Would you like to receive notifications on latest updates of the following headlines?

Tinubu, India PM sign pacts to foster collaboration in defence, economy

POSTED ON November 18, 2024 •   Breaking News      BY Benedicta Bassey •   VIEWS 71
Indian Prime Minister Narendra Modi and Nigeria President Bola Tinubu during Modi's visit at the presidential Villa in Abuja. Photo: Guardian

NIGERIA Nigeria and India have entered into partnership to foster collaboration in  defence, economic development, food security, healthcare and energy.

The duo countries signed the series of agreements to sealed the deal during the state visit of Indian Prime Minister Narendra Modi to Nigeria at the invitation of President Bola Tinubu.

The visit among other things at the  Presidential Villa in Abuja, included high-level bilateral talks on key areas to boost cooperation between the two nations.

This information was contained in a statement by the Special Adviser to the President on Information and Strategy, Mr Bayo Onanuga on Monday.

The statement titled, ‘Nigeria, India reinforce strategic partnership, vow to boost economic, defence, health and food security,' the two leaders signal greater collaboration in counterterrorism, maritime security, and intelligence sharing.

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 statement in parts read: “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 finalisation 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

In his part, India Prime Minister, Modi reiterated India’s readiness to support Nigeria’s defence modernisation efforts.

 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.

On bilateral trade expansion, both leaders directed their officials to finalise pending agreements, including the Economic Cooperation Agreement, Double Taxation Avoidance Agreement, and the Bilateral Investment Treaty, to boost trade and investment.

On infrastructure development, India reaffirmed its commitment to supporting Nigeria’s development priorities through concessional lines of credit and technical expertise.

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.

Both leaders however agreed that food security, would remains a priority for developing countries especially with bigger populations.

“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,” read the joint statement.

On healthcare sector, Nigeria and India pledged to deepen their collaboration focusing on the establishment of hospitals and diagnostic centres, as well as the deployment of innovative health management systems.

The government of Indian also extended its commitment to supply high-quality generic pharmaceutical products to Nigeria at economical rates under the Pradhan Mantri Bhartiya Janaushadhi Pariyojana 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.

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.

Tinubu conferred upon Modi Nigeria’s second highest national honour, Grand Commander of the Order of the Niger.

He said the honour is “To signify our appreciation of India as Nigeria’s partner.”

RECOMMENDED FOR YOU
FCT Minister approves N70, 000 minimum wage for workers
BY Benedicta Bassey November 19, 2024 0

ABUJA, Nigeria—The Minister of the Federal Capital Territory, Nyesom Wike, has approved the pa...

RECOMMENDED FOR YOU
Trump picks former Rep. Sean Duffy as Cabinet member
BY Benedicta Bassey November 19, 2024 0

UNITED STATES —President-elect of the United States, Donald Trump, has nominated former Wiscon...

RECOMMENDED FOR YOU
Biden vows $4bn to World Bank fund for poorest nations
BY Benedicta Bassey November 19, 2024 0

UNITED STATES—US President Joe Biden has committed a $4 billion contribution to the World Bank...

RECOMMENDED FOR YOU
FG reviews housing budget to N500bn for 2025
BY Benedicta Bassey November 19, 2024 0

NIGERIA —The Federal Government on Tuesday said it is reviewing it's annual housing budget to...

RECOMMENDED FOR YOU
G20 Summit: Tinubu vying for UN Security Council seat
BY Benedicta Bassey November 19, 2024 0

Abuja, Nigeria—Nigeria President, Bola Tinubu has expressed Nigeria’s readiness to repre...

RECOMMENDED FOR YOU
Naira appreciates, hit N1,735/$ in parallel market
BY Benedicta Bassey November 19, 2024 0

The Naira appreciated to N1,735 per dollar in the parallel market from N1,740 per dollar last weeken...

RECOMMENDED FOR YOU
Obasanjo calls for credibility in INEC's leadership
BY Benedicta Bassey November 18, 2024 0

NIGERIA —Former President Olusegun Obasanjo, has tasked the leadership of the Independent Nati...

RECOMMENDED FOR YOU
Dry season: LASG urges residents to priorities safety
BY Benedicta Bassey November 18, 2024 0

LAGOS, Nigeria—In a bid to mitigate the risks during the dry season, the Lagos State Safety Co...

OUR CHANNELS:

OTHER ARTICLES ::

19th November, 2024
FCT Minister approves N70, 000 minimum wage for workers
BY Benedicta Bassey November 19, 2024 0

ABUJA, Nigeria—The Minister of the Federal Capital Territory, Nyesom Wike, has approved the pa...


Trump picks former Rep. Sean Duffy as Cabinet member
BY Benedicta Bassey November 19, 2024 0

UNITED STATES —President-elect of the United States, Donald Trump, has nominated former Wiscon...


Biden vows $4bn to World Bank fund for poorest nations
BY Benedicta Bassey November 19, 2024 0

UNITED STATES—US President Joe Biden has committed a $4 billion contribution to the World Bank...


FG reviews housing budget to N500bn for 2025
BY Benedicta Bassey November 19, 2024 0

NIGERIA —The Federal Government on Tuesday said it is reviewing it's annual housing budget to...


G20 Summit: Tinubu vying for UN Security Council seat
BY Benedicta Bassey November 19, 2024 0

Abuja, Nigeria—Nigeria President, Bola Tinubu has expressed Nigeria’s readiness to repre...


Naira appreciates, hit N1,735/$ in parallel market
BY Benedicta Bassey November 19, 2024 0

The Naira appreciated to N1,735 per dollar in the parallel market from N1,740 per dollar last weeken...


Obasanjo calls for credibility in INEC's leadership
BY Benedicta Bassey November 19, 2024 0

NIGERIA —Former President Olusegun Obasanjo, has tasked the leadership of the Independent Nati...


Dry season: LASG urges residents to priorities safety
BY Benedicta Bassey November 19, 2024 0

LAGOS, Nigeria—In a bid to mitigate the risks during the dry season, the Lagos State Safety Co...


Tinubu, India PM sign pacts to foster collaboration in defence, economy
BY Benedicta Bassey November 19, 2024 0

NIGERIA — Nigeria and India have entered into partnership to foster collaboration in  def...


Gov Abiodun, Adebutu clash over Ogun LG poll results
BY Benedicta Bassey November 19, 2024 0

OGUN, Nigeria — Ogun state Governor, Dapo Abiodun and the PDP governorship candidate in the 20...


Menu