‘Coop in infra, energy sectors to benefit India, Nigeria’
India has identified infrastructure development and energy security as the key areas for cooperation with Nigeria and said these sectors would allow both the countries to collaborate and benefit from each other’s expertise.
“Infrastructure stimulation programmes launched by India, like the mission to develop 100 smart cities, upgrade infrastructure development in urban and rural areas and enhance nationwide connectivity through the ‘Digital India’ programme, have created massive opportunities for foreign partners in the Indian economy,” Vice-President Hamid Ansari said at the Nigeria-India Business Forum.
“Infrastructure development and energy security are key areas for cooperation for emerging economies like India and Nigeria,” he said.
He said given India’s current and expanding energy requirements, there is a significant potential for “diversifying our engagement in oil and gas sector by enhancing our cooperation in both upstream and downstream domains”.
Nigeria is an important partner for India’s energy security requirement. About 12 per cent of India’s crude requirement comes from Nigeria. “Over 100 Indian companies have made Nigeria their base to operate in West Africa, employing the largest number of Nigerians after the federal government, and covering diverse sectors of the economy,” he said.