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India To Invest $5bn In Nigeria

President Muhammadu Buhari has welcomed the proposed investment of $5billion in the Nigerian economy by the business delegation that accompanied the Vice President of India, noting that India had already invested $10 billion in the economy.

According to a statement by his senior special assistant on media, Garba Shehu, President Buhari said Nigeria will continue to expand its relationship with India in the areas of health, education, agriculture, technology and trade.

Receiving the Indian Vice President, Mohammad Hamid Ansari, at the State House, President Buhari 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.

President Buhari said Nigeria would emulate the Asian country’s agricultural model and capacity to feed its one billion population, and also export to other countries, describing the country as “sustainable and prosperous’’.

The President noted that Nigeria would continue to support the reform of the United Nations 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 his country, which is the leading buyer of Nigeria’s crude oil, will increase its purchase of the commodity in addition to natural gas.

According to him, the relationship between Nigeria and India is near perfect as both countries ‘‘have nothing to quarrel about’’.

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  • Mezzy Gilbert

    Indians wey dey come here dey enslave people, jigbiti na their middle name

  • Justice Elmer

    Nigeria is the place to invest buh most of them they dan know

  • Justice Elmer

    Let them keep coming

  • Justice Elmer

    The President has done well pulling them down here

  • Justice Elmer

    That’s good..

  • emekachilaka

    India ok o but me to work with those people na by his grace

    • Mezzy Gilbert

      They re not good

      • emekachilaka

        am telling you very heartless people

  • IG: Jiafid

    Good

  • kayode akinsanya

    Not bad, I hope the agreement is solid not that they’re planning to enslave us

  • Hmmm I hope it’s worth it

  • Cornel Nwankwo

    I still wonder when Nigeria as a country will explore Her Agricultural models and capacity to feed its 140 million population and also be able to export some produce to other countries why The world will regard us as a country that has a Sustainable economy with agriculture; Definitely not in this era of Our authorities depending too much on Oil sector.

    Attractions of foreign investors is good but they should have some limits to which they exercise their rights over Nigerian workers in their organisations and firms.

  • WillieBravo

    Indians exploit too much that’s my problem with them

    • Mezzy Gilbert

      Dem no no wetin common man dey c foe were Indians dey

      • WillieBravo

        That is where the NLC has failed us. They see the injustice done to the Nigerian worker by these foreigners but choose to turn a blind eye. It’s pathetic!

  • Olovo Obinna

    We should not just open hands for them to come invest….nigeria is a fertile land for investors with vision to make exploit n increase their finance,,but FG should outline procedures n standards investors must stick with…no be a situation where an Indian man go invest and start treating their Nigerian workers as slave while their incompetent Indian brothers Smile home with huge salary every month…

    • Mezzy Gilbert

      Na them kill delta steel company

      • Olovo Obinna

        Ah..i fine work tire for that company oh…..