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Nigeria And India Seal $7 Billion Investment Deal - Politics (2) - Nairaland

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Tinubu Receives Brief On $10 Billion Investment Prospects In Steel Sector / FG Earmarks $7 Billion For Poverty Reduction / Lagos Free Zone To Attract Additional $5 Billion Investment To Lagos (2) (3) (4)

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Re: Nigeria And India Seal $7 Billion Investment Deal by ElSudani: 1:38pm On Jan 29
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. grin

You don't know what you are talking about. Some Nigerians are trying to Japa, does that mean Dangote and others are not investing billions abroad?
There are Indian companies with serious financial muscle.

2 Likes

Re: Nigeria And India Seal $7 Billion Investment Deal by Xox1945(m): 1:39pm On Jan 29
Tinubu will be the worst president in the history of Nigeria.
Re: Nigeria And India Seal $7 Billion Investment Deal by ElSudani: 1:40pm On Jan 29
President Tinubu on track to make Nigeria work and thrive.

1 Like

Re: Nigeria And India Seal $7 Billion Investment Deal by cijiy: 1:47pm On Jan 29
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..

what's d deal dey seal
Re: Nigeria And India Seal $7 Billion Investment Deal by ElSudani: 1:47pm On Jan 29
Gadafii:
so there is a train coach manufacturing firm in ogun state and Lagos state govt still went ahead to buy coaches for the blue rail from the United States

It’s either you are lying or Lagos state govt wanted to siphone funds

There's indeed a wagons manufacturing facility in Ogun state built by the Chinese. What Lagos state bought was fully built trains.

1 Like

Re: Nigeria And India Seal $7 Billion Investment Deal by masui(m): 1:54pm On Jan 29
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. grin

How the mighty have fallen. From China to India.
Re: Nigeria And India Seal $7 Billion Investment Deal by COMPAQ(m): 1:55pm On Jan 29
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.


Which Lagos - Ibadan high speed train service

Train that runs at 90kph!!??
Re: Nigeria And India Seal $7 Billion Investment Deal by Haaland21: 2:00pm On Jan 29
Emilokan 1 of Nigeria.....

U have my vote .....

The headless mob can cry.........
Re: Nigeria And India Seal $7 Billion Investment Deal by Dennisochampa: 2:03pm On Jan 29
Can any good come out of India??
Re: Nigeria And India Seal $7 Billion Investment Deal by PHAYOL81: 2:10pm On Jan 29
Good, we're marching forward on and on.
Re: Nigeria And India Seal $7 Billion Investment Deal by ElSudani: 2:11pm On Jan 29
COMPAQ:



Which Lagos - Ibadan high speed train service

Train that runs at 90kph!!??

You can try and trek it or ride on a camel. Nobody is forced to use the train.
Sensible Nigerians appreciate it and they use it everyday.

1 Like

Re: Nigeria And India Seal $7 Billion Investment Deal by sulaak(m): 2:13pm On Jan 29
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..


Do your research before you talk.


I doubt Jindal Steel has $3 billion to invest in Nigeria's steel industry. Their total assets are only $8 billion. The government is about to repeat the same mistake with Pramod Mittal’s
How Billionaire Mittal’s Brother Got a $500 Million Bailout in Nigeria
Pramod Mittal’s firm won a settlement tied to a Soviet-era steel plant that has sucked up more than $7 billion in Nigerian public investment without producing any metal.


https://en.wikipedia.org/wiki/Jindal_Steel_and_Power

Operating income Decrease ₹4,485.49 crore (US$560 million) (2023)
Net income Decrease ₹3,974.09 crore (US$500 million) (2023)
Total assets Decrease ₹69,427.23 crore (US$8.7 billion) (2023)
Total equity Decrease ₹39,019.03 crore (US$4.9 billion) (2023)
Re: Nigeria And India Seal $7 Billion Investment Deal by Gerrard59(m): 2:14pm On Jan 29
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.

TopMan already refuted all of your points.

If you see failing Chinese investment, blame the Nigerians involved, not the Chinese.
Re: Nigeria And India Seal $7 Billion Investment Deal by Gerrard59(m): 2:15pm On Jan 29
COMPAQ:



Which Lagos - Ibadan high speed train service
Train that runs at 90kph!!??

You get what you pay for. You want high speed railway? Pay money for high speed railway.

Better soup, na money kill am.

2 Likes

Re: Nigeria And India Seal $7 Billion Investment Deal by sulaak(m): 2:23pm On Jan 29
ElSudani:
President Tinubu on track to make Nigeria work and thrive.

