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Buhari welcomes $5bn investment from India

Buhari welcomes $5bn investment from India
September 28
09:46 2016
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President Muhammadu Buhari on Tuesday welcomed the proposed $5 billion investment in Nigeria by visiting Indian business delegation, led by Indian Vice-President Hamid Ansari.

According to a statement issued by Garba Shehu, Buhari’s senior special assistant on media and publicity, the president made the remark when he received Ansari at the state house, Abuja.

Shehu quoted Buhari as saying “India has already invested 10 billion dollars in the Nigerian economy.

“Nigeria will continue to deepen its relationship with India in the areas of health, education, agriculture, technology and trade.”

Buhari also said Nigeria had over the years benefited from the cooperation of the Asian country in trade and investment, agriculture, technology and the fight against terrorism.

According to him, Nigeria will emulate India’s agricultural model and capacity to feed its one billion population, and also export to other countries, describing the country as “sustainable and prosperous’’.

Buhari noted that Nigeria would continue to support the reform of the UN Security Council, pointing out that it was unfair on the rest of the world for five countries to exercise power of ‘‘yes or no’’ in the UN.

In his remarks, the Indian Vice-President said that his country, which was the leading buyer of Nigeria’s crude oil, would increase its purchase of the commodity in addition to natural gas.

He said the relationship between Nigeria and India was near perfect as both countries ‘‘have nothing to quarrel about.”

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1 Comment

  1. Annu
    Annu September 28, 16:49

    Nigeria should open consulates in India instead of having only an Embassy in the capital of New Delhi; people living away from the capital will not have to come all the way to get their visas. Nigeria should reduce the visa fees which today stands at $253 which is a lot of money.

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