The bilateral trade between India and Nigeria is expected to touch 12 billion US Dollars in the current fiscal. In a bilateral meeting with Nigerian Foreign Minister Henry Odein Ajumogobia in New Delhi on Wednesday, the Commerce and Industry Minister Mr. Anand Sharma said, the bilateral trade between the two countries in 2009-2010 stood at 8 billion US Dollars. Mr. Sharma also informed the Nigerian Minister that the total Indian investment in Nigeria is estimated to be about 5 billion US Dollars in 2010.AIR correspondent reports that over 100 Indian companies are operating in Nigeria mainly in automobiles, telecom, hydrocarbons, textiles, chemicals, electrical equipment, pharmaceuticals, plastics and IT industry. Major export items to Nigeria comprise machinery and instruments, pharmaceuticals, transport equipment and electronic goods, while imports include petroleum, crude and products, non-ferrous metals, wood and cashew nuts.