India-Nigeria trade hits $9bn as firms deepen local production

Bilateral trade between India and Nigeria has experienced a significant boost, reaching approximately $9 billion in the 2025-26 fiscal year. This represents a 26% increase from the $7.13 billion recorded in 2024-25, signaling deepening economic ties between the two nations.

The growth signifies a diversification of the trade relationship, moving beyond traditional oil and commodity exchanges. Both countries are now focusing on expanding cooperation in key sectors such as manufacturing, healthcare, energy, and technology. This strategic shift aims to foster greater economic integration and create new avenues for job creation in Nigeria.

More than 200 Indian companies are actively participating in the Nigerian market, contributing to this expansion. Their involvement is crucial in driving local production and strengthening the overall economic partnership. The Indian High Commissioner to Nigeria, Abishek Singh, highlighted these developments, underscoring the positive trajectory of India-Nigeria economic relations.