India & Nigeria Deepen Collaboration

On 17th November 2024, during Prime Minister Narendra Modi’s state visit to Nigeria (the first by an Indian leader in 17 years), India and Nigeria agreed to enhance cooperation in maritime security, intelligence and counter-terrorism.

Key Points

Maritime Security: Joint efforts were pledged to safeguard trade routes in the Gulf of Guinea and the Indian Ocean, with a focus on countering piracy.
Economic Development: Building on $14 billion in pledges from Indian investors at the G20 summit, both nations sought ways to expand Indian investment in Nigeria.
Strategic Partnerships: Collaboration in defence and healthcare was emphasized as vital to bolstering bilateral ties.
Nigeria’s Goals: Africa’s most populous nation is pursuing increased Indian investment and affordable credit to boost economic growth and job creation. Indian companies have a significant presence, with over 200 firms operating in Nigeria.
Significance: This visit reinforces India’s growing engagement with Africa and strengthens ties between the two nations in trade, security, and development.