Nigeria India trade soars: India overtakes US as Nigeria’s biggest export market

India has overtaken the United States to become Nigeria’s largest market for exports, according to the first quarter Trade Statistics released by the Nigeria National Bureau of Statistics.

The moving of the United States to the second position is seen as a major development for Nigeria and India trade relations, given that the US had remained the country’s largest export market since 1964.

In a broader context, the Nigeria National Bureau of Statistics data also reveals that during the quarter, India-Nigeria bilateral trade reached US$ 5.15 billion in the first quarter or within 0.5 percent of the US which, for the moment, retains the top-spot. – (The Times of India)