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NACCIMA Canvasses Increased Trade Between Nigeria, India

September 11, 2023 • 2 min read

National President, Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture (NACCIMA), Dele Oye, has urged for increased bilateral trade relations between Nigeria and India, ensuring deeper economic ties, trade partnerships and increased investments that benefit both nations.

Oye made the case at the Nigeria-India Presidential Roundtable and Conference in New Delhi, India.

Others at the event included Nigeria’s High Commissioner to India, Ahmed Sule and the President, Nigeria-India Business Council, Mr. V. R. Sharma, among other leading industrialists and government officials from India and Nigeria.

Oye reiterated the need to strengthen ties and unlock new economic opportunities to facilitate growth and prosperity in both Countries.

“We recognise the immense potential for economic growth, among other benefits that lie in increased bilateral trade relations between Nigeria and India, and restate the need to strengthen efforts and measures to foster economic ties, facilitate trade partnerships, and promote investments to the benefit of both nations.

“Nigeria and India have diverse economies with a wide range of industries and exploring these markets can open up a new vista of opportunities for trade in various sectors, including agriculture, technology, energy, and manufacturing. Nigerian businesses can tap into India’s vast population, while Indian companies can access Nigeria’s sizable market, leading to increased sales and revenue for businesses in both countries.

“While NACCIMA has been at the fore-front of advocating an environment that fosters growth, competitiveness, and prosperity for businesses across Nigeria,

“We are glad that the President Bola Ahmed Tinubu-led federal government is providing needed leadership, guaranteeing the right reforms, infrastructure and other incentives to ensure the security and success of businesses in Nigeria, and we hope that India will leverage this opportunity, ensuring increased trade relationship between the two countries for mutual economic growth and prosperity,” Oye said.

He also met with the Managing Director of OlamAgri, a leading agri-business firm in Asia and Africa, Ashish Pande.