India’s Prime Minister, Narendra Modi, has wrapped up a landmark state visit to Nigeria, marking the first such engagement in 17 years. The visit underscores a renewed commitment to deepening ties between the world’s most populous nations in Asia and Africa. During his talks with Nigerian President Bola Tinubu, Modi emphasized collaboration in key sectors including trade, investment, education, energy, health, culture, and defence.

Key agreements and economic cooperation

The visit saw the signing of three Memorandums of Understanding (MoUs), focusing on cultural exchange, customs cooperation, and surveys. These agreements aim to expand the scope of cooperation between the two nations, building on a long-standing economic relationship. Nigeria hosts around 200 Indian companies, with a combined investment exceeding $27 billion, making them significant contributors to the country’s economy and job market.

Discussions also centered on enhancing trade ties, with an eye on agriculture, pharmaceuticals, railways, and transportation. “The strategic partnership in these sectors promises to deliver mutual benefits and catalyze growth for both nations,” India’s Ministry of External Affairs noted in a statement.

Pharmaceutical and healthcare

A major highlight of Modi’s visit was the focus on Nigeria’s healthcare sector. Indian companies, with an estimated $4 billion investment in Nigeria’s pharmaceutical industry, are driving advancements in medical infrastructure. This includes the forthcoming inauguration of a 300-bed hospital in Lagos, staffed by Indian experts, doctors, and technicians. This facility is expected to enhance Nigeria’s healthcare capabilities and provide a model for similar investments across the continent.

Defence

The two nations reaffirmed their commitment to defence cooperation, an area where India has historically played a vital role. India’s contribution to Nigeria’s National Defence College and Naval Guard College reflects a longstanding partnership aimed at fostering regional security. The Gulf of Guinea and the Indian Ocean, both critical maritime routes, stand to benefit from joint anti-piracy initiatives.

See also  Tanzanian payments firm NALA gets $40m amid funding drought for African startups

With a Joint Defence Committee already in place, chaired by the respective defence ministries, both nations aim to expand collaboration on security technologies and defence procurement. This partnership also supports their shared ambition of securing permanent seats on an expanded United Nations Security Council, reflecting their growing influence on the global stage.

Education

The Indian diaspora in Nigeria, numbering around 60,000, has been instrumental in strengthening bilateral relations. Their contributions to Nigeria’s economic landscape, particularly in entrepreneurship and industry, have been widely acknowledged.

The visit also spotlighted India’s skill development programs for Nigerians, delivered through the Indian Technical and Economic Cooperation (ITEC) initiative. This includes entrepreneurial training conducted locally and in India. As the Indian High Commissioner to Nigeria highlighted, these programs are equipping Nigerians with essential skills to drive local innovation and economic growth.

Strategic implications

Prime Minister Modi’s visit underscores a strategic pivot toward Africa as a key partner in India’s global ambitions. For Nigeria, the visit represents an opportunity to leverage India’s technological expertise and economic resources to bolster development in critical sectors.

As both nations continue to build on their historic ties, the outcomes of this visit are expected to shape a more robust partnership, paving the way for increased trade, enhanced security cooperation, and deeper cultural and educational exchanges. This marks a significant step forward in a relationship that continues to evolve, reflecting the broader dynamics of South-South cooperation.

Share