India and Nigeria strengthen trade ties as China slows investments in Africa
Jammu, May 3 -- India and Nigeria continue to strengthen economic ties
Top trade officials from India and Nigeria met last month to further bolster the trade relations between the two economies. The Indian delegation led by Additional Secretary Amardeep Singh Bhatia held negotiations with their Nigerian counterparts in Abuja as part of the Joint Trade Committee meeting.
This development gains significance at a time when China's investments in Africa are showing signs of decline. According to the IMF, China's lending to the sub-Saharan African countries fell below $1 billion last year - the lowest level in two decades. As China's economy slows down in the aftermath of its property crisis, its influence on Africa is waning. Given Africa i...
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