Nigeria partners India to improve energy business

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Nigeria and the Republic of India have pledged to work more closely to enhance energy security of both countries.  

The consensus came on the heels of a visit in Abuja of the Indian High Commissioner to Nigeria, His Excellency, Abhay Thakur, to the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, a release by the corporation’s Group General Manager, Group Public Affairs, Mr. Ndu Ughamadu, has said.

The release stated that Dr. Baru who acknowledged the role of Indian companies in Nigeria, called on them to extend their presence to the downstream sector of the Petroleum Industry to leverage on the enormous opportunities available in the country.

NNPC’s commitment to further strengthen the existing relations between both countries in the energy sector will be better from now on.

The GMD noted that with the refineries up for repairs, the corporation would need technical assistance from Indian companies.

Nigeria has been commended for its support to India in the area of energy security, stressing that the country had been contributing significantly to India’s energy needs.

Also clearly evident is the notion that India was open to further strengthening its collaboration with Nigeria through regular dialogue and exchange of technical knowhow.

India is already sourcing almost 10% of its energy requirement from Nigeria and we look forward to further strengthening of this cooperation across various sources of energy, not only oil, but also in gas, solar energy and other renewable sources.

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