India and Nigeria Strengthen Maritime Security Ties

November 18, 2024

India and Nigeria recently agreed to enhance cooperation in maritime security, which occurred during Prime Minister Narendra Modi’s state visit to Nigeria. It marked the first visit by an Indian Prime Minister in 17 years. President Bola Tinubu invited Modi to discuss various collaborative efforts.

Key Discussions

Modi and Tinubu met at the presidential villa in Abuja. They discussed topics such as economic development, defence, healthcare, and food security. Both leaders expressed a commitment to encouraging bilateral relations.

Maritime Security Focus

The Gulf of Guinea and the Indian Ocean face increasing threats. India and Nigeria agreed to take coordinated action against piracy. They aim to safeguard vital maritime trade routes. This collaboration is crucial for both nations’ economic interests.

Nigeria seeks to attract more Indian investments. The country is also looking for affordable lines of credit. These efforts aim to boost Nigeria’s economy and create job opportunities.

Investment Pledges

During the G20 summit last year, Nigeria secured nearly $14 billion in investment pledges from Indian investors. Jindal Steel and Power committed $3 billion to Nigeria’s steel sector. This investment marks India’s growing economic interest in Nigeria.

Indian Presence in Nigeria

Over 200 Indian companies currently operate in Nigeria. These companies contribute to various sectors, including manufacturing and services. Their presence supports Nigeria’s economic development and job creation.

The collaboration between India and Nigeria is poised for growth. Both countries recognise the importance of partnership in addressing common challenges. Continued dialogue will likely lead to further agreements in various sectors.

Important Facts for Exams:
Gulf of Guinea: The Gulf of Guinea is an important body of water in West Africa. It is crucial for maritime trade and faces increasing piracy threats.
Maritime Security: Maritime security involves protecting trade routes from threats. India and Nigeria agreed to coordinate actions against piracy in crucial maritime areas for economic interests.

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