Nigeria-India Trade Surges to $9 Billion in 2025-26

Bilateral trade between Nigeria and India rose by approximately 26% to $9 billion in the 2025-26 financial year, up from $7.13 billion in the previous year, according to Abishek Singh, the Indian High Commissioner to Nigeria. Singh made this announcement during a media briefing in Abuja.

He noted that more than 200 Indian companies operating in Nigeria have created close to 100,000 jobs for Nigerians, making them the second-largest employers after the Federal Government. The trade growth reflects an expanding strategic partnership that now includes sectors such as investment, security, technology, agriculture, healthcare, and energy.

Singh emphasized the historical ties between the two nations and highlighted significant political engagements, including President Bola Tinubu's visit to India in September 2023 and Indian Prime Minister Narendra Modi's state visit to Nigeria in November 2024. Modi's visit was described as historic, marking extensive discussions on various sectors.

India has also extended concessional lines of credit worth $395 million to Nigeria.