NIGERIA

Address/Contact details of the Indian Mission (s) HIGH COMMISSION OF INDIA LAGOS 8A Walter Carrington Crescent, Victoria Island, Lagos (Nigeria) Tele:01-2627680, 2615905, 2615078 Fax: 01-2612660, 2627681 E-mail: hclag@hyperia.com fs1@hcilagos.org fs2@hcilagos.org Website: www.hicomindlagos.com

ABUJA Plot 684A Agadez Crescent, Off Aminu Kano Crescent, Wuse II, Abuja (Nigeria) Tel. 09-5236078, 5236099 Fax: 09-5236088, 5241554 E-mail: ho.abuja@mea.gov.in hciabuja@nigtel.com

BASIC FACTS ABOUT COUNTRY

1. 2. Name and capital Names of Provinces & Provincial Capitals Federal Republic of Nigeria, Abuja Abuja - Federal Capital Territory and 36 States State Capital 1. ABIA Umuahia 2. ADAMAWA Yola 3. AKWA Wellington Bassey 4. ANAMBRA Awka 5. BAUCHI Bauchi 6. BAYELSA Yenagoa 7. BENUE Makurdi 8. BORNO Maiduguri 9. CROSS Calabar RIVER 10. DELTA Asaba 11. EBONYI Abakaliki 12. EDO Benin City 13. EKITI Ado-Ekiti 14. ENUGU Enugu 15. GOMBE Gombe 16. IMO Owerri 17. JIGAWA Dutse 18. KADUNA Kaduna 19. KANO Kano 20. KATSINA Katsina 21. KEBBI Birnin Kebbi

22. KOGI 23. KWARA 24. LAGOS 25. NASSARAWA 26. NIGER 27. OGUN 28. ONDO 29. OSUN 30. OYO 31. PLATEAU 32. RIVERS 33. SOKOTO 34. TARABA 35. YOBE 36. ZAMFARA 3. 4. 5. 6. 7. 8. Population Currency/Exchange rate as on a recent date Languages spoken Latitude/longitude and time zone details of country, capital Time Hours +/- GMT Daylight Saving Time details, if any Name of HOS/HOG/Foreign/ Finance/ Defence/ Commerce/ Industry Ministers

Lokoja Ilorin Lagos Lafia Minna Abeokuta Akure Osogbo Ibadan Jos Port Harcourt Sokoto Jalingo Damaturu Gusau

125 million Naira US$ 1 = Naira 140 (August 1, 2005) English, Yoruba, Hausa, Igbo, Fulani, Over 700 languages/dialects Latitude: 40 and 140 North Longitude: 30 and 140 East GMT + 1 IST (-) 4 hrs Head of State and Government: Chief Olusegun Obasanjo Foreign Minister: Ambassador Oluyemi Adeniji Finance Minister: Mrs. Ngozi Okonjo-Iweala Defence Minister: Mr. Rabiu Kwankwaso Commerce Minister: Mr. Idris Waziri Industry Minister: Mr. Mogaji Mohammed www.nigeria.gov.ng Presidency: http://www.nopa.net/ Communication Unit of Presidency: http://www.nigeriafirst.org/ Foreign Ministry: Commerce/Industry Ministry website: Nigerian High Commission, New

9.

Official Website Links to HOG/HOS/Foreign Ministry/ Commerce Ministry in that country

10.

Name, address and contact details of countrys central bank

11.

Basic foreign, international trade, etc policies

12. 13. 14.

Membership of major multilateral and regional organizations Major Industries, global companies, etc. Significant economic activities such as agriculture, mining, knowledge industries, services such as financial services, shipping, tourism, etc. Global Trade and Investment Total imports with major exporting countries Total exports with major destinations of exports Investment highlights Major Universities/Scientific Institutions

Delhi: http://www.nigeriadelhi.com/ Central Bank of Nigeria, Zaria Street, Garki, P.M.B. 0187, Garki, Abuja, Nigeria. Tel: (234) 09 2342132-4, 234332-6 Fax: (234) 09 23435363 Email: info@cenbank.org Website: www.cenbank.org In 1995, Nigeria adopted a policy of guided de-regulation of its economy. Import liberalization in 1995 significantly reduced tariff rates and eased trade restrictions. However, in 2002, Nigeria banned import of certain textiles and readymade garments. In April 2005, some more items such as sanitary wares, footwear, bicycles, were included in the banned list. Import of rice is likely to be banned from 2006. UN, Commonwealth, African Union, ECOWAS, Oil, timber, mining Chevron, Shell, Agip, MTN, ISPAT Group, Mumbai Oil and gas production, farming, mining,

15. 16. 17. 18. 19.

Major exports are crude oil, timber. US$ 14851 million (2003) US, UK, China, Germany, Brazil, Italy, India US$ 24061 million (2003) US, India, Brazil, Spain, France, Indonesia Major investments are in the oil, gas, steel and mining sectors. Lagos State University University of Nigeria, Nnusuka Ahmedo Bello University, Zaria Centre for Energy Research and Development National Institute of Horticultural

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Important Think Tanks on Foreign Policy related issues Major Tourist attractions

21.

