Nigerian Chamber of Commerce pushes for enhanced cooperation with India to boost two-way trade relations

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The Abuja Chamber of Commerce and Industry (ACCI) has reaffirmed its commitment to strengthening bilateral trade and deepening business collaboration between Nigeria and India.

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Prof. Adesoji Adesugba, First Deputy President of ACCI, stated this during a courtesy visit by an ACCI delegation to the Indian High Commission in Abuja.

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Adesugba, who is also the National Vice President (India) of the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), emphasised the need to establish a Nigeria–India Private Sector Dialogue to enhance engagement between Nigerian businesses and Indian companies operating in the country.

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“Our goal is to establish a structured platform where business stakeholders from both countries can regularly engage and promote stronger bilateral trade,” he said.

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He identified the textile sector as offering immediate opportunities for collaboration through sourcing, manufacturing partnerships and supply chain development.

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According to him, Nigeria also has vast potential in the gemstone sector, noting that partnerships with Indian investors could support gemstone development, processing and trade.

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Responding, the Indian High Commissioner to Nigeria, Mr Abhishek Singh, said India was observing encouraging signals in Nigeria, particularly in investment opportunities.

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Singh noted that several Nigerian businesses operating in India were performing well and expressed optimism about strengthening economic ties between the two countries.

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“There are strong opportunities for collaboration in sectors such as mining, agriculture, pharmaceuticals, solid minerals and textiles,” he said.

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The High Commissioner disclosed that two textile-related events were scheduled for 2026, including one in June, which could provide opportunities for Nigerian and Indian textile businesses to collaborate.

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