Due to the grown up the bilateral trade between India and West African cantry like Nigeria is expected to be USD 12 billion in the current fiscal. In 2009-10,.
The trade between these two countries stood at USD 8 billion. In the last fiscal, India exported goods worth USD 1.4 billion to Nigeria, while imported products worth USD 7.2 billion.
The major export items to Nigeria comprise machinery and instruments, pharmaceuticals, transport equipment and electronic goods, while imports include petroleum, crude and products, non-ferrous metals, wood and cashew nuts.
The total Indian investment in Nigeria was estimated to be about USD 5 billion in 2010. Over 100 Indian companies are operating in Nigeria mainly in automobiles, telecom, hydrocarbons, textiles, chemicals, electrical equipment, pharmaceuticals, plastics and IT industry.
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