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The Republic of India and the Federal Republic of Nigeria have built strategic and commercial ties. Both are members of the Commonwealth of Nations and the Non-Aligned Movement. India has a High Commission in Abuja and a Consulate in Lagos, and Nigeria has a High Commission in New Delhi. Indian business firms have invested estimated $15 billion in Nigeria. India is Nigeria's leading investor, with a investment base of about $20 billion. [1] The figures on the amount of Nigeria's investment in India if any are not known.
India's relations with Africa date back to 30 BCE when there was trade between Egypt (under Roman Emperor Augustus) and India. Up to 120 Roman ships set sail each year from Myos Hormos (Al-Qusayr) in Roman Egypt to India. [2] In the same period, Indian dhows frequented East African shores selling Indian handloom products, spices and other goods. Archaeological evidence recently found in Egypt shows that Indian merchants that traded with the Mediterranean region were inhabitants of the Coromandel Coast of India. That exhibits the extent of India-Africa relations at that time. [2]
India gained independence in 1947; Nigeria followed and gained independence in 1960. India strongly supported independence of African countries from colonial rule and established its diplomatic mission in 1958 – two years before Nigeria officially gained independence from British rule. [3] [4] [5] Soon after Nigerian independence, the Indian government got involved in helping establish a military and several other projects in Nigeria. India aided Nigeria in building military establishments like the Nigerian Defence Academy (NDA) at Kaduna and the Naval College at Port Harcourt, along with other military training facilities. A recent president of Nigeria, Muhammadu Buhari, attended the Defence Services Staff College in the 1970s. Other Nigerian presidents who attended the same college are Presidents Olusegun Obasanjo (1965) and Ibrahim Babangida (1964).Since 1964, India has been supporting Nigeria’s efforts in capacity building under Indian Technical and Economic Cooperation (ITEC) Programme. India offers about 250 civilian and 250 defence training slots under ITEC/e-ITEC to Nigeria. Upon Nigeria gaining independence, Indian businesses set up shop in Nigeria.
Both nations possess diverse natural and economic resources and are the largest economies in their respective regions. [6] Currently, India's concessional line of credit to Africa is almost $9 billion, with present projects taking up $7.4 billion. [7] India- Nigeria trade in 2018-19 amounted to US$13.89 billion. [8] Despite the ever present threat of Nigerian 'Boko Haram' terrorists organisation and 'Black Axe mafia', Indian firms are the second biggest employers in Nigeria after the Nigerian Federal Government. [9] More than 135 Indian firms operate in Nigeria. Indian firms in Nigeria are in greatly diverse fields e.g. pharmaceuticals, engineering goods, electrical machinery and equipment, plastics, chemicals, etc. Some of the major companies include Bharti Airtel, Tata, Bajaj Auto, Birla Group, Kirloskar, Mahindra, Ashok Leyland, Skipper, Godrej, Simba Group, NIIT, Aptech, New India Assurance, Bhushan Steel, KEC, Dabur, etc. Indian investment in Nigeria amounts to US$15 billion and rising according to the Indian High Commission in Abuja. [10] Indian exports to Nigeria during the period 2018-19 were US$3 billion and India's imports from Nigeria during same period 2018-19 were worth US$10.88 billion. Nigeria was the fifth biggest seller of crude oil and third biggest seller of LNG after Qatar and UAE in year 2020 to India.In year 2020-2021 USA stood second after Iraq as the biggest seller of crude oil to India. Indian exports to Nigeria are Pharmaceuticals, automobiles, cars, iron and steel, rice, plastics, clothes and fabrics, engineering equipment, and power sector components such as transformers, insulators and circuit breaker etc. India is Nigeria's biggest trading partner in Africa, with trade volume of about $16.35 billion in year 2019-2020. India is Nigeria's leading investor, with a investment base of about $20 billion. [11] India is the fifth largest investor in Africa with cumulative investment of USD 70.7 billion. [12] India is also the third largest trading partner of Africa after China and USA. India accounts for 6.4% of total African trade. [13] Nigerian President Tinubu visited New Delhi in September 2023. During his visit Indian investors pledged another investment amounting to nearly $14 billion into the Nigerian economy. In Africa Nigeria is the third biggest trading partner of India in year 2024 after South Africa and Tanzania. Figures on the type and fields of Nigeria's investments into the Indian economy are unknown
India is the third largest oil consumer after USA and China and India is the second biggest importer of oil. India uses 5.5 million barrels of oil per day. [14] India buys crude oil from Saudi Arabia, Iraq, Iran, Kuwait, Kazakhstan, Russia, [15] [16] [17] and UAE with significantly reduced amount from Nigeria in 2021.[ citation needed ] In 2020-2021, USA took second place in India's oil imports with Iraq topping the list again. Since year 2018 India buys cheaper Basra Oil from Iraq and the crude oil purchased from West Africa including from Nigeria rank fifth in India's crude oil purchases annually. [18] Russia was the biggest crude supplier to India in 2023, accounting for more than 30% of its oil imports
India, officially the Republic of India, has full diplomatic relations with 201 states, including Palestine, the Holy See, and Niue. The Ministry of External Affairs (MEA) is the government agency responsible for the conduct of foreign relations of India. With the world's third largest military expenditure, second largest armed force, fifth largest economy by GDP nominal rates and third largest economy in terms of purchasing power parity, India is a prominent regional power and a potential superpower.
The economy of Nigeria is a middle-income, mixed economy and emerging market with expanding manufacturing, financial, service, communications, technology, and entertainment sectors. It is ranked as the 53rd-largest economy in the world in terms of nominal GDP, the fourth largest in Africa and the 27th-largest in terms of purchasing power parity.
