In a bid to bolster trade, investment, and bilateral relations, Nigeria and India have signed a cooperation agreement on renewable energy. The development was revealed during the Sixth Nigeria–India Joint Commission held in Abuja on Monday, where Nigeria’s Minister of Foreign Affairs, Ambassador Yusuf Tuggar, hosted India’s Minister of External Affairs, Ambassador Subrahmanyam Jaishankar.
The Joint Commission reviewed decisions from the previous session and discussed the entire spectrum of bilateral relations between the two countries, emphasizing the significance of expanding economic interaction. The newly signed Memorandum of Understanding (MoU) on Cooperation on Renewable Energy is expected to be a focal point for future discussions, particularly as India prepares to host the Seventh Edition of the joint commission.
Addressing a joint press conference after signing the MoU, Ambassador Tuggar expressed optimism about the growing strength of the relationship between Nigeria and India. He highlighted the fruitful deliberations on various sectors, including the economy, trade, consular matters, culture, and aviation.
Ambassador Tuggar mentioned that prior to the Joint Commission, Minister Jaishankar had visited Lagos, where he engaged with the India-Nigeria Business Forum and addressed the Nigerian Institute of International Affairs (NIIA) on India and the Global South. He stated, “You know that Nigeria and India have a lot in common; we are two largest democracies on the continent of Africa and Asia, we are the most populous, and we have a strong bond. Our relationship will continue to grow stronger.”
In response, Minister Jaishankar acknowledged Nigeria as a crucial business partner for India, emphasizing the long-standing and friendly relationship shared by the two nations. He highlighted the presence of approximately 130 Indian companies contributing significantly to Nigeria’s economic landscape and becoming major employers in the country.
Among the agreements signed, Jaishankar emphasized the one on solar energy, emphasizing cooperation for green and clean growth. Additionally, he noted the shared health challenges faced by both nations and discussed making medicines and health facilities more affordable and accessible. The minister anticipated forward-looking aspects in the relationship, incorporating new technologies and capabilities between the two countries.
