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  • Indian Mission

US$ 15.47mn
FDI inflows to India from April 2000-March 2021

US$ 8,807mn

bilateral trade value for 2020-2021

40,035
NRIs/PIOs currently in Nigeria

Concurrent Accreditation The Mission in Nigeria also handles India's bilateral relations with Benin, Cameroon and Chad

Economy

Among the top 10 best-performing economies in 2018-19 by improving in six out of 12 areas measured by World Bank EoDB.

Trade

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.

Pharmaceuticals

Many opportunities as India caters to over a third of the nation's healthcare demands as well as outgoing medical tourism.

Regulation

Nigeria has made starting a business easier by reducing the time taken to register a firm and by improving online platforms.

Solar Energy

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

Values in US$ Millions

S.No. \Year 2014-2015 2015-2016 2016-2017 2017-2018 2018-2019
1 EXPORT 2,681.37 2,221.90 1,764.11 2,254.92 3,005.21
2 %Growth -17.14 -20.6 27.82 33.27
3 India’s Total Export 310,338.48 262,291.09 275,852.43 303,526.16 330,078.09
4 %Growth -15.48 5.17 10.03 8.75
5 %Share 0.86 0.85 0.64 0.74 0.91
6 IMPORT 13,682.97 9,949.17 7,659.48 9,501.33 10,884.71
7 %Growth -27.29 -23.01 24.05 14.56
8 India’s Total Import 448,033.41 381,007.76 384,357.03 465,580.99 514,078.42
9 %Growth -14.96 0.88 21.13 10.42
10 %Share 3.05 2.61 1.99 2.04 2.12
11 TOTAL TRADE 16,364.34 12,171.07 9,423.59 11,756.26 13,889.92
12 %Growth -25.62 -22.57 24.75 18.15
13 India’s Total Trade 758,371.89 643,298.84 660,209.46 769,107.15 844,156.51
14 %Growth -15.17 2.63 16.49 9.76
15 %Share 2.16 1.89 1.43 1.53 1.65
16
TRADE BALANCE
17 India’s Trade Balance -137,694.93 -118,716.67 -108,504.60 -162,054.83 -184,000.33

Nigerian–Indian Chamber of Commerce & Industry (NICCI)

+234-8023644214

Visit Website

C/O Patplast Limited,7-11, Industrial Avenue, Ilupeju, Lagos-Nigeria

Assocham India

+91-11-46550555

Visit Website

ASSOCHAM Corporate Office, 5, Sardar Patel Marg Chanakyapuri, New Delhi – 110021

FICCI

+91-11-23738760/70

Visit Website

Federation House, Tansen Marg, New Delhi, 110001

High Commission of India, Abuja, Nigeria (concurrently accredited to Benin, Cameroon, Chad and the Ecowas)

;

+234 7080622800/1/2/3/4

Visit Website

364, Cadastral Zone,
Central Business District (CBD),
Off Constitution Avenue, FCT, Abuja

Opportunities

Agricultural exports

    Ethyl alcohol & oth. spirits, denatured, of any strength (220720)

    agriexchange.apeda.gov.in

    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)

    agriexchange.apeda.gov.in

    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)

    agriexchange.apeda.gov.in

    Pasta (excl. of 1902.11-1902.20) (190230)

    agriexchange.apeda.gov.in

    Food preps., n.e.s. (210690)
    Preparations for infant use, put up for RS (190110)

    agriexchange.apeda.gov.in

    Other cane sugar: (170114)

    agriexchange.apeda.gov.in

    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)

    fishexchange.mpeda.gov.in
Employment Opportunities

*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

More Info: Visa – Nigeria Immigration Service Visa Application Guidelines

    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

    Doctors, nurses, radiologists, lab technicians

    Nigeria is in need of the latest technology and skill sets to bolsters the healthcare sector. Nigeria attracts large number of healthcare workers ranging from doctors to nurses and lab technicians.

    Federal Ministry of HealthVisa 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
Minerals

    Reserves: 15 million tonne
    Production: 20,000 tonne

    Reserves: 2.7 billion tonnes
    Production: 40,000 million tonnes

    Reserve: 1 million – 200 million tonnes

    Iron Ore:
    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

priority sectors

Here are the leading sectors of opportunities for foreign investors

Top Import/ Export Items

India's top import from Nigeria
  • Crude and Petroleum oils obtained from bituminous minerals, crude
  • Petroleum gases and other gaseous hydrocarbons in liquefied form
  • Coconuts, Brazil nuts and Cashew nuts, fresh or dried
India's top export to Nigeria
  • Chemical Products
  • Paper and Paperboard
  • Apparel and clothing (knitted) and non-knitted
  • Plastic articles
  • Articles of iron and steel
  • Electrical machinery and equipment
  • Machinery and mechanical appliances
  • Automobiles and its components
  • Pharmaceutical products

Bilateral Investors

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