22. 23.

Major art forms/cultural traditions and venues/ museums, etc. Major Newspapers/Magazines/ TV Channels with contact details

Research Nigerian Institute of International Affairs, Lagos Institute of Public Policy Analysis, Lagos Ikogosi Warm Springs, Owu Falls (Kwara State), Assop Falls (Plateau), Kwa-Ghir Festival (Tiv people of Benue), Argungu Fishing Festival, Boat Regatta, New Yam Festival of Igbos, Kainji Lake Game Reserve (Niger) National Museum, Lagos Esie Museum, near Ilorin Newspapers: The Guardian, This Day, The Champion, Punch, Comet, Business Day, Magazines: Newswatch, Tell, TV channels: NTA, DBN, AIT, Minaj, Channels TV Radio: Voice of Nigeria, FRCN, Ray Power News Agency: NAN

INDIA-NIGERIA RELATIONS
(i) Political Relations

Relations between Nigeria and India are warm and friendly, without any contentious issues. India established a diplomatic mission in Nigeria in 1958, even before Nigeria became independent in 1960. Both countries have been in the forefront of the worldwide anti-colonial and anti-apartheid struggle and have collaborated in various international fora. Prime Minister Jawaharlal Nehrus visit to Nigeria in September 1962 laid an excellent foundation for close political and economic relations between the two countries. Since then, several high-level political, commercial and cultural visits have been exchanged between the two countries. With a population of about 125 million and considerable revenue from oil exports, Nigeria is the largest trading partner of India in Africa. Bilateral annual trade turnover exceeds US$ 3 billion. (ii) Bilateral Visits

Indo-Nigerian relations gained momentum with the State Visit of President Olusegun Obasanjo to India in January 2000 as Chief Guest at the 50th Republic Day celebrations and the visit of the then EAM to Nigeria in March 2000 to co-chair the Third Session of India-Nigeria Joint Commission. In May 2003, the Minister of State for Commerce and Industry visited Lagos to Chair the Conference of Commercial Representatives of Western Sub-Saharan Africa. The Nigerian Foreign Minister, Mr. Oluyemi Adeniji, visited India from October 28-30, 2003 to co-chair the Fourth Session of the Joint Commission. The Honble Prime Minister, Shri Atal Behari Vajpayee, visited Nigeria in December 2003 to participate in the Commonwealth Heads of Government Meeting (CHOGM-2003). President Obasanjo paid a working visit to New Delhi on November 3, 2004 and held discussions with the Honble Prime Minister, particularly on strengthening cooperation in the hydrocarbon sector. (iii) Commercial and Trade Relations

India and Nigeria have regularly exchanged visits at governmental and commercial levels to strengthen bilateral economic and commercial relations. During the last three years, several trade missions from states in Nigeria and Chambers of Commerce have visited India. From the Indian side, delegations from RITES, CII, IEEMA, jute industry, etc. came to Nigeria in 2002 to hold discussions with their respective counterpart organizations and identify areas of cooperation. In February 2004, Nigerian companies participated in INDIASOFT-2004 and INDIASOFT-2005 and the BSM organized by CAPEXIL in Mumbai. A delegation from the Electronics and Computer Software Export Promotion Council (ESC) visited Lagos from February 26-29, 2004. A multi-product Buyer-Seller Meet was organized by the EEPC in Lagos on March 3-4, 2004. A delegation from the Pharmaceuticals Exports Promotion Council of India (PHARMEXCIL) visited Nigeria from 4-9 July 2005. A delegation from the National Thermal Power Corporation visited Nigeria from August 1-4, 2005.

Trade: Bilateral trade between the two countries has been in the vicinity of US$ 3 billion in the last three years, making Nigeria the largest trading partner of India in the African continent. Indias exports to Nigeria have shown a healthy upward trend and grew from US$ 293.71 million in 1999-2000 to US$ 607.27 million in 20042005. Traditionally, balance of trade has been in Nigerias favour, mainly because of large Indian imports of crude oil and the amount of trade deficit is dependent on the price of oil. Oil constitutes more than 96% of Indian imports from Nigeria. Bilateral Trade Statistics 2002-03 US $ Ind Rs. (mn) (lakhs) 449.08 217334 2003-04 US $ Ind Rs. (mn) (lakhs) 565.49 259851 2004-05 US $ Ind Rs. (mn) (lakhs) 607.27 275339

Indian exports to Nigeria Indian 78.13 1193780 75.64 1134510 imports *2389.0 *2393 from Nigeria Total 2916.21 1411114 3033.32 1394361 Trade *Oil Imports, excludes software exports. +Excludes oil imports.

