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India - Nigeria Business and Cultural Council

Nigeria, located in West Africa, is the most populous African country. Its capital is Abuja, and Lagos is its largest city. Nigeria is rich in oil resources, has diverse cultures, and a rapidly growing economy.

Ambassador and Consul General

The H.E. Mr. Ahmed Sule High Commissioner Nigeria High Commission Embassy of Nigeria accepted the Honorary Membership of Global India Business Forum. Our Global President of GIBF, Dr. Jitendra Joshi and Co-Founder & Director - Global Operations, Deepali Gadkari visited the embassy for Mutual Business Association between India & Nigeria.

embassy-of-nigeria-ambassador-and-consul-general

Crude Petroleum, Petroleum Gas, Nitrogenous Fertilizers, Refined Petroleum, Gold.

Refined Petroleum, Wheat, Cars, Broadcasting Equipment,Vaccines, Blood, Antisera, Toxins and Cultures.

About Nigeria

ABOUT Nigeria

Nigeria, also called officially as the Federal Republic of Nigeria, is a country located in West Africa and the country shares its borders with Niger, Chad, Cameroon and Benin. Nigeria is a federal republic consisting of 36 states and its capital Abuja is located in the Federal Capital Territory. Nigeria gained independence from the British rule on October 1, 1960. The country has a wide variety of cultures with more than 250 ethnic groups residing and over 500 distinct languages being spoken within the country. The three largest ethnic groups of the country are the Hausa – Fulani, Yoruba and Igbo groups. These ethnic groups make up for over 60% of the total Nigerian population. The official language of Nigeria is English with the southern part of Nigeria practicing Christianity and the northern part of Nigeria practicing Islam. The country ensures that there is freedom among people to practice their faiths.

Business Opportunities in Nigeria

BUSINESS OPPORTUNITIES IN Nigeria

Nigeria has been identified as a mixed economy emerging market and has an abundant supply of natural resources and also has a fully developed financial, legal, communications and transport sectors along with its own stock exchange the Nigerian Stock Exchange. Oil is one of the most important exports of natural resources of the country to other countries like the USA and this can create a lot of business opportunities for the countries who are interested in dealing in petroleum and its byproducts. The country can also generate a lot of business opportunities through its abundant deposits of other natural resources like natural gas, iron, columbite, etc.

Exports and Imports In Nigeria

Overview In 2022, Nigeria was the number 30 economy in the world in terms of GDP (current US$), the number 51 in total exports, the number 53 in total imports, the number 146 economy in terms of GDP per capita (current US$) and the number 127 most complex economy according to the Economic Complexity Index (ECI).

Top Exports of Nigeria

The top exports of Nigeria are Crude Petroleum ($52.1B), Petroleum Gas ($9.04B), Nitrogenous Fertilizers ($2B), Refined Petroleum ($1.04B), and Gold ($806M), exporting mostly to Spain ($9.41B), India ($8.2B), France ($4.95B), United States of America ($4.83B), and Netherlands ($4.23B).

Top Imports of Nigeria

The top imports of Nigeria are Refined Petroleum ($20.7B), Wheat ($3.03B), Cars ($1.24B), Broadcasting Equipment ($852M), and Vaccines, blood, antisera, toxins and cultures ($845M), importing mostly from China ($21.4B), Belgium ($7.72B), Netherlands ($6.47B), India ($5.43B), and United States of America ($3.24B).