The Federal Government has begun strategic moves aimed at attracting Indian investors to explore opportunities in the Nigerian economy.
The Ministry of Finance made the disclosure following a visit of delegation from the Indian High Commission to Nigeria, led by High Commissioner, HE Mr. Shri G. Balasubramanian.
According to a statement approved by the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, the meeting explored opportunities for enhanced cooperation between Nigeria and India.
The minstry said, “It further aimed to advance ongoing partnerships and collaborations between Nigeria and India, building on existing economic and cultural ties. This strategic engagement underscores the importance of international cooperation in driving growth and development.
“The visit follows a series of diplomatic exchanges between the two nations, demonstrating their commitment to fostering a strong and mutually beneficial relationship.
“As Nigeria continues to navigate its economic growth trajectory, collaborations with key partners like India are crucial.”
The finance ministry said by strengthening ties with India, Nigeria seeks to leverage India’s expertise in areas such as technology, healthcare, and infrastructure development.
“This partnership also presents opportunities for Indian businesses to tap into the country’s vast market and resources.
“Thus, the meeting between HM Wale Edun and the Indian High Commission’s delegation marks a significant step forward in Nigeria-India relations.
“As both nations continue to explore avenues for cooperation, this partnership is poised to yield tangible benefits for the people of Nigeria and India alike.”