President Muhammadu Buhari with outgoing Indian High Commissioner to Nigeria, B.N. Reddy, at the State House in Abuja

The Federal government has said the country and India are liaising on how to enhance  the N4.31 trillion ($12 billion) yearly bilateral trade between them.

Nigeria’s Industry, Trade and Investment Minister Okechukwu Enelamah revealed this on Wednesday.

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Okechukwu Enelamah said this when he received the new Indian High Commissioner to Nigeria, Shri Thakur, in Abuja recently.

According to him, the expansion has become important so that the trade deal will focus on investment.

He added that expanding economic relations between both countries has now gone beyond trade for increased investment.

Also, he lauded the envoy’s interest in Project Mine. The Project Mine is a new plan by Nigeria to develop world-class special economic zones and position the country as the manufacturing hub in sub-Saharan Africa.