the Organization of the Petroleum Exporting Countries (OPEC).

Countering China’s footstep in Africa

India’s plans to develop a closer relationship with Nigeria also align with its greater strategic interests in Africa, where China has already made a significant imprint. Africa has major resources, including minerals that India needs for sectors like Electric Vehicles, and is an important player in the Indian Ocean region.

However, during the last two decades, China tremendously expanded trade with African countries. In 2012, total trade between China and Africa was $128 billion, compared to $100 billion between the US and Africa.

Thanks to its economic heft, China heavily funds infrastructure projects such as roads, railroads, dams, ports, and airports under its Belt and Road Initiative (BRI). Presently, China is Africa’s biggest trading partner, with trade topping $200 billion per year. Over 10,000 Chinese firms are operating throughout the continent and the value of Chinese businesses there has grown to more than $2 trillion since 2015, with $300 billion in current investments.

Imports

Crude oil

Nigeria says India now its largest crude importer

AFP | Jun 19, 2014

Oil-rich Nigeria said in June 2014 that India has replaced the United States as its largest crude importer, accounting for more than a quarter of its daily output.

"The US, which had traditionally taken the bulk of Nigeria's crude, has in recent months drastically reduced its demand, which now stands at about 250,000 barrels per day," the Nigerian National Petroleum Corporation (NNPC) said in a statement.

"India, however, now purchases some 30% of Nigeria's daily crude production which currently hovers around 2.5 million barrels," it said, quoting senior official Tim Okon.

The state-run NNPC said after India, China and Malaysia were also ahead of the United States, and that Nigeria, which is Africa's largest oil producer, would supply to customers around the world

YEAR-WISE DEVELOPMENTS

2024: Prime Minister level meeting

Divya A, Nov 18, 2024: The Indian Express

Given the developments and the growth prospects of Nigeria, India will continue its economic and cultural investments in Africa and this will not be possible without Nigeria at the centre of it. The PM said at the end of his visit, “As the saying goes in Africa: ‘A friend is someone you share the path with.’”

Personal tools
Namespaces

Variants
Actions
Navigation
Toolbox
Translate