360° Coverage : Indian expo in Nigeria hopes to boost bilateral trade

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Indian expo in Nigeria hopes to boost bilateral trade

Dec 25 2013, 4:10am CST | by

Abuja, Dec 25 (IANS) A three-day expo of Indian products and services in neighbouring Nigeria next month hopes to return bilateral trade to its peak of $17.3 billion, from which it has marginally declined, the Indian High Commission here says.

Abuja, Dec 25 — A three-day expo of Indian products and services in neighbouring Nigeria next month hopes to return bilateral trade to its peak of $17.3 billion, from which it has marginally...

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38 weeks ago

Indian expo in Nigeria hopes to boost bilateral trade

Dec 25 2013, 4:10am CST | by

Abuja, Dec 25 (IANS) A three-day expo of Indian products and services in neighbouring Nigeria next month hopes to return bilateral trade to its peak of $17.3 billion, from which it has marginally declined, the Indian High Commission here says.

Abuja, Dec 25 — A three-day expo of Indian products and services in neighbouring Nigeria next month hopes to return bilateral trade to its peak of $17.3 billion, from which it has marginally declined, the Indian High Commission here says.

"IPASE-4 (Indian Products and Services Exhibition-4) is part of the High Commission's ongoing efforts to promote visibility of Indian products and srvices in Nigeria and encourage the concerned Nigerian stakeholders, mostly SMEs," it said in a statement announcing the January 16-18, 2014 event.

"Bilateral trade turnover was over $ 17.3 billion in 2011-12 registering a growth of over 34 per cent. During 2012-13, our exports further grew by 1.33 percent even though the bilateral trade slightly declined to $ 16.8 billion," the statement said, adding that the figure stood at $16.6 for 2013-14.

"About 25 local businesses engaged in Indian products and services in Nigeria will be displaying them at IPASE-4," the statement said. On view would be, among others, automobiles, fans, pumps, pharmaceuticals, herbal medicines, healthcare products, natural gas-based power generation equipment, electrical equipment and machinery, toiletries and cosmetics, imitation jewelry, shoes and fabrics.

The services sector would showcase telecom, insurance, IT training and software solutions, tele-medicine networking, healthcare and security solutions, as well as Indian food.

"India is currently Nigeria's second largest trading partner. With a population of 168 million and considerable revenue from oil exports, Nigeria is the largest trading partner of India in Africa," the high commission said

Nigeria is also the largest market in Africa for Indian exports, with a large number of Indian companies establishing a footprint in the country that have made substantial investments.

"In recent years, Nigeria has been one of the main sources of crude for India. Nigeria is highly important for our energy security as we import around 8 percent to 12 percent of our crude requirements from Nigeria," the high commission said.

Apart from trade in hydrocarbons, Indian presence has arrived at a critical threshold of participation in Nigeria's upstream sector and refining, it added.

IANS

Source: IANS

 
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Sep 18 2014 2:28pm CDT | Source: AllAfrica.com

[Vanguard]Lagos, Nigeria -The Nigeria Police Force has faulted the report of Amnesty International, saying that torture is prohibited. In a statement by Force Public Relations Officer, Ag.CP Emmanuel Ojukwu, it stated that there is a zero tolerance for corruption and abuse of power, stressing th ...
Source: AllAfrica.com   Full article at: AllAfrica.com
 

 
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Sep 18 2014 1:20pm CDT | Source: AllAfrica.com

[Premium Times]The founder of The Synagogue Church of all Nations, Temitope Joshua,popularly known as T.B. Joshua, has described the victims of last Friday's building collapse in the churc ...
Source: AllAfrica.com   Full article at: AllAfrica.com
 

 
Update
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Amnesty urges Nigeria to criminalise torture

Sep 18 2014 10:05am CDT | Source: Business Insider

Lagos (AFP) - Amnesty International on Thursday urged Nigeria's government to criminalise torture, as it published a new report documenting widespread abuses in the criminal justice system and military.The London-based rights group's report, "'Welcome to hell fire' -- Torture and Other Ill-treatment in Nigeria", catalogues the testimony of hundreds of victims compiled over the last 10 years."This goes far beyond the appalling torture and killing ...
Source: Business Insider   Full article at: Business Insider
 

 
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8

1 day ago

Nigeria has 'torture officers'

Sep 18 2014 6:31am CDT | Source: BBC News

Torture has become such an integral part of policing in Nigeria that many stations have an informal torture officer, Amn ...
Source: BBC News   Full article at: BBC News
 

 
Update
7

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Nigeria: TB Joshua One of Africa's Wealthiest Pastors

Sep 18 2014 3:33am CDT | Source: AllAfrica.com

[SAPA]Johannesburg -"Prophet" TB Joshua was named the third richest pastor in Nigeria with an estimated net worth of between US10 and US15 million (about R110m to R165 ...
Source: AllAfrica.com   Full article at: AllAfrica.com
 

 
Update
5

1 day ago

SA sends team to Nigeria to assist TB Joshua guest house accident victims

Sep 17 2014 11:43pm CDT | Source: Business Day

Experts dispatched to evaluate needs of South African citizens who may have been involved in collapse of the Synagogue Church ...
Source: Business Day   Full article at: Business Day
 

 
Update
4

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Nigeria: Shooting, Blast At College in Kano - Witnesses

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[Vanguard]Gunshots and an explosion hit a college in the north Nigerian city of Kano on Wednesday and multiple casualties were feared, witnesses said. ...
Source: AllAfrica.com   Full article at: AllAfrica.com
 

 
Update
3

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Nigeria: Blast Rocks Kano College

Sep 17 2014 1:58pm CDT | Source: AllAfrica.com

[Premium Times]A series of explosions have rocked a Federal College of Education in Kano killing many and injuring othe ...
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Update
2

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Cameroon: Cameroon Border Towns No Safe Haven for Nigerian Refugees

Sep 17 2014 1:28pm CDT | Source: AllAfrica.com

[IRIN]Maroua (cameroon) -Nigerians fleeing Boko Haram violence at home and seeking refuge in Cameroon border ...
Source: AllAfrica.com   Full article at: AllAfrica.com
 

 
Update
1

2 days ago

Nigeria's Kano College Stormed by Alleged Boko Haram Gunmen

Sep 17 2014 11:21am CDT | Source: IBTimes UK

Federal College of Education in Nigeria's second largest city targeted with gunshots ...
Source: IBTimes UK   Full article at: IBTimes UK
 

 

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The Indo-Asian News Service (IANS) was established in 1986, initially to serve as an information bridge between India and its thriving diaspora in North America. Today it is a full-fledged, 24 by 7 agencies putting out the real-time news from India, South Asia and news of interest to this region around the world.

 

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