India is the largest trading partner of Nigeria and Nigeria is India’s largest trading partner in Africa.
India is largest importer of Nigeria's petroleum products
More than US$10bn invested by Indian companies in Nigeria
Nigerian students have been coming to India since 1955
Indian-run firms are the 2nd largest employer in Nigeria
FDI inflows to India from April 2000-March 2021
bilateral trade value for 2020-2021
NRIs/PIOs currently in Nigeria
Concurrent Accreditation The Mission in Nigeria also handles India's bilateral relations with Benin, Cameroon and Chad
Among the top 10 best-performing economies in 2018-19 by improving in six out of 12 areas measured by World Bank EoDB.
Nigeria has reduced the time to export/import by upgrading its electronic system and by launching e-payment of fees.
Oil & Gas
Nigeria is the largest producer of crude oil in Africa, meeting 10-12% of India's annual requirement. and offering related opportunities.
Many opportunities as India caters to over a third of the nation's healthcare demands as well as outgoing medical tourism.
Nigeria has made starting a business easier by reducing the time taken to register a firm and by improving online platforms.
Nigeria wants to meet 30% electricity consumption through the solar route, making renewables a leading attraction for investors.
India's Exports and Imports to Nigeria
Source: Department of Commerce
Values in US$ Millions
|3||India’s Total Export||310,338.48||262,291.09||275,852.43||303,526.16||330,078.09|
|8||India’s Total Import||448,033.41||381,007.76||384,357.03||465,580.99||514,078.42|
|13||India’s Total Trade||758,371.89||643,298.84||660,209.46||769,107.15||844,156.51|
|17||India’s Trade Balance||-137,694.93||-118,716.67||-108,504.60||-162,054.83||-184,000.33|
364, Cadastral Zone,
Central Business District (CBD),
Off Constitution Avenue, FCT, Abuja
Durum wheat: seed (100111)
Maize (corn), other than seed (100590)
Maize (corn), seed (100510)
Malt extract; oth. food preps. of flour/groats/meal/starch/malt extact [see … (190190)
Malt, not roasted (110710)
Other durum wheat excl seed (100119)
Milk & cream, concentrated (excl. in powder), unsweetened (040291)
Milk in powder/granules/oth. solid form, fat content by wt. not >1.5% (040210)
Milk in powder/granules/oth. solid form, unsweetened, fat content by wt. >1 … (040221)
Food preps., n.e.s. (210690)
Preparations for infant use, put up for RS (190110)
Fish; edible offal, fish heads, tails and maws (030572)
Fish; frozen, blue whitings, excluding fillets, livers, roes, and other fish meat heading 0304 (030368)
Fish; frozen, herrings excluding fillets, livers, roes, and other fish meat of heading 0304 (030351)
Fish; frozen, jack and horse mackerel, excluding fillet, livers, roes, and other fish meat of heading 0304 (030355)
Fish; frozen, mackerel excluding fillet, livers, roes, and other fish meat of heading 0304 (030354)
*Information subject to changes amid the global COVID-19 pandemic.
Expats in Nigeria are employed by a variety of sectors, such as trading, hydrocarbons, power, health, infrastructure, construction, IT and communications etc. Employment in Nigeria requires CERPAC, a combined residency and work permit, which can be obtained only with a job contract.
The Indian community in Nigeria is estimated to be about 50,000 persons. A generation of Nigerians today in their forties to sixties have been taught by Indian teachers, treated by Indian doctors and have grown watching Indian movies.
Nigeria Immigration Service: http://www.nigeria.gov.ng/index.php/2016-04-06-08-43-26/nigeria-immigration-service
Public and private infrastructure building, maintenance
It is estimated that around 70% of the NIgerian Government’s annual capital spending goes towards the construction sector. Construction of civic infrastructure and connectivity projects has been supported by foreign workers at different levels in Nigeria.Federal Ministry of Works & HousingVisa Application Procedure
Tax, accounting, banking, insurance, audit and other financial services
Rapid economic expansion has warranted steady capacity expansion in the Nigerian financial services sector. Financial services in Nigeria are supported by foreign workers at different capacities.Federal Ministry of FinanceVisa Application Procedure
Software, hardware, new technology in telecoms and communications
Nigeria represents the largest ICT market in Africa with more than 80% of the African telecoms subscriber base, contributing around 13.8% to the national GDP. The IT and ICT infrastructure in Nigeria has been set up and is supported by foreign workers.Federal Ministry of CommunicationsVisa Application Procedure
Automobile to food products production
The manufacturing sector in Nigeria is led by the production of food processing and manufacturing of food items, as per the National Bureau of Statistics. The sector comprises of oil refining, cement, food, beverages and tobacco, textile, apparel & footwear, wood & wood products, pulp paper & paper products, chemical and pharmaceutical products, plastic and rubber products, electrical & electronic, iron & steel, motor vehicles & assembly etc. The manufacturing industry in Nigeria, covering a range of products, draws foreign manpower.Visa Application Procedure
Upstream oil and gas sector staffing
Nigeria is Africa’s largest oil producer, with proven crude oil reserves reported to be around 36.97 billion barrels and proven Natural Gas reserves reported to be 5,675 billion Cubic metres. Natural Gas is a growing, potentially the next major area in the energy sector. Nigeria’s oil and gas exploration sector is a major employer and strength for the economy.Ministry of Petroleum ResourcesVisa Application Procedure
Faculty positions up to uninversity
Nigerian education sector needs upgrading of infrastructure as well as the right skill sets. The education sector in Nigeria, ranging from schools to universities draw foreign teaching staff from different disciplines.Federal Ministry of EducationVisa Application Procedure
Public and private transport operations staffing
The transport sector in Nigeria has seen steady growth to cater to a rapidly expanding market. The transportation space in Nigeria, both private and public, draws foreign reources and manpower.Federal Ministry of TransportationVisa Application Procedure
Reserves: 15 million tonne
Production: 20,000 tonne
Reserves: 2.7 billion tonnes
Production: 40,000 million tonnes
Reserve: 1 million – 200 million tonnes
Production: 70,000 metric tonnes
Reserve: 10 billion tonnes
Reserve: Lead and Zinc – 10 million tonnes
Production: Lead and Zinc – 600,000 metric tonnes
Reserve: 2.3 trillion tonnes
Production: 11,000,000 tonnes
Here are the leading sectors of opportunities for foreign investors
Ashok Leyland holds old stock of buses, trucks and spare parts for distribution to their dealers across Nigeria
Indian Oil Corp Ltd and Edo state of Nigeria have signed an MoU to set up a refinery
Bharti Airtel has telecommunications operations in Nigeria
Godrej produces and markets a range of consumer products