President Bola Tinubu, on Wednesday, commended Indian investors
for significant investment pledges amounting to nearly $14 billion
US dollars.
The commitment was made during the Nigeria-India Presidential
Roundtable and Conference in New Delhi, India.
“We are ready to give you the best returns for investment possible,
there’s nowhere else like our country. Nigeria offers the best returns
for investment today, so invest now,” he said.

A statement issued by Ajuri Ngelale,
Special Adviser to the President
(Media & Publicity), informed that Indorama Petrochemical Limited
pledged a new investment of $8 billion in the expansion of its
fertilizer production and petrochemical facility in Eleme, Rivers.
It said Jindal Steel and Power Limited, one of India’s largest private
steel producers, has committed to investing $3 billion in Nigeria,
following discussions with President Tinubu on the sidelines of the
G-20 Summit in New Delhi, India.
The statement added: “Founding President of SkipperSeil Limited,
Mr. Jitender Sachdeva announced that, following President Bola
Tinubu’s personal intervention, he is investing $1.6 billion U.S.
dollars in the establishment of twenty 100MW power generation
plants across the states of Northern Nigeria, amounting to
2,000MW of new power within the next four years.
“Additionally, the President has approved finalization on a new $1
billion U.S. dollar agreement to bring the Defense Industries
Corporation of Nigeria (DICON) to 40% self-sufficiency in local
manufacturing and production of defense equipment in-country by
2027 through a comprehensive new partnership with the Managing
Arm of the Military-Industrial Complex of the Indian Government.
“Another Indian firm, Bharti Enterprises, which is a major first-
generation corporation in India with interests in telecom, space
communications, digital solutions, insurance, processed foods, real
estate, and hospitality, has expressed its commitment to invest an
additional $700 million in Nigeria, with work set to begin
immediately.
“Emphasising that under his pragmatic leadership, agreements must
now manifest in industries and jobs on the ground in Nigeria,
President Tinubu expressed gratitude to all Indian companies and
individuals who have responded positively to his administration’s
efforts to improve Nigeria’s macroeconomic and investment
climate.”
According to the statement, Tinubu urged investors not to delay,
assuring that all observed impediments will be resolved.
“Do not procrastinate. Don’t be frightened about investments in
Nigeria. Bring it on. Ask your questions and make your requests.
The trade and investment opportunities are enormous. I have a
team, and I am the captain of that team, and I assure you that we
solve problems,” the President affirmed.
The statement added that the president informed prospective
investors that in Nigeria, there is no free lunch or shortcuts, but that
he has “good economic policy for the investors as well as able men
and women in leadership and on the ground, who can drive the
goal of broad prosperity through investment and infrastructure.”
Tinubu stated: “I will captain and lead the course of investment,
development, and prosperity for the largest democracy in Africa
and for investors from the rest of the world.”
He reiterated that Nigeria is open for business with intelligent,
innovative, capable, and highly committed individuals in
government, who are ready to drive the largest economy in Africa
to destiny.
The President also told the Summit that “he is proud” that the
Nigerian stock market had broken records in its consistent
bullishness since he assumed office.
Minister of Finance and Coordinating Minister of the Economy,
Wale Edun, who addressed the roundtable themed, “Building
Partnerships with Renewed Hope for a Diversified and Prosperous
Economy,” thanking Mr. Naveen Jindau, Chairman of Jindal Steel
and Power Limited, for the new $3 billion investment in iron ore
processing and steel development in Nigeria.
Commending the Tata group and so many others who have
immediately responded to President Tinubu’s moves to correct the
major systemic faults in the macro-economic and investment
climate in Nigeria, the Finance Minister noted, “I also wish to thank
Mr Sunil Bharti Mittal, Founder and Chairman of Bharti Enterprises,
for his continued commitment to invest in the first phase at least
