India says it has finalised arrangements to commence direct flights from Nigeria to Bombay to boost trade relations between the two countries.
Indian High Commissioner to Nigeria, Gangadharan Balasubramanian said this during an event to celebrate India’s 74th Republic Day in Abuja.
The Indian Envoy added that trade volume between Nigeria and the Republic of India has reached $14.95b, in favour of Nigeria for the years 2021 and 2022 but that within the period, India purchased ten and half billion dollars worth of oil from Nigeria.
The Indian envoy further said that about four and half billion dollars worth of goods, including pharmaceuticals and engineering goods, were sent to Nigeria from India.
Balasubramanian explained that balancing the trade volume between the two countries will depend on demand and supply from both sides.
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Balasubramanian said both countries are looking at deepening cooperation in Information and Communications Technology (ICT), particularly 5G, Universal Payment Index (UPI), and also the Roopay part of it.
In the field of agriculture, the envoy said both countries are also making efforts to revive trade in agricultural products.
Editor : Ena Agbanoma