• About
  • Advertise
  • Contact
Friday, August 1, 2025
  • Login
Vital News
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security
No Result
View All Result
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security
No Result
View All Result
Vital News
No Result
View All Result
Home Business

Tinubu Secures $14bln Investment From India

Vital News by Vital News
September 6, 2023
in Business, Economy
0
Nigeria, India Sign $1bln Pact For Local Defence Production

President Tinubu making a speech during the roundtable discussion

Share on FacebookShare on Twitter

 

President Bola Tinubu has secured a $14 billion investment pledge from Indian companies.

The companies made the pledge during the Nigeria-India Presidential Roundtable and Conference in New Delhi, India.

President Tinubu told the captains of industry that Nigeria was ready to give them the best returns for investment possible, stressing that there is nowhere else like Nigeria.

Among the many new investment promises, Indorama Petrochemical Limited pledged a new investment of 8 billion dollars in the expansion of its fertilizer production and petrochemical facility in Eleme, Rivers State.

RelatedStories

Dangote Cement Set To Commission 3Mta Grinding Plant In Côte d’Ivoire

Dangote Says Tinubu’s Economic Policies Working, Reviving Private Sector

Aliko Dangote Retires From Dangote Cement Plc

Gov. Ododo Inspects Ultra- modern Market, Three Other Ongoing Projects In Lokoja

Jindal Steel and Power Limited, one of India’s largest private steel producers, committed to investing 3 billion dollars, following discussions with President Tinubu on the sidelines of the G-20 Summit in New Delhi, India.

Founding President of SkipperSeil Limited, Mr. Jitender Sachdeva announced that, following President Bola Tinubu’s personal intervention, he was investing 1.6 billion dollars in the establishment of 20 100MW power generation plants across the states of Northern Nigeria, amounting to 2,000MW of new power within the next four years.

Additionally, the President has approved the finalisation of a one billion dollar agreement to bring the Defense Industries Corporation of Nigeria (DICON) to 40 per cent self-sufficiency in local manufacturing and production of defense equipment by 2027, through a comprehensive new partnership with the Managing Arm of the Miltary-Industrial Complex of the Indian Government.

Another Indian firm, Bharti Enterprises, which is a major first-generation corporation in India with interests in telecom, space communications, digital solutions, insurance, processed foods, real estate, and hospitality, has expressed its commitment to invest an additional 700 million dollars in Nigeria, with work set to begin immediately.

Emphasising that under his leadership, agreements must now manifest in industries and jobs on the ground in Nigeria, President Tinubu expressed gratitude to Indian companies and individuals responding positively to his administration’s efforts to improve Nigeria’s macro-economic and investment climate.

Minister of Finance and Co-coordinating Minister of the Economy, Mr. Wale Edun, who addressed the roundtable themed, “Building Partnerships with Renewed Hope for a Diversified and Prosperous Economy,” thanked the Chairman of Jindal Steel and Power Limited, Mr. Naveen Jindau, for the new 3 billion dollar investment in iron ore processing and steel development in Nigeria.

Commending the Tata Group and many others who have immediately responded to Mr. President’s bold and decisive moves to correct the major systemic faults in the macro-economic and investment climate in Nigeria, the Finance Minister noted.

“I also wish to thank Mr. Sunil Bharti Mittal, Founder and Chairman of Bharti Enterprises, for his continued commitment to invest in the first phase at least $700 million dollars more in Nigeria,” Mr. Edun said.

Also, at the event, Nigeria’s Minister of Communication, Innovation and Digital Economy, Dr. Bosun Tijani, and his counterpart from India’s Ministry of Electronics and Information Technology signed a Memorandum of Understanding (MoU) for Co-operation in the field of Sharing Successful Digital Solutions, to be implemented at total population scale for digital transformation.

The Minister also signed a Memorandum of Understanding with Central Square Foundation for Co-operation in the field of Sharing Successful Ecosystems, which involves interventions relating to education technology, to be implemented at population scale for digital economic transformation.

Under the watch of Nigeria’s Industry, Trade and Investment Minister, Dr. Doris Uzoka-Anite, a third Memorandum of Understanding on Infrastructure Development was signed between the Infrastructure Corporation of Nigeria Limited (InfraCorp) and Invest India, the National Investment Promotion and Facilitation Agency of India, which helps investors looking for investment opportunities and options in India.

The Presidential Roundtable was attended by President Tinubu, Governor Dapo Abiodun of Ogun State; Amb. Yusuf Tuggar, Minister of Foreign Affairs; Dr. Bosun Tijani, Minister of Communications, Innovation, and Digital Economy; and Dr. Doris Uzoka-Anite, Minister of Industry, Trade, and Investment; along with industry leaders from both India and Nigeria.
(FRCN/vitalnewsngr.com)

 

Tags: G-20IndiainvestmentsTinubu
Previous Post

Nigeria, India Sign $1bln Pact For Local Defence Production

Next Post

Lagos Tasks Operators Of Orphanages On Best Practices

Vital News

Vital News

RelatedStories

Dangote Cement Set To Commission 3Mta Grinding Plant In Côte d’Ivoire
Business

Dangote Cement Set To Commission 3Mta Grinding Plant In Côte d’Ivoire

July 30, 2025
Dangote Says Tinubu’s Economic Policies Working, Reviving Private Sector
Business

