Nigeria Seals Massive $7 Billion Investment Deal With India

The Federal Government of Nigeria has secured $7 billion out of the $14 billion investment deal promised to the country during the G20 Summit in India last year.

- Nigeria had secured pledges worth $14 billion investment deal during the G20 Summit in India last year.

- Of the $14 billion promised during this visit as an investment into the Nigerian economy, $7 billion has been signed.

- Nigeria hosts almost 150 Indian companies, contributing a substantial investment of $27 billion, primarily in the manufacturing sector.

This was revealed by Indian ambassador to Nigeria, Mr Balasubramanian on the occasion of the 75th Day of India in Abuja.

During the Nigeria-India Presidential Roundtable and Conference in New Delhi, India, Nigerian officials secured pledges worth $14 billion from Indian investors and sought an economic cooperation pact with the South Asian nation, presidential spokesperson, Ajuri Ngelale, said in a statement last year.

Some of the pledges include, Jindal Steel and Power's $3 billion investment in Nigeria's steel sector, and Indorama Corp. petrochemical facility expansion in the country with an additional investment of $8 billion.

What the Indian envoy said:

“India and Nigeria enjoy strong and historical relations. With the ties dating back to before Nigeria’s independence, our bilateral relations have been nurtured by the leadership of both the countries.

“India had invited Nigeria as a guest country during her presidency of G20. We had a memorable visit of H.E. Mr. Bola Tinubu, President of the Federal Republic of Nigeria to the G20 Summit last year in September, that consolidated the ties further.

“Out of the $14 billion promised during this visit as an investment into the Nigerian economy, $7 billion has already been signed ..''

Chicagograduate:
China promised heaven and earth investment in Nigeria when buhari was the president but never fulfilled one.

Even the railway they built for Nigeria broke down.

We are still owing China despite the substandard railway they built on loan.
Asian investment in Nigeria is like tinubu's Renewed banza that is hell.

Chicagograduate:
China promised heaven and earth investment in Nigeria when buhari was the president but never fulfilled one.
Even the railway they built for Nigeria broke down.We are still owing China despite the substandard railway they built on loan.
Asian investment in Nigeria is like tinubu's Renewed banza that is hell.

Chicagograduate:
China promised heaven and earth investment in Nigeria when buhari was the president but never fulfilled one.
Even the railway they built for Nigeria broke down.We are still owing China despite the substandard railway they built on loan.
Asian investment in Nigeria is like tinubu's Renewed banza that is hell.

saddler:
Another audio investment

SoNature:
If this government wants to promote its propaganda, they should do it with serious countries, not a country like India that its people are looking for means to escape from.

DevilsEqual:


This shows how low your IQ is...It should be in a single digit

If it was a negative report, You would believe it but since its a positive one, its an audio to u

It not only shows the tendency of your mind to accept negativity as reality, it shows u are hypocritical, lack discerning skill and also that you're also an enemy of the state

Topman7:


There are several Chinese built projects that are running just fine. Quick example, the Train manufacturing plant in Kajola, Ogun state, which employs 5,000 Nigerians, manufactures train coaches, and supplies the NRC as well as foreign markets.

Another is the Lagos - Ibadan high speed rail service.



What railway ''broke down''?

Do you even know what you're talking about?



Ignoramus talking crap.

Topman7:


https://africa.businessinsider.com/local/markets/nigeria-seals-massive-dollar7-billion-investment-deal-with-india/8sz5t9e

Topman7:
I forsee good things in this country in the months and years ahead.

There are even a few signs of the economy bouncing back here and there..

Topman7:


There are several Chinese built projects that are running just fine. Quick example, the Train manufacturing plant in Kajola, Ogun state, which employs 5,000 Nigerians, manufactures train coaches, and supplies the NRC as well as foreign markets.

Another is the Lagos - Ibadan high speed rail service.



What railway ''broke down''?

Do you even know what you're talking about?



Ignoramus talking crap.

Topman7:
I forsee good things in this country in the months and years ahead.

There are even a few signs of the economy bouncing back here and there..