India-Nigeria trade hits $9bn as firms deepen local production

By Yinka Kolawole
India-Nigeria bilateral trade rose by 26 per cent to about $9 billion in 2025–26, from $7.13 billion recorded in 2024–25, as economic ties between both countries deepen beyond oil and commodities into manufacturing, healthcare, energy, technology and job creation.
The Indian High Commissioner to Nigeria, Abishek Singh, disclosed that more than 200 Indian companies currently operate in Nigeria and have created nearly 100,000 jobs, making Indian businesses the second-largest employers of Nigerians after the Federal Government.
The expanding corporate presence also signals a shift from an export-driven relationship towards local production. Indian companies are increa...