By Jemimah Wellington, JKNewsMedia Reporter
NIGERIA AND India have deepened their strategic partnership with a focus on economic growth, defence cooperation, healthcare, and food security.
Indian investors pledged over $14 billion in investments across Nigeria’s industrial, energy, telecommunication, and defence sectors during the Nigeria-India Presidential Roundtable held on the sidelines of the G20 Summit in New Delhi.
The agreement, highlighted in a joint statement, underscores Nigeria’s reliance on India’s technical expertise to boost infrastructure development through concessional lines of credit.
Both nations also finalized long-term contracts for crude oil and LNG supplies, pipeline transmission security, and LPG bottling to secure energy collaboration.
Prime Minister Narendra Modi reaffirmed India’s support for modernizing Nigeria’s defence infrastructure, citing India’s role as a trusted defence partner.
Discussions extended to maritime security in the Gulf of Guinea and Indian Ocean to combat piracy and protect trade routes.
On food security, the two countries agreed to leverage agricultural machinery and high-yield seeds, enhancing technical cooperation to counter challenges in feeding growing populations.
They also addressed pending bilateral trade agreements, including the Economic Cooperation Agreement (ECA) and the Bilateral Investment Treaty (BIT).
India’s 200 companies in Nigeria were acknowledged for generating jobs and investments, reinforcing economic collaboration.
Both countries condemned terrorism and reiterated commitments to coordinated actions to secure global peace.
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