In order to move the wheel of the economy after the harsh Covid -19 period, the governments of India and Nigeria are collaborating to boost the infrastructure and solar energy capacity of Nigeria to generate the much-needed inertia.
According to the new High Commissioner of India to Nigeria, Gangadharan Balasubramanian, the collaborative effort will help in improving the solar energy, finance technology(Fintech) and artificial intelligence capacities of Nigeria, while also assisting in curbing the infrastructure deficit. He said, “Some Indian companies are working in developing Nigeria’s transport infrastructure corridor in Lagos and we are developing solar energy and transmission lines in the Cross-River state.”
Out of the global cumulative installed solar energy capacity, India contributes nearly 6.5%, which is one of the highest in the world. In such a scenario, Nigeria collaborating with India for its renewable infrastructure, particularly solar, is a worthy step.
Balasubramanian finally added, “Nearly about $10 billion worth of oil is being imported from Nigeria. India also exports various issues from agricultural products, to petroleum products, to pharmaceuticals, to textiles. So, there is a large possibility of increasing this trade and economic cooperation between our two countries.”
It is noteworthy that over 135 Indian companies are already working in Nigeria at various levels and hence, contributing to its infrastructure building.
