Nigeria and India sign MoU on Trade & Investment

By September 29, 2016 Investment News
MINISTER OF STATE FOR INDUSTRY, TRADE AND INVESTMENT, HAJIA AISHA ABUBAKAR (2ND, R) AND INDIAN MINISTER OF STATE FOR FINANCE, GANGARAM MEGHWAL, SIGN A MEMORANDUM OF UNDERSTANDING ON BEHALF OF THEIR COUNTRIES DURING A BILATERAL TALK BETWEEN NIGERIA AND INDIA AT THE PRESIDENTIAL VILLA IN ABUJA ON TUESDAY(27/9/16).
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The Federal Government and India on Tuesday signed a Memorandum of Understanding (MoU) to deepen trade and investments and exchanged letters of intent on bilateral relations.

The event, which took place at the Presidential Villa, Abuja, during a bilateral meeting, was witnessed by Vice President Yemi Osinbajo and his Indian counterpart, Mohammad Hamid Ansari.

Osinbajo in a remark called for urgent establishment of a joint technical commission to facilitate the partnership between Nigeria and India.

He recalled that ties between Nigeria and India over the years had been very stable and called for strengthening of the relationships in regional and international affairs.

According to him, Nigeria looks up to India in various ways as it has shown leadership in technology, agriculture and information technology.

He described the meeting with the Indian delegation as very useful and expressed the hope that both countries would derive mutual benefits from the MoU.

Earlier, Ansari had said he was impressed by Nigeria’s vision for bilateral relationship, feeling for India and its expectations for the partnership.

According to the Indian VP, the friendship and faith of both countries is a source of great pride and strength for the partnership.

He said that “listening to you has strengthened my conviction that our partnership is natural because our destinies are so inter-linked and our aspirations and challenges are similar.

“I am confident that our deliberation today will make our partnership more effective.”

Source: https://www.bellanaija.com/2016/09/nigeria-and-india-sign-mou-on-trade-investment/