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Nigeria has asked India to provide export credit to its major Indian suppliers in heavy engineering, petrochemicals and the food-processing industry among others.
The proposal to provide a “company to company” export credit facility has also been backed by Nigerian business magnate Aliko Dangote, who on a recent trip to India pointed out that China offered this facility.
Globally recognised as the richest person of African descent, Dangote told Business Standard he did business worth $3.5 billion with India for sourcing equipment for his petrochemicals, agriculture, and power businesses.
He added New Delhi should emulate Beijing, which has graduated from simple sovereign 'lines
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