Abuja/New Delhi, Nov 17 (UNI) The Indian investment in the Nigerian pharma and healthcare sector is worth $4 billion, which includes an eye hospital in Abuja and Lagos, even as an Indian-run 300-bed hospital is set to come up in Abuja, a top official said, as PM Modi is visiting Abuja.
Dammu Ravi, Secretary ER in the MEA, briefing the media on the PM’s talks with President Bola Tinubu, said there are over 200 Indian companies in Nigeria with an investment of over $27 billion.
The new 300-bed hospital will have expat doctors and tech from India, said Ravi, adding that the Indian healthcare sector will be expanding in Nigeria. “There is a lot of activity in healthcare,” he added.
He said some of the local solutions that India has brought about can be taken forward in Nigeria, especially in the digital space, energy space. “There is significant space for both countries to come forward,” he added.
There is space for collaboration between the two sides in agriculture, food security, seed supplies, mechanisation, R&D, storage and distribution, lentils. “We will build on these ideas at the expert level, and provide opportunity for Indian entrepreneurs to come forward,” he said.
The two sides talked about climate resistant seeds, mining, of MSMEs, skill development, entrepreneurial development, Ravi added.
In the field of energy cooperation, there is good concentration on oil and gas, he said, adding that some Indian companies are working on CNG, and setting up CNG kits for use in cars and vehicles.
In the field of defence, there is ongoing cooperation and lot of capacity building in ITEC, and purchase of equipment, he added.
According to a Nigerian statement, Nigeria and India reaffirmed their commitment to a robust strategic partnership, pledging to strengthen ties in key areas including economic development, defence, healthcare and food security.
This is contained in a joint statement issued on Sunday in Abuja at the conclusion of Prime Minister Narendra Modi’s state visit to Nigeria at the invitation of President Bola Tinubu.
During their bilateral discussion, the two leaders agreed to a greater collaboration in counterterrorism, maritime security, and intelligence sharing.
With growing threats in the Gulf of Guinea and the Indian Ocean, they also agreed to coordinated actions to safeguard maritime trade routes and combat piracy.
The two countries pledged to continue regular naval exercises and joint anti-piracy operations in the Gulf of Guinea to safeguard critical maritime routes.
”The leaders reiterated their unequivocal condemnation of terrorism in all its forms and manifestations including the cross-border movement of terrorists and terror financing networks and safe havens.
”They called for zero tolerance to terrorism and expeditious finalization and adoption of the Comprehensive Convention on International terrorism in the UN Framework as well as implementation of the UNGA and the UNSC resolutions on countering terrorism and violent extremism.
”It was agreed to enhance cooperation in the area of counter-terrorism,” the joint statement said.
Prime Minister Modi reiterated India’s readiness to support Nigeria’s defence modernisation efforts, highlighting India’s emergence as a trusted defence manufacturer.
The two leaders also highlighted the vibrant economic relationship between India and Nigeria, with India positioned as Nigeria’s largest trading partner and a significant contributor to its economy.
Nigeria commended the contributions of over 200 Indian companies operating in the country, which have generated substantial employment and investment opportunities.
On bilateral trade expansion, both leaders directed their officials to finalise pending agreements, including the Economic Cooperation Agreement (ECA), Double Taxation Avoidance Agreement (DTAA), and the Bilateral Investment Treaty (BIT), to boost trade and investment.
They noted with satisfaction ”the fruitification of some of the investments” agreed to by the Indian companies during the visit of President Tinubu to India in September 2023 and committed to facilitating early finalization of the remaining investments.
On energy collaboration, Nigeria and India agreed on long-term contracts for crude oil and LNG supply and technical support in pipeline transmission security, CNG conversion and LPG bottling distribution.
The two leaders also discussed broader collaboration on food security and agriculture, health, education, and cultural exchanges.
”Nigeria thanked India for providing the necessary concessions sought for in the supply of rice at the time of their need.
”They agreed to enhance collaboration in the area of agriculture from agricultural machinery, high yield seeds to sharing technical expertise, know-how and technologies and agreed to identify ways of cooperation in these areas.
”The Indian side thanked the Nigerian side for supporting the Indian Resolution at the UN to declare 2023 as the International Year of Millets and agreed to increase collaboration between India and Nigeria in the area of Millets, ” the joint statement said.
On healthcare sector, Nigeria and India pledged to deepen their collaboration focusing on the establishment of hospitals and diagnostic centers, as well as the deployment of innovative health management systems.
Both sides acknowledged the ongoing efforts by Indian hospitals operating in Nigeria and highlighted the vast potential for further collaboration to enhance healthcare delivery across the country.
The Indian government offered to share its CoWIN digital platform, an open-source health management infrastructure that has revolutionized vaccination campaigns and health data management in India.
The Indian government also extended its commitment to supply high-quality generic pharmaceutical products to Nigeria at economical rates under the Pradhan Mantri Bhartiya Janaushadhi Pariyojana (PMBJP) scheme- a campaign launched by India’s Department of Pharmaceuticals to provide quality medicines at affordable prices to the masses.
This initiative is aimed at making essential medicines more affordable, particularly for vulnerable populations, and supporting Nigerian public hospital procurement processes.
Nigeria and India reaffirmed their commitment to strengthening collaboration on education, cultural exchanges, and fostering strong people-to-people contacts, building on longstanding historical ties and mutual aspirations.
India was acknowledged as a significant partner in Nigeria’s human resource development through various scholarship programs, including the eVBAB scheme, which facilitates virtual learning opportunities.
Both sides agreed to work together to encourage more Nigerian students to leverage these scholarship programmes.
The two countries reiterated their joint commitment to UN Security Council reform and mutual support for permanent and non-permanent memberships.
They also pledged cooperation on regional peace and security, particularly in West Africa.
Nigeria ‘took note’ of India’s invitation to join the Global Biofuel Alliance and Global Rivers Cities Alliance.
”As members of International Solar Alliance (ISA), both sides agreed to intensify their cooperation in establishing solar parks and to work towards increasing the share of the renewable energy in their energy portfolio,” the joint statement said.
UNI RN