India to collaborate with Nigeria on energy transition – official

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Abuja, July 18, 2023 – The Indian High Commission in Nigeria has promised that his country will collaborate with the Nigerian government in ensuring a smooth energy transition.

Shri Balasubramanian, the India’s High Commissioner to Nigeria, made the promise during a visit to the Indian pavilion at the just concluded NOG Energy Week Conference & Exhibition 2023 in Abuja.

He said that India was playing a good role in renewable energy.

“We have some expertise on it and we hope to collaborate with Nigeria on it. I know there are huge opportunities for both countries to leverage on.

He said the country was excited to participate in this year’s NOG.

“India recorded good participation this year with about 48 exhibitors, an increase compared to last year’s conference.

“The layout is very organised. The layout is very easy to navigate. The exhibitors have very good and prime positions which would help them in attracting more customers to their own item which they’re exhibiting.

“All in all, I believe that this is a very well organised exhibition,” he said.

Balasubramanian said that Indian companies at the exhibition were well-grounded and technologically driven companies with quality and affordable products and services, trusting that they will find business opportunities in Nigeria.

He said that innovation, investment banking, and technology were key drivers of Indian economic growth.

The commissioner said He noted that in the past few years, a lot of innovations were taking place in the country through which the economy had been propelled from where it was to where it is today.

“For us we still believe there is a long way to go, we are still an emerging economy and there is still a need for the government to continue to support innovations, Fintech, new startups.

“For example, in two years we have had more than 100 unicorn startups, a unicorn means we have just attracted over a million dollars of investment in startups, and more than five thousand startups have been created in about four to five years now.

“We are heavily investing in Agriculture, Pharmaceutical, and energy and we are willing to collaborate more with Nigeria on many fronts,” he said. (GBN)

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