Nigeria has received an investment commitment of $14 billion from India covering various sectors, as stated by the Minister of Foreign Affairs, Yusuf Tuggar.
The announcement took place during the 5th Ministerial Press Conference in Abuja on Thursday.
Besides the investment from India, the nation has also obtained €250 million for domestic enterprises via the Netherlands.
Tuggar pointed out that the Federal Government saw an impressive 300 percent over-subscription for its latest Eurobond offering, which significantly strengthened the nation’s financial position.
Tuggar also mentioned that Nigeria has entered into strategic Memorandums of Understanding with ten nations to enhance bilateral ties.
The listed nations encompass Germany, Saudi Arabia, China, Equatorial Guinea, France, Cuba, Qatar, the United Kingdom, India, and Brazil.
These accords are designed to boost collaboration in crucial areas including energy, petroleum and natural gas, farming, and infrastructure development.
He stated, "Indian investors provided $14 billion through FG across various sectors."
Secured €250 million for Nigerian enterprises through Dutch funding.
For Nigeria's successful Eurobond issuance, a 300 percent over-subscription was attained.
Nigeria entered into strategic Memorandums of Understanding (MOUs) with countries including Germany, Saudi Arabia, China, Equatorial Guinea, France, Cuba, Qatar, the United Kingdom, India, and Brazil. These agreements aim to bolster critical areas such as energy, petroleum and natural gas, farming, and structural development.
Provided by Syndigate Media Inc. ( Syndigate.info ).
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