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Former Nigeria Prez in India to improve trade ties

 
Obasanjo is expected to meet Indian Prime Minister Manmohan Singh.

Former Nigerian president Olusegun Obasanjo is presently in India to look into opportunities to expand bilateral trade between the two countries, reports IANS . A nine-member delegation of Nigerian businessmen is accompanying Obasanjo.

Obasanjo is expected to meet Indian Prime Minister Manmohan Singh during his visit.

"One of the main aims of Obasanjo's visit is to encourage greater bilateral economic synergy. This visit is yet another affirmation of the close and substantive ties between India and Nigeria," stated the Indian external affairs ministry. exp

India and Nigeria have always shared good relations, with about 35,000 Indians residing in Nigeria. Nigeria is also home to over 100 Indian companies. Over 30,000 Nigerians visited India in the year 2011, largely for business and medical tourism.

Bilateral trade between India and Nigeria was recorded at USD13 billion in 2010-11, and it is anticipated to rise to USD19 billion this financial year.

It is interesting to note that Obasanjo was awarded the Indira Gandhi Prize for Peace, Disarmament and Development by India in the year 1997. Obasanjo was also the chief guest at India’s Republic Day celebrations in the year 2000.