The economic links between India and Africa were strengthened this week by a memorandum of understanding signed with Nigeria.
The economic links between India and Africa were strengthened this week by a memorandum of understanding signed with Nigeria. The two countries also agreed to set up a Joint Commission to give further impetus to their industrial and economic co-operation. India already has extensive links with another African country, Tanzania.
SYNOPSIS: The memorandum was signed in the Indian capital, New Delhi, by India's Minister for Industry, Mr. George Fernandes, and Nigeria's Commissioner for Economic Development, Dr. O. Adewoye. The proposed Joint Commission will cover a large number of fields. They include industrial development, agriculture, petroleum and petroleum products, mining, steel, transport, trade and commerce, and training of personnel. Several areas were identified for co-operation in the field of irrigation. They include river basin development, dam construction, water management, and the development of water resources. Both Mr. Fernandes and Dr. Adewoye paid tribute to the comprehensive nature of the document.