Bilateral trade between Nigeria and India rose by about 26 per cent to $9bn in the 2025-26 financial year from $7.13bn recorded in the preceding year, the Indian High Commissioner to Nigeria, Abishek Singh, has disclosed.
Singh, who made the disclosure at a media briefing in Abuja on Wednesday, also said more than 200 Indian companies operating in Nigeria had created close to 100,000 jobs for Nigerians, making them the second-largest employers of Nigerian workers after the Federal Government.
The High Commissioner said the growth in trade reflected the expanding strategic partnership between both countries, which he noted had moved beyond traditional oil and historical ties to encompass investment, security, technology, agriculture, healthcare, energy and other sectors.
“Very happy to report that the trade for the financial year 2025-26 stands at around US dollar 9 billion, which is up from US dollar 7.13 billion in the financial year 2024-25,” Singh said.
He said Indian companies in Nigeria were active in pharmaceuticals, manufacturing, power, construction, consumer goods, healthcare and services, adding that many had established production plants in the country.
