Nigeria and India are fostering new relationships in the areas of promoting modular refinery projects as well as developing Liquefied Petroleum Gas, LPG, or cooking gas cylinder manufacturing companies.
The Executive Secretary Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Wabote met with the Indian High Commissioner to Nigeria, His Excellency, B.N. Reddy in Abuja where they discussed the Board’s plans to engage the Indian Institute of Technology (IIT), the Indian Chamber of Commerce and a host of other institutions.
The IIT, a leading university in India, has one of the most successful innovation and entrepreneurship eco-systems, with over 160 startups over the last six years in various fields, including the oil and gas industry. It also has ongoing relationships with major oil and gas companies including Exxon-Mobil, Shell among others.
Speaking at the meeting, Wabote underscored the trade relations between India and Nigeria especially in the supply of crude oil and Liquefied Natural Gas (LNG). Nigeria supplies 10 percent of India’s crude oil needs.
Source: Oriental News