Africa ยท Country profile
Nigeria
India-Nigeria trade corridor: $19.1B bilateral trade, $8.7B FDI into India.
$19.1B
Trade with India
+17.6% YoY
$736.0B
GDP
Nominal
$8.7B
FDI into India
Cumulative
+$2.7B
Trade balance
India surplus
Top exports to Nigeria
- Auto components
- Pharmaceuticals
- Textiles and apparel
Top imports from Nigeria
- Coal and coke
- Copper and ores
- Gold and precious metals
Trade corridor with India
2025: $19.1B ยท 5-yr CAGR 11.5%
Goods trade in USD billion, illustrative demo figures.
Latest Nigeria stories
Trade3h ago4 min read
India-Nigeria bilateral trade hits a new quarterly high
FDI6h ago5 min read
Nigeria investors commit fresh capital to Indian manufacturing
Policy9h ago6 min read
Revised tariff schedule for India-Nigeria goods notified
Technology12h ago7 min read
India and Nigeria deepen cooperation on digital and AI standards
Policy and tariff watch
| Measure | Change | Status | Date | Alert |
|---|---|---|---|---|
| Import duty on engineering goods | 6% to 1% | In force | Jan 2026 | |
| Rules of origin certification | Digital certificates mandatory | Notified | Mar 2026 | |
| Pharma regulatory recognition | Mutual recognition under review | Consultation | Jun 2026 | |
| Agri products SPS standards | Revised residue limits | Proposed | Sep 2026 | |
| Trade agreement round | Round 5 of negotiations | Negotiating | Dec 2026 |
Upcoming events and delegations
Forum
India-Nigeria Business Forum
Jan 2027 ยท New Delhi
Delegation
Trade delegation to Nigeria
Mar 2027 ยท Nigeria
Buyer meet
Nigeria buyers-sellers meet
Apr 2027 ยท Mumbai
Policy
Joint working group on market access
Dec 2026 ยท Virtual
Opportunity sectors
๐พS02Agriculture & Dairy20% projected demand growth๐ฟS07Ayush & Ayurveda & Herbal Medicine14% projected demand growthโ๏ธS12Coal11% projected demand growth๐S17Diamond, Gems & Jewellery20% projected demand growth๐ปS22Electronics & IT & Components14% projected demand growth๐ณS27FinTech & Digital Payments11% projected demand growth