India and Nigeria trade reaches $9 billion
Trade between Nigeria and India rose about 26 percent to roughly $9 billion in the 2025-26 financial year, driven by expanding Indian investment beyond oil into manufacturing, pharmaceuticals, healthcare, energy, construction and technology. More than 200 Indian companies operate in Nigeria, creating close to 100,000 jobs and becoming the second-largest private employer after the federal government. Indian pharmaceutical exports to Nigeria reached $315 million in 2024-25, and Indian investment in local pharmaceutical manufacturing is estimated at about $4 billion. The shift toward local production and concessional technical cooperation positions Nigeria to access Indian capital, technology and expertise while promoting diversification.
Bilateral trade rose 26 percent to about $9 billion.
Context
Trade increased after growing Indian investment in Nigeria. India has exported medicines and is building local factories. This could lead to more local production and jobs.
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