India Nigeria Economic Relations

Abstract: India and Nigeria are relatively big economies in Asia and Africa respectively. India’s quest for energy due to its industrialization nature make it sine qua non to collaborate with many African countries including Nigeria in order to meet her risen energy demands. This paper tries to identify a new economic vying scramble for Africa between the two largest Asia’s economies: India and China over the resources lurks around every corner of the continent. Nigeria with its vast petroleum reserves and other natural resources favours India’s partnership in order to boost its economy. This paper mainly focuses on Indo-Nigeria bilateral economic ties, considering the strategic important of the both countries. Nigeria is ranked the twelfth world largest oil producing country drives. This remains a driven factor leading India’s engagement with Nigeria in the energy and hydrocarbon sector. India and Nigeria emerge to be the key element where political, diplomatic and cultural relations revolved around. Equally, it emerges that so many analyses revealed that global credit crunch and Arab spring crises challenged the energy capacity building efforts and consequent integration of India and Nigeria. The paper therefore concludes that Nigeria enjoys India’s large trade and health sectors and thus remains the India’s biggest trade partner in Africa. This paper brings about a general view of Indo-Nigeria economic relations, specifically on the issue of energy, which concretely knotted the two sovereign states through various co-operations and building capacity measures. It would nevertheless, look into diplomatic ties as well as political background of the two commonwealth nations

Keywords: Economy, energy, India, Nigeria, diplomacy, relations, history

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