Nigeria and India have inaugurated Business Council to deepen trade relations.
Vice President, Professor Yemi Osinbajo while inaugurating the council on Monday, said the countries long bilateral relations have further been renewed.
Represented by the Minister of Mines and Steel Development, Mr. Olamilekan Adegbite , Prof Osinbajo urged the Indian business community in Nigeria to expand investments into more critical sectors of the economy, such as defence, healthcare and the movie industry.
Responding, the Indian Minister of State for External Affairs, Shri Muraleedharan noted that Nigeria has always been a favorite investment destination for that country with about 135 Indian companies which are estimated to have invested over US$ 20bn.
”the large and growing population of Nigeria, its talented youth, the abundance of natural resources, a democratic and business-friendly Government and very strong cultural bonds between Nigerians and Indians have all fuelled the rising economic engagement between both countries”, He stated.
The Indian Minister of State for External Affairs also met with the Nigerian Minister of Foreign Affairs, Mr Geoffrey Onyeama and they expressed commitment to addressing peculiar challenges facing both countries.
Writing by Hamza Alkali, Editing by Annabel Nwachukwu & Adeniyi Bakare