$700 million dollars more in Nigeria,” Mr. Edun said.
Edun further used the opportunity to explain the underlying
principles of President Tinubu’s eight-point strategy, emphasizing
that his agenda aims to promote growth and job creation, poverty
reduction, food security, improved access to capital, inclusivity,
business and citizen security, and fair play on a foundation of rule
of law and anti-corruption.
Speaking on behalf of investors, Chairman of Bharti Enterprises, Mr.
Sunil Bharti Mittal told the President, “You have unified the FX
market. You have freed up crucial capital to upgrade your public
infrastructure. Now, you have just dropped your prepared remarks
and have spoken from your heart. Our investors have heard from a
leader who is doing everything possible to attract capital to Nigeria
for the benefit of Nigerians and our companies. Mr. President, we
will bring these investments to Nigeria, and with your inspiring
leadership style, we can only do more and more.”
Also, at the event, Nigeria’s Minister of Communication, Innovation
and Digital Economy, Dr Bosun Tijani, and his counterpart from
India’s Ministry of Electronics and Information Technology signed a
Memorandum of Understanding (MoU) for Co-operation in the field
of Sharing Successful Digital Solutions, to be implemented at total
population scale for digital transformation.
The Minister also signed an MoU with Central Square Foundation
for Co-operation in the field of Sharing Successful Ecosystems,
which involve interventions relating to education technology, to be
implemented at population scale for digital economic
transformation.
A third MoU on Infrastructure Development was signed between the
Infrastructure Corporation of Nigeria Limited (InfraCorp) and Invest
India, the National Investment Promotion and Facilitation Agency of
India, which helps investors looking for investment opportunities
and options in India.
Nigeria’s Industry, Trade and Investment Minister, Dr. Doris Uzoka-
Anite, supervised it.
Closing the interactive session, Mr. Chandrajit Banerjee, the
Director-General of the Confederation of Indian Industries (CII),
noted that the Presidential Roundtable serves as a robust
foundation for Indian businesses looking to engage with Nigeria
and would encompass cooperation across key areas, such as
capacity building, skills development, agriculture, and the
enhancement of digital and physical infrastructure, among others.
“Under the determined leadership of President Tinubu, the CII is
prepared to dispatch a high-level delegation to Nigeria, and we are
keen on establishing a second presence in Africa, with Nigeria as
our target destination,” he concluded.
The Presidential roundtable, attended by President Tinubu, also had
in attendance Governor Dapo Abiodun of Ogun State; Amb. Yusuf
Tuggar, Minister of Foreign Affairs; Dr. Bosun Tijani, Minister of
Communications, Innovation, and Digital Economy; and Dr. Doris
Uzoka-Anite, Minister of Industry, Trade, and Investment; along
with industry leaders from both India and Nigeria.
The statement said that following the Roundtable, the President
met individually with each of the top pledging investors to finalize
on the next steps to ensure that no environmental encumbrance
stands in the way of their success in Nigeria.
https://tribuneonlineng.com/tinubu-hails-indian-investors-14bn-investment-pledge-for-nigeria/?fbclid=IwAR3MhewwM3H-_wZJJzdKV-D1PvhSxlRUIqRH5AycOIWDMiJ0PdQ_q3lcymc

mynd44 oam4j lalasticlala seun nlfpmod

BABA TINUBU
I GO SING, DANCE AND SAY SAI BABA TINUBU

#RenewedHope ✌

A Whopping 14Billion Dollars 😱 😱 Investment. Waoh that's Massive!!

Some Losers will still find fault with this good development.

That's how you do business, not shouting in feminine voice china this ,china that .

Even if 20 percent of the total amount is realized it will change the face of non oil sector of the economy .

Just like Modi lifted India from its slumber , Jagaban will lift Nigeria

Interesting

Good one

Asiwaju Bola Ahmed Tinubu will be regarded as the father of modern day Nigeria by the end of his tenure.
May God bless Asiwaju. May God bless Nigeria for ever!

It is not by mouth, Tinubu is far ahead of the other candidates. We unfortunately live in a country where sentiments often becloud our sense of judgment.
How can we even compare Obi and Tinubu in terms of achievements?