India now Nigeria’s biggest crude oil buyer

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India High Commissioner in Nigeria, Mr Mahesh Sachdev, on Wednesday,  said that the Indian government now leads the United States  in the purchase of crude oil from Nigeria.

He disclosed this during a courtesy call on Niger State Governor, Babangida Aliyu, at the government house in Minna. He said  recent statistics showed that India had been buying more of Nigeria’s crude than the United States government over the last three months.

Sachdev also said that bilateral trade between Nigeria and India had hit $10bn mark while India’s investment in the country was valued at $16.6bn.

The envoy said India would  continue to cooperate with Nigeria to improve her economy,  adding that India would assist Nigeria in  capacity building of workers in both the public and private sectors as one of the ways to revamp Nigeria’s economy.

“To reduce unemployment in Nigeria, the Indian government is now partnering with the Kano State Government for the establishment of a film city. We  will also collaborate with the Niger State Government to create health care facilities and improve agriculture as well as embark on vocational training of youths towards self employment,” Sachdev said .

Responding, Governor Aliyu commended India for being one of the few countries in the world that had kept faith in the policy of strengthening the civil service,  saying that the retention of the policy had helped the country to develop in all ramifications.

He therefore urged Nigeria to take a cue from India for the rapid economic development of the country,  adding that if peace prevailed in all parts of the country the economy would be revived.

 

Information from Punch was used in this report.

 

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