+47.71

+21633

+654.98

+296972

Indias main items of export: pharmaceutical products, machinery and mechanical appliances, electrical machinery and equipment, rice, automobiles, iron and steel, cereals, plastic and articles thereof, rubber and articles thereof, paper and paper products and cotton textiles. Indias main imports from Nigeria: crude oil, metal scrap, wood, cashew nuts, iron and steel. Oil Imports: Year 1999-2000 2000-2001 2001-2002 2002-2003 2003-2004 Quantity (MMT) 15.450 12.570 11.320 11.578 11.074 Value (In US $ million) 2597.7 2140.4 2001.9 2389.0 2393.0

Oil Sector: Indias interest in Nigerias oil sector has three components: term contract for crude purchase, participation in the upstream sector and refineries. ONGC Videsh (OVL) has won a 15% stake in Block II of the Joint Development Zone (JDZ) of Nigeria and Sao Tome Principe. Separately, OVL and

other Indian oil companies are reported to have bid for some of the 63 new oil blocks announced by Nigeria in the bidding round 2005. (iv) Indian Companies

Indian companies have sizeable investments in textiles, chemicals, electrical equipment, pharmaceuticals, plastics, fishing etc. The first Indian company, viz. K. Chellaram Company, was set up in Nigeria in 1923. India has assisted Nigeria through transfer of technology, machinery and expertise in the form of joint ventures and consultancy services. Nigeria is the largest destination in Africa of Indian manufactured products. MECON, RITES, TCIL and NSIC have been involved in consultancy and management projects in steel, railways, telecom, small-scale industry sectors in Nigeria for several years. Petroleum India International (PII) has been involved in the maintenance of Port Harcourt and Warri oil refineries through the provision of technical manpower and training of Nigerian engineers. PII is also involved in the disinvestments of the National Oil Company. HMT (I) set up the Nigerian Machine Tools (NMT) in 1982 with 15% equity participation. IN June 2005, HMT completed a rehabilitation project of NMT. Other joint ventures like Indo-Nigerian Bank Limited (a SBI joint venture), Prestige Assurance Company (New India Assurance JV), the Nigerian Engineering Works, etc. have been operating in Nigeria for a long time. Major Indian IT companies like Infosys, Satyam, NIIT, and Aptech have signed agreements with local companies to set up training institutes and to promote their products in Nigeria. M/s Petron Engineering Construction Limited, Mumbai is presently doing upgradation and reactivation work of erecting two cement plants for the Dangote Group. This would involve deployment of about 2000 workers from India. M/s Ayoki Fabricon Private Limited, Pune is doing upgradation of a sugar mill. About 600 Indian workers are likely to be deployed in this project. In August 2004, the management of the state-owned Ajaokuta Steel Plant was handed over to the Mumbai-headquartered Ispat Group of Companies, through its subsidiary Global Infrastructure Nigeria Limited. The technical management agreement provides for the Indian company to rehabilitate, operate and manage the steel plant complex for the next 10 years. In February 2005, the Nigerian Government also announced its decision to hand over the Delta Steel Company and the Iron Ore Mining Company to the Ispat Group. In September 2004, the Indian Oil Corporation (IOC) signed an MoU with the Edo State in Nigeria for setting up of an oil refinery. Since then two further meetings have been held between the two sides. Petroleum India International, in association with their local partners, has prepared a feasibility report for setting up of an oil refinery in Lagos state of Nigeria.

Telecom companies, oil companies, banks etc. in Nigeria are increasingly recruiting Indian professionals at executive levels. A high-powered 40-strong Nigerian delegation, including Ministers, senior officials and heads of corporations, participated in the Conclave on India-Africa Project Partnerships 2005 organised by CII in New Delhi from March 2-4, 2005. Several private companies in Nigeria have set up joint collaborations with Indian companies primarily in trading and promotion of Indian products. (v) ITEC Programme

SCAAP: A total of 50 slots annually have been allotted to Nigeria for training of their officials in various short-term courses in India under Special Commonwealth African Assistance Plan (SCAAP). SCAAP programme is popular in Nigeria and it has been utilizing almost all the slots. (vi) Grants/Credits

An agreement was signed on September 14, 2001 between India and Nigeria for the rehabilitation of NMT by utilizing a GOI grant of US$ 5 million. Under this agreement, 38 engineers and technicians from NMT went to India on four months training by HMT, Bangalore and all the machinery supplied by HMT reached NMT by end-2004. HMT (I) set up the Nigerian Machine Tools (NMT) in 1982 with 15% equity participation. (vii) Air Connectivity

In June 2005, direct air links were re-established with the commencement of Lagos-Mumbai flights by Bellview Airlines of Nigeria. Other airlines offering connectivity to India through their hubs include Kenya Airways, Emirates, Ethiopian, Lufthansa, British Airways, KLM, etc. (viii) Banks

The State Bank of India has a subsidiary in Nigeria called Indo-Nigerian Bank Ltd. Some other foreign banks like Citibank have operations in Nigeria. There are many private Nigerian banks. (ix) Indian Community

There is a strong Indian community of about 25,000-30,000 engaged in trading and manufacturing, industry and working as professionals. In Lagos, there is a CBSE-affiliated Indian school. August 2005