By Merit Ibe
The Lagos Chamber of Commerce and Industry (LCCI) has asserted that Nigeria-India synergy on critical sectors can address current economic challenges and pave the way for a prosperous future.
The President of the chamber, Gabriel Idahosa, made the remark on Friday, during the Nigeria-India business forum organised by the chamber.
Idahosa, who reeled out the challenges bedeviling the economy, sought the collaboration of Confederation of Indian Industries (CII) to boost the critical sectors of the economy.
He was optimistic that the partnership between the two countries is vast and ripe for exploration.
“By leveraging our respective strengths and fostering collaborative ventures across these critical sectors, we can address current economic challenges.
“Today, we convene not only as representatives of our respective nations, but also as collaborators poised to unlock the immense potential that lies within our partnership,” Idahosa said.
He viewed that the forum would serve as a catalyst for actionable partnerships that will drive innovation, economic growth, and mutual prosperity. The LCCI boss assured CII of security, as it is the bedrock upon which economic prosperity is built.
“Nigeria and India have a history of cooperation in defense, characterised by knowledge exchange and capacity building. As of 2024, Nigeria’s defense budget stood at approximately $2.5 billion, reflecting a commitment to enhancing national security. He however urged the CII that collaborative ventures in defence technology and joint training programmes can further bolster Nigeria security apparatus, ensuring a stable environment conducive to economic growth.
He pointed out the critical sectors that needed India’s partnership to include agriculture; power sector; CNG programme; healthcare sector; education; infrastructure development; e-mobility, amongst others.
The Consul General of India Consulate, Lagos, Shri Kumar Kern, said that India is genuinely interested in Nigeria to do business.
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