ACCI President Urges FG to Review 'Obsolete' Nigeria-India Economic Ties
The President, Abuja Chamber of Commerce and Industry , Prince Adetokunbo Kayode has called on the federal government to renegotiate economic ties between Nigeria and India to achieve a win-win situation.
Speaking as a panelist during a web conference tagged: “India – Nigeria Business Promotion, Challenges and Opportunities – Post COVID-19”, Kayode said as much as India had benefited immensely from Nigeria in terms of medical tourism and adoption of Indian technology, the latter should also the country in its current efforts to diversify its economy from oil.
The ACCI president added that the absence of Indian manufacturing hubs in Africa in general and Nigeria is particular as well as intrusion into local businesses bothering on retailership and distribution services needed to be addressed to strengthen ties between both countries. “The COVID-19 disease pandemic has impacted negatively on the relationship between the two countries especially in one of the key areas where Nigerians travel to India, which is medical tourism.”
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