Olodo, Tinubu has no industrial strategy; foreign investment cannot fix Nigeria, especially from Indian companies. Indian companies have decimated the steel industries in Nigeria and UK. Where are Ajaokuta and Delta Steel today after the Indian takeover?



On 3 June 2006, Bolivia granted development rights for one of the world's largest iron ore reserves in the El Mutún region to Jindal Steel. With an initial investment of US$1.5 billion, the company plans to invest an additional US$2.1 billion over the next eight years in the South American country.[18]

Jindal Steel is likely to terminate the contract of investing $2.1 billion in setting up a steel plant in Bolivia, due to non-fulfilment of contractual obligations by the Bolivian Government.[19

]
Re: Nigeria And India Seal $7 Billion Investment Deal by bigiyaro(m): 2:28pm On Jan 29
grin grin grin watch Indians plunder and loot the nation's resources while remitting peanuts to some few govtment officials and politicians. I remember the last Indian deal, in which indians suck all the metals from Nigeria, worth billions but gave some few thousands to government officials that were surpossed surpervise and monitor them.
Re: Nigeria And India Seal $7 Billion Investment Deal by ElSudani: 2:30pm On Jan 29
sulaak:


Olodo, Tinubu has no industrial strategy; foreign investment cannot fix Nigeria, especially from Indian companies. Indian companies have decimated the steel industries in Nigeria and UK. Where are Ajaokuta and Delta Steel today after the Indian takeover?



You are the biggest Olodo proudly displaying your ignorance on a public forum. Foreign investment cannot fix Nigeria! How did you think China was able to develop fast, by Chinese money alone?
Is Ajaokuta a foreign investment? Is Delta steel a foreign investment? You don't even know what you are talking about and you have the audacity to call someone Olodo.
Do you even understand how Indians got involved in Ajaokuta? SMH for folks like you on nairaland.

1 Like

Re: Nigeria And India Seal $7 Billion Investment Deal by sirgalahad26(m): 2:51pm On Jan 29
Gadafii:
so there is a train coach manufacturing firm in ogun state and Lagos state govt still went ahead to buy coaches for the blue rail from the United States

It’s either you are lying or Lagos state govt wanted to siphone funds
you could have just copied that line and paste it on Google even if you do not know about the plant but you want to embarass yourself grin grin grin

2 Likes

Re: Nigeria And India Seal $7 Billion Investment Deal by Draslo(m): 3:02pm On Jan 29
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.
Why are you wasting your time replying these morons? Nothing you say will change their mindset

1 Like

Re: Nigeria And India Seal $7 Billion Investment Deal by justmondris: 3:13pm On Jan 29
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?

Don't mind them. They don't even know that Lekki's deep sea port was built by China Harbour Engineering Company and Tolaram Group.
China built railway tracks for them and they decided to use Boko haram to blow it up.



Ignoramus talking crap.

1 Like

Re: Nigeria And India Seal $7 Billion Investment Deal by BJanta: 3:13pm On Jan 29
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.

There are largely illiterate Ibi spare ports sellers they know absolutely nothing, and they think everyone is brainless and primitive as they are. As they are failure in everything except drug trafficking and other hand crimes, it's their ardent desire and pursuit for everything and everyone to be a failure . But wel still for dealing with him.

1 Like

Re: Nigeria And India Seal $7 Billion Investment Deal by pargelenis(m): 3:32pm On Jan 29
Topman7:
… This was revealed by Indian ambassador to Nigeria, Mr Balasubramanian
I get the feeling you also need to do the head shake as you pronounce this
Re: Nigeria And India Seal $7 Billion Investment Deal by sulaak(m): 4:07pm On Jan 29
ElSudani:


You are the biggest Olodo proudly displaying your ignorance on a public forum. Foreign investment cannot fix Nigeria! How did you think China was able to develop fast, by Chinese money alone?
Is Ajaokuta a foreign investment? Is Delta steel a foreign investment? You don't even know what you are talking about and you have the audacity to call someone Olodo.
Do you even understand how Indians got involved in Ajaokuta? SMH for folks like you on nairaland.

Olodo Rabata

What is Tinubu's industrial strategy? Does Nigeria have electricity, a good university, and skilled workers?