China Petroleum and Chemical Corporation, or Sinopec, is a Chinese oil and gas enterprise based in Beijing. It is listed in Hong Kong and also trades in Shanghai.
In its economic relations, Japan is both a major trading nation and one of the largest international investors in the world. In many respects, international trade is the lifeblood of Japan's economy. Imports and exports totaling the equivalent of nearly US$1.309.2 Trillion in 2017, which meant that Japan was the world's fourth largest trading nation after China, the United States and Germany. Trade was once the primary form of Japan's international economic relationships, but in the 1980s its rapidly rising foreign investments added a new and increasingly important dimension, broadening the horizons of Japanese businesses and giving Japan new world prominence.
India–Iran relations are the bilateral relationship between the Republic of India and the Islamic Republic of Iran. Independent India and Iran established diplomatic relations on 15 March 1950. However, ties between both ancient Persia and ancient India date back millennia. During much of the Cold War, relations between India and the erstwhile Imperial State of Iran suffered due to their differing political interests: India endorsed a non-aligned position but fostered strong links with the Soviet Union, while Iran was an open member of the Western Bloc and enjoyed close ties with the United States. While India did not welcome the 1979 Islamic Revolution, relations between the two states strengthened momentarily in its aftermath. However, Iran's continued support for Pakistan in the India–Pakistan conflict and India's close relations with Iraq during the Iran–Iraq War greatly strained bilateral ties. In the 1990s, both India and Iran supported the Northern Alliance against the Taliban in Afghanistan, the latter of which received overt Pakistani backing and ruled most of the country until the 2001 United States-led invasion. They continued to collaborate in supporting the broad-based anti-Taliban government, led by Ashraf Ghani and backed by the international community, until the Taliban captured Kabul in 2021 and re-established the Islamic Emirate of Afghanistan. India and Iran signed a defence cooperation agreement in December 2002.
India has enjoyed close bilateral ties with the Russian Federation, formerly the USSR, since the independence of India in 1947. During the Cold War, India and the USSR formed a strong and strategic relationship; this diplomatic unity was further strengthened with both nations’ shared military ideals, as well as their overall economic policies. After the dissolution of the Soviet Union, Russia kept the same close ties to India; in international terms, both nations share a special relationship. Russia and India, both, consider their mutual affinity to be a "special and privileged strategic partnership". Their governments support the creation of a multipolar world order in which both nations are "poles".
India–Saudi Arabia relations, also referred to as Indian-Saudi relations or Indo-Saudi relations, are the bilateral relations between the Republic of India and the Kingdom of Saudi Arabia. Relations between the two nations are generally strong and close, especially in commercial interests. Indo-Saudi bilateral trade reached US$27.48 billion in the financial year 2017–18, up from US$25.1 billion in the preceding year. Saudi Arabia's exports to India stood at US$22.06 billion whereas India's exports were US$5.41 billion.
The bilateral relations between the Federal Republic of Nigeria and People's Republic of China were formally established on February 10, 1971 - a decade after Nigeria gained its independence from the British Empire. Relations between Nigeria and China have expanded on growing bilateral trade and strategic cooperation. China is also one of Nigeria's important trading and export partners.
note: map of india in the given picture is wrong.
African Export–Import Bank, also referred to as Afreximbank or Banque Africaine d’Import-Export, is a pan-African supranational multilateral financial institution created in 1993 under the auspices of the African Development Bank. It was officially launched at the first general meeting of the shareholders in Abuja, Nigeria, in October 1993. It is headquartered in Cairo, Egypt. Afreximbank is a financial provider to African governments and private businesses in support of inter-African and Caribbean trade.
Egypt–India relations are bilateral relations between Egypt and India. Modern Egypt–India relations go back to the contacts between Saad Zaghloul and Mahatma Gandhi on the common goals of their respective movements of independence. In 1955, Egypt under Gamal Abdel Nasser and India under Jawaharlal Nehru became the founders of the Non-Aligned Movement. During the 1956 War, Nehru stood supporting Egypt to the point of threatening to withdraw his country from the British Commonwealth. In 1967, following the Six-Day War, India supported Egypt and the Arabs. In 1977, New Delhi described the visit of President Anwar al-Sadat to Jerusalem as a "brave" move and considered the peace treaty between Egypt and Israel a primary step on the path of a just settlement of the Middle East problem. Major Egyptian exports to India include raw cotton, raw and manufactured fertilizers, oil and oil products, organic and non-organic chemicals, leather and iron products. Major imports into Egypt from India are cotton yarn, sesame, coffee, herbs, tobacco and lentils. The Egyptian Ministry of Petroleum is also currently negotiating the establishment of a natural gas-operated fertilizer plant with another Indian company. In 2004 the Gas Authority of India Limited, bought 15% of Egypt Nat Gas distribution and marketing company.
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India–Uganda relations are bilateral relations between the Republic of India and the Republic of Uganda. India and Uganda established diplomatic relations in 1965 and each maintain a High Commission in the other's capital. The Indian High Commission in Kampala has concurrent accreditation to Burundi. Uganda hosts a large Indian community and India–Uganda relations cover a broad range of sectors including political, economic, commercial, cultural and scientific cooperation.
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India–Kuwait relations are bilateral diplomatic relations between the Republic of India and the State of Kuwait. The two countries share friendly ties. Kuwait houses a large expatriate Indian population and is the source for 10–12% of India's oil imports while India is among the largest trade partners of Kuwait.
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India–Venezuela relations are the international relations that exist between the Republic of India and the Bolivarian Republic of Venezuela.
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