Nigeria Targets $27bn Trade with India by 2027

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

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 promoting trade and investment, particularly in sectors like agri-tech, health-tech, and renewable energy. Muhammad emphasized the need for stronger partnerships in healthcare, urging Indian investors to establish medical facilities in Nigeria to reduce medical tourism.

The Nigerian High Commission plans to collaborate with NiDCOM, EFCC, and NIPC to enhance information sharing and service delivery.