Nigeria India Business Council (NIBC) in association with Confederation of Indian Industry (CII) and under the guidance of High Commissioner of Nigeria in India, H.E. Ahmed Sule has organized Nigeria India Presidential Roundtable & Conference on Wednesday i.e. 6th September 2023 at Hotel Le Meridien, New Delhi. H.E. Chief Mr. Bola Ahmed Tinubu GCFR, President of the Federal Republic of Nigeria has honoured this conference as Chief Guest.
Considering the important aspect that Nigeria, being the biggest economy and the most populated country in the African continent, offers numerous business opportunities across various sectors, making it an attractive country for businesses. India and Nigeria have established a strong business relationship characterized by growing trade, investments, and collaboration across various sectors. India is the largest trading partner of Nigeria and Nigeria is India’s largest trading partner in Africa. It is informally estimated that there is around US$ 19.3 billion of investment by Indian companies in the country and is home to a large Indian community numbering around 50,000. Over 135 Indian companies are currently operating in Nigeria, with Indian owned/operated companies estimated to be the second largest employer.
This Conference has deliberated on the different opportunity sectors between India and Nigeria such as Agro-processing, Packaged food and beverages, Pharmaceuticals, Automotive, Chemicals, Petrochemicals, Engineering, capital Goods, Apparel, Leather & Textiles, and Pulp & Paper. The Summit has brought together government officials, industry experts, thought leaders, enterprises, and academicians to deliberate and share their insights on critical issues.
The Forum was attended by Heads of Government, Ministers, and leading business leaders from Nigeria and India. Invitations will be extended to Heads of Government and a targeted list of Indian and Nigerian leading businesses, institutions, and investment funds that can make a real impact on the debate.
This conclave has provided a key platform for local and foreign investors to engage in cross-border investments. This was followed by off-site and on-site meetups with various entities to ensure stronger collaboration opportunities. At the Nigeria India Business conclave, it has welcomed over150 investors and influential figures such as local and foreign investors and entrepreneurs, fund managers, Chairmen and CEOs, owners of enterprises, representatives of global trade associations, international development agencies, and high-level Government officials from Federal Republic of India and Nigeria.
