Nigeria Targets $27bn Trade with India by 2027

Nigeria is targeting a rebound in bilateral trade with India to approximately $27 billion by 2027, as stated by the High Commissioner to India, Ambassador Saidu Dahiru Muhammad. This announcement was made during an interactive session in New Delhi, coinciding with the 2026 BRICS Summit.

Muhammad reported that trade between Nigeria and India was about $27 billion in 2022-23 but fell to around $14.95 billion in 2024-25 due to factors such as the lack of a substantive Nigerian head of mission in India, global economic uncertainties, and geopolitical tensions. Currently, trade figures are recovering, estimated between $8.7 billion and $8.9 billion.

The Nigerian mission is focusing on trade and investment promotion, encouraging Nigerian businesses to explore opportunities in India's technology sectors, including agri-tech, health-tech, and renewable energy. Muhammad also emphasized the need for stronger partnerships in healthcare and plans to collaborate with various Nigerian agencies to enhance service delivery and engage the Nigerian diaspora in India.