Nigeria, India to renew air services agreement

May 4th, 2011 - 7:14 pm ICT by IANS  

Abuja (Nigeria), May 4 (IANS) Nigeria and India are set to resuscitate their Bilateral Air Services Agreement (BASA) to strengthen trade and investment relations, Xinhua reported.

Nigerian Minister for Foreign Affairs Odein Ajumogobia informed about this to Indian High Commissioner to Nigeria, Mahesh Sachdev, who called upon him in capital city Abuja Tuesday.

The Nigerian minister said both the countries were set to sign a Memorandum of Understanding (MOU) on BASA, double taxation and investment promotion agreement, among others.

Nigeria and India first signed a BASA in 2004, which saw the inaugural non-stop flight from Lagos state to Mumbai city (in India) by Bellview, a local Nigerian airline, in 2005.

Minister Ajumogobia said the National Agency for Food, Drugs Administration and Control (NAFDAC) signed an MOU with an Indian pharmaceutical company in March.

Such synergies, he added, were aimed at further boosting the existing cordial ties between both countries.

The minister said Africa had its challenges of integration and needed India’s help to overcome them.

“The process of driving integration in the continent will require assistance from India; so through synergies we can partner on trade, and investment in infrastructure that will be beneficial to both countries,” he said.

In his remarks, the Indian High Commissioner said he was in the ministry to inform Ajumogobia of the India-Africa Partnership Summit, coming up within the month in Addis Ababa, capital city of Ethiopia.

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