Muhammadu Buhari, Nigerian president, recently received Mohammad Hamid the Indian vice president at the state house. Hamid who is currently on a three day official visit is flanked by a twenty man business delegation who will meet their Nigerian counterpart, organized private sector.
The vice president intends strengthening the strategic partnership between both countries and prospect new avenues. Bilateral trade has been put at $12.17 billion in 2015 and 2016 as against $16.36 billion in 2014-15.
A notable outcome of the delegation’s visit is a proposed $5 billion investment in the Nigerian economy, which has been welcomed by Muhammadu Buhari. Presently, $10 billion has already been staked.
Buhari on Tuesday expressed a commitment to expand Nigeria’s relationship with India in the areas of health, education, agriculture, technology and trade. Commending India on its agricultural model which feeds it 1 billion population and export earnings, he described the county as sustainable, prosperous and worthy of emulation.
With India being the leading buyer of Nigeria’s crude oil, Mohammad Hamid pledged to increase its purchase of the commodity in addition to natural gas. Speaking on the bilateral relationship, he said both countries ‘‘have nothing to quarrel about’’.
In the course of the visit, Hamid will be received by Akinwumi Ambode, Lagos state governor and deliver a speech at the University of Lagos.
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