Rawat noted that India remains one of Nigeria’s top five trading partners and the presence of over 50,000 Indians in Nigeria, is a testament to the strong ties between both countries. Stressing that Indian companies are key contributors to Nigeria’s economic development, being the second-largest employers in the country after the Federal Government, shge said the success stories of Indian entrepreneurs is Nigeria’s success as well.

She further described the expo as a crucial platform for enhancing business relations and promoting shared prosperity, urging the businesses to take advantage of Nigeria’s role as a major economic force in West Africa and the opportunities created by the African Continental Free Trade Agreement (AfCFTA).

Lagos State Governor, Babajide Sanwo-Olu, described the expo as a reflection of the deep-rooted friendship between both nations, emphasizing its importance in strengthening trade, investment and cultural ties. Sanwo-Olu who was represented by the Permanent Secretary, Ministry of Commerce, Corporate, Trade and investment, Olugbemiga Aina, praised the growing presence of Indian businesses in Lagos, acknowledging that these companies go beyond trade by actively engaging in local manufacturing, contributing significantly to job creation and economic growth.

He noted that Lagos, as Nigeria’s commercial hub, is a natural partner for Indian businesses, given its vibrant economy and business-friendly environment; adding that India has presence in key sectors such as manufacturing, pharmaceuticals and ICT, which have all been invaluable in shaping Nigeria’s economic landscape. Citing the pharmaceutical sector, he noted how Indian companies have played a pivotal role in ensuring the availability of high-quality and affordable medicines for Nigerians. The governor further highlighted Lagos’ emerging opportunities in renewable energy, technology transfer, and smart city initiatives, calling on Indian investors to tap into the state’s evolving economic landscape.


https://guardian.ng/business-services/industry/india-nigeria-strengthen-bilateral-ties/