Nigeria, India commit to strengthening trade, food, maritime security

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Lagos, Nov. 17, 2024 – Nigeria and India have agrees to boost their bilateral relationship in areas of economic development, defence, healthcare and food security.

The two countries also agreed to a greater collaboration in counterterrorism, maritime security, and intelligence sharing.

According to Bayo Onanuga, the Presidential Spokesman, these were the major outcome of the bilateral talks between the two countries held on Sunday during the state visit of Narendra Modi, the Indian Prime Minister.

“The leaders reiterated their unequivocal condemnation of terrorism in all its forms and manifestations including the cross-border movement of terrorists and terror financing networks and safe havens.

“They called for zero tolerance to terrorism and expeditious finalization and adoption of the Comprehensive Convention on International terrorism in the UN Framework as well as implementation of the UNGA and the UNSC resolutions on countering terrorism and violent extremism.

“It was agreed to enhance cooperation in the area of counter terrorism.

The stamen said Prime Minister Modi reiterated India’s readiness to support Nigeria’s defence modernisation efforts, highlighting India’s emergence as a trusted defence manufacturer.

The two leaders also highlighted the vibrant economic relationship between India and Nigeria, with India positioned as Nigeria’s largest trading partner and a significant contributor to its economy.

Nigeria commended the contributions of over 200 Indian companies operating in the country, which have generated substantial employment and investment opportunities.

On bilateral trade expansion, both leaders directed their officials to finalise pending agreements, including the Economic Cooperation Agreement (ECA), Double Taxation Avoidance Agreement (DTAA), and the Bilateral Investment Treaty (BIT), to boost trade and investment.

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