How Billionaire Mittal’s Brother Got a $500 Million Bailout in Nigeria
Pramod Mittal’s firm won a settlement tied to a Soviet-era steel plant that has sucked up more than $7 billion in Nigerian public investment without producing any metal.


https://www.bloomberg.com/news/articles/2023-11-17/how-lakshmi-mittal-s-younger-brother-got-a-massive-nigerian-bailout
Re: Nigeria And India Seal $7 Billion Investment Deal by NOwazobia: 4:33pm On Jan 29
This administration has been sealing deals since they got into office while the economy has been plummeting with all the numerous deals. undecided
Re: Nigeria And India Seal $7 Billion Investment Deal by coleon(m): 4:48pm On Jan 29
Gadafii:
so there is a train coach manufacturing firm in ogun state and Lagos state govt still went ahead to buy coaches for the blue rail from the United States

It’s either you are lying or Lagos state govt wanted to siphone funds
Of course even he himself knows he's lying.
He's just a drowning man clinging to any straw to sound good.
That coach manufacturing plant has never produces one coach of train since inception. It's just the usual smokescreen to cover up looting by the government and their Chinese collaborators.

1 Like

Re: Nigeria And India Seal $7 Billion Investment Deal by ElSudani: 4:58pm On Jan 29
sulaak:


Olodo Rabata

What is Tinubu's industrial strategy? Does Nigeria have electricity, a good university, and skilled workers?


Coming from someone who doesn't know zilch about foreign investment.
You wear your ignorance with pride. Good job, asking dumb questions like what can foreign investment do for Nigeria!

1 Like

Re: Nigeria And India Seal $7 Billion Investment Deal by commoditiesnig: 5:37pm On Jan 29
Re: Nigeria And India Seal $7 Billion Investment Deal by Topman7: 5:44pm On Jan 29
coleon:

Of course even he himself knows he's lying.
He's just a drowning man clinging to any straw to sound good.
That coach manufacturing plant has never produces one coach of train since inception. It's just the usual smokescreen to cover up looting by the government and their Chinese collaborators.

Pea brain.

Your problem is you are thick.

And you think everyone here is a dunce like you.

Waste of space.

I won’t bother educating you on the plant. Believe what you want to believe.
Re: Nigeria And India Seal $7 Billion Investment Deal by Litmus: 7:33pm On Jan 29
Blacks can be so simple atimes. Blacks will let thire personal or micro circumstances influence thire international or macro strategy. For instance, blacks will be influenced against their own kind or against their overall racial interest by thire marriage or great friendship with people of other races. Other races don't act similar. The fact that they love you as a black individual for saving their lives will not prevent them from acting in the interest of thire wider racial group by nuking your entire race if need be.

Indians are facilitators of racism towards black and blacks shouldn't forget this. We are better positioned with the Chinese.

Ps

Oga Indian, I know you're reading. I know what you did. Evil doesn't go unpunished.
Re: Nigeria And India Seal $7 Billion Investment Deal by aribisala0(m): 7:35pm On Jan 29
We know our real friends
Serious people who come to do serious business. Not to preach.
Re: Nigeria And India Seal $7 Billion Investment Deal by sulaak(m): 10:05pm On Jan 29
ElSudani:


Coming from someone who doesn't know zilch about foreign investment.
You wear your ignorance with pride. Good job, asking dumb questions like what can foreign investment do for Nigeria!

The first layer of investment is local investment by the government and then people, then the Nigerian diaspora to partner with any external.
Investors. Desperate countries like Nigeria end of with poor investors that creat more problem than solution such as the PI&grin investors


First, I suggest you watch the asianometry.com podcast on how Taiwan built its semiconductors via the support of the government strategy, local entrepreneurs and skilled diaspora. No country, including China, runs around begging for investment and succeeds.


https://www.youtube.com/watch?v=mN7CWi1tbH4
Re: Nigeria And India Seal $7 Billion Investment Deal by ElSudani: 5:32am On Jan 30
sulaak:


The first layer of investment is local investment by the government and then people, then the Nigerian diaspora to partner with any external.
Investors. Desperate countries like Nigeria end of with poor investors that creat more problem than solution such as the PI&grin investors


First, I suggest you watch the asianometry.com podcast on how Taiwan built its semiconductors via the support of the government strategy, local entrepreneurs and skilled diaspora. No country, including China, runs around begging for investment and succeeds.


https://www.youtube.com/watch?v=mN7CWi1tbH4

General Instruments in 1966, then followed by Philips and Texas Instruments. You probably think in your warped estimation that these are Taiwanese companies. Olodo, you can even make the connection between these foreign companies, the foreign experts and the acquisition of the semiconductor technology by Taiwan.
When you deride foreign investment and you are backing it up with evidence of another country that acquired their technology through foreign investments what does that make you?

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