Rivers State is in the country's delta region which is rich with crude oil.
"Once we are sure that Indians can supply us the medical teachers, we will establish the school, because it is not good to establish a medical school without qualified teachers," Chibuike Amechi said.
Amaech said the state branch of Nigerian Medical Association, (NMA) would join the Indians in providing teaching services for the institution.
The Nigerian government started hiring a lot of Indian teachers and other experts in the 70s and towards the end of the 80s many of them returned to India but some decided to remain in the oil rich African country.
At present, it is estimated that there are 17,000 Indian expatriate workers in the country with some of them owning big industries.