Tag: Nigeria India trade

By Asiwaju Adekunle Saheed Vice President Kashim Shettima has arrived in New Delhi, India, to represent President Bola Ahmed Tinubu at the 18th BRICS Leaders’ Summit, part of Nigeria’s efforts to deepen bilateral relations and expand trade and investment opportunities with member and partner countries of the bloc. The summit, held under the theme Building Resilience, Innovation, Cooperation And Sustainability, will see Shettima lead a high level Nigerian delegation comprising the Ministers of Foreign Affairs, Industry Trade and Investment, Communications and Environment, among others. Speaking ahead of the summit, Minister of Foreign Affairs, Bianca Odumegwu Ojukwu, said Nigeria will explore new partnerships in agriculture, technology, artificial intelligence and the digital economy, drawing lessons from India’s experience in deploying technology to create opportunities for its youth population. Minister of Industry, Trade and Investment, Jumoke Oduwole, said the Tinubu administration is working to deepen Nigeria’s trade relationship with India, previously valued at about $14 billion, disclosing that major investors of Indian origin have expressed interest in meeting the Nigerian delegation. Oduwole noted that India used to buy Nigerian oil extensively, and officials are now looking at ways to expand that trade relationship amid shifting global market dynamics. At the summit, Shettima will join leaders of BRICS member and partner countries for high level discussions on inclusive global growth, resilience and sustainable development, alongside bilateral engagements aimed at advancing Nigeria’s economic interests. Nigeria became a BRICS partner country in January 2025 and has since used the platform to strengthen South South cooperation and broaden its relations with major emerging economies. The Nigerian delegation is also expected to participate in the BRICS open session and other activities scheduled on the sidelines of the summit in the coming days.