PM Modi's Visit To Nigeria from Vajirao & Reddy Institute

PM MODI’S VISIT TO NIGERIA

• First Visit in 17 Years: Prime Minister Narendra Modi’s visit to Nigeria is the first visit by an Indian Prime Minister in 17 years.
• This shows the importance of renewing and enhancing India-Nigeria ties, given Nigeria's status as Africa’s largest democracy and economy.

• India-Nigeria Strategic Partnership: The discussions between PM Modi and President Bola Ahmed Tinubu focused on strengthening the India-Nigeria Strategic Partnership, which is critical for addressing global and regional challenges in various sectors:
  • Defense and Security: The leaders addressed security issues, particularly counter-terrorism, maritime piracy, and separatism.
  • Nigeria faces significant challenges in the Gulf of Guinea, where piracy has been a major concern. Both sides agreed to enhance defense and security cooperation.
  • Technology and Innovation: India offered assistance for Nigeria’s digital transformation, particularly in Information and Communication Technology (ICT).
  • Health and Education: India expressed willingness to support Nigeria in healthcare, including medicine supply and capacity-building for Nigerian healthcare professionals.
  • Both sides also agreed to facilitate student exchanges and academic collaborations.
• Memoranda of Understanding (MoUs): After their discussions, PM Modi and President Tinubu signed three MoUs:
  • Cultural Exchange: To promote mutual understanding and strengthen people-to-people ties.
  • Cooperation in Customs: To streamline customs procedures, making trade more efficient between the two countries.
  • Survey Cooperation: To improve cooperation in surveying and geographical data, assisting in infrastructure development and planning.
• Humanitarian Aid: In light of the severe flooding in Nigeria, PM Modi announced that India would send 20 tons of humanitarian aid to assist with flood relief efforts.
• PM Modi also expressed condolences for the loss of life and devastation caused by the floods, underscoring India's solidarity with Nigeria.

• Bilateral Trade: In 2022, the trade between India and Nigeria amounted to USD 15 billion.
• India’s key exports to Nigeria include pharmaceuticals, automobiles, machinery, and chemicals, while Nigeria exports oil and gas products to India.
• Energy Cooperation: Nigeria, as Africa’s largest oil producer, and India, with its substantial energy needs, are natural partners for energy cooperation.
• India has shown interest in investing in Nigeria’s oil and gas sectors and has been a key partner in oil exploration in the country.
• Investment Opportunities: India is exploring investment opportunities in Nigeria, especially in sectors such as agriculture, manufacturing, and renewable energy. Indian companies are well-positioned to bring technology and investment to these sectors.

• ECOWAS: PM Modi acknowledged the important role of President Tinubu as Chair of the Economic Community of West African States (ECOWAS).
• He praised Nigeria’s contribution to regional stability and cooperation in West Africa.
• Climate Change and Green Initiatives: PM Modi invited Nigeria to join India’s climate action initiatives, such as the International Solar Alliance (ISA) and the International Big Cat Alliance, which focus on renewable energy and biodiversity conservation.
• G20 Summit: The leaders also discussed the significance of the African Union’s permanent membership in the G20, a key outcome of India’s 2023 G20 presidency. PM Modi emphasized the importance of empowering developing countries in global decision-making forums.

• Grand Commander of the Order of the Niger (GCON): In recognition of PM Modi’s efforts to strengthen bilateral relations, Nigeria conferred its highest national honor, the Grand Commander of the Order of the Niger (GCON), on PM Modi.
• This is the first time the honor has been awarded to a foreign leader since 1969.
• PM Modi dedicated this honor to the 140 crore people of India and the enduring friendship between the two countries.
• Indian Diaspora in Nigeria: PM Modi addressed the Indian community in Abuja, emphasizing the shared democratic values between India and Nigeria.
• The Indian diaspora in Nigeria, around 60,000 strong, plays a crucial role in strengthening bilateral ties and fostering people-to-people connections.

• Concessional Loans: India has extended a concessional loan worth USD 100 million to Nigeria, aimed at supporting key infrastructure and development projects.
• Capacity-Building: India has been providing training programs to Nigerian professionals to help build local capacities, contributing to Nigeria’s development in sectors such as healthcare, education, and technology.

• Voice of the Global South: PM Modi and President Tinubu discussed their shared vision to advocate for the Global South in international forums such as the United Nations and World Trade Organization (WTO). India’s leadership in promoting the concerns of developing nations, particularly through initiatives like the Voice of the Global South Summit, received strong support from Nigeria.
• Common Development Agenda: Both countries emphasized the need for sustainable development, poverty reduction, and climate change mitigation, with a focus on inclusive and equitable development for the Global South.