Dangote Says Tinubu’s Economic Policies Working, Reviving Private Sector

July 27, 2025
Aliko Dangote Retires From Dangote Cement Plc
Business

Aliko Dangote Retires From Dangote Cement Plc

July 25, 2025
Gov. Ododo Inspects Ultra- modern Market, Three Other Ongoing Projects In Lokoja
Business

Gov. Ododo Inspects Ultra- modern Market, Three Other Ongoing Projects In Lokoja

July 24, 2025
FAAC Disburses N1.678trn February Revenue To FG, States, LGs
Economy

FAAC Shares N1.818trillion June Revenue Among FG, States, LGs

July 19, 2025
Next Post
Lagos Tasks Operators Of Orphanages On Best Practices

Lagos Tasks Operators Of Orphanages On Best Practices

June 12 : Bello Salutes Founding Fathers Of Nigeria’s Democracy, Says Their Efforts Will Not Be In Vain

Bello Congratulates Tinubu, Shettima On Tribunal Victory

Revitalizing Roads : A Pledge and Progress For Yewa North’s Connectivity by Tayo Mabeweje

Abiodun Congratulates Tinubu, Shettima over Tribunal Verdict

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Follow Us

Recommended

Alia : Laying Foundation For Bountiful Harvest In Benue by Bridget Ikyado

No Plan To Leave APC , Says Benue Governor Alia

2 years ago
WHY FLOATING THE NAIRA IS NOT A GOOD IDEA by Kola Asatola Asanike

WHY FLOATING THE NAIRA IS NOT A GOOD IDEA by Kola Asatola Asanike

2 years ago
Gov. Ododo Commiserates With Oyo Over Death Of 35 Children In Stampede

Kogi : Ododo Came Into Office Well Prepared – Spokesman

7 months ago

Nigeria Realises N799bn Oil Revenue In Q1 2022 – CBN

3 years ago

Instagram

    Please install/update and activate JNews Instagram plugin.

Categories

  • Agriculture/ Water/ Mineral
  • Aviation
  • Business
  • Crime
  • Culture
  • Economy
  • Education
  • Entertainment
  • Environment
  • Football
  • Foreign
  • Gender
  • Health
  • Judiciary
  • Labour
  • National
  • News
  • Oil & Gas
  • Opinion
  • Opinion
  • Politics
  • Power
  • Religion
  • Security
  • Sports
  • Transport
  • Uncategorized

Topics

Abiodun Abuja APC arrest Atiku Bandits Bello Benue Buhari CBN cement Court Dangote death dies drugs Economy EFCC Election elections FG gunmen Hajj INEC Kano kidnap Kill Kogi Kwara Lagos NDLEA Niger Nigeria Ododo Ogun Oyo PDP Police Power refinery rescue road Security students Tinubu
No Result
View All Result

Highlights

Hafsoh Killer, Abdulrhaman Bello To Die By Hanging, Court Discharges, Acquits 4 Others

FG Seeks Partnership With Dangote Cement To Bridge Housing Gap

Canada Announces Plan To Recognise Palestinian State By September

Governor Alia Dissolves Benue Executive Council, Appoints New Chief of Staff

Dangote Cement Set To Commission 3Mta Grinding Plant In Côte d’Ivoire

Abdulrahim Thanks Governor Ododo Over Appointment as Governing Council Chairman Of Kogi College Of Nursing

Trending

NUC Team Pays Revalidation Visit To FUOYE, Lauds Visible Transformation Of Distance Learning Institute
Education

NUC Team Pays Revalidation Visit To FUOYE, Lauds Visible Transformation Of Distance Learning Institute

by Vital News
August 1, 2025
0

A delegation from the National Universities Commission (NUC) has paid a revalidation visit to the Distance Learning...

Work Ongoing To Re-Erect Three Towers Along Kainji-Birnin Kebbi Transmission Line – TCN

FG Awards Contracts Worth N68.7bln For Power Projects In Universities, Teaching Hospitals

July 31, 2025
Ododo Applauds President  Tinubu, Minister Of Works Over Ongoing Reconstruction, Expansion Of Abuja–Lokoja Highway

Ododo Applauds President Tinubu, Minister Of Works Over Ongoing Reconstruction, Expansion Of Abuja–Lokoja Highway

July 31, 2025
Hafsoh Killer, Abdulrhaman Bello To Die By Hanging, Court Discharges, Acquits 4 Others

Hafsoh Killer, Abdulrhaman Bello To Die By Hanging, Court Discharges, Acquits 4 Others

July 31, 2025
FG Seeks Partnership With Dangote Cement To Bridge Housing Gap

FG Seeks Partnership With Dangote Cement To Bridge Housing Gap

July 31, 2025
ADVERTISEMENT
Vital News

Vital News is an online newspaper with a mission to uphold professional journalism by reporting and publishing only facts and figures-based news reports across Nigeria and beyond.

Recent News

  • NUC Team Pays Revalidation Visit To FUOYE, Lauds Visible Transformation Of Distance Learning Institute August 1, 2025
  • FG Awards Contracts Worth N68.7bln For Power Projects In Universities, Teaching Hospitals July 31, 2025
  • Ododo Applauds President Tinubu, Minister Of Works Over Ongoing Reconstruction, Expansion Of Abuja–Lokoja Highway July 31, 2025

Categories

  • Agriculture/ Water/ Mineral
  • Aviation
  • Business
  • Crime
  • Culture
  • Economy
  • Education
  • Entertainment
  • Environment
  • Football
  • Foreign
  • Gender
  • Health
  • Judiciary
  • Labour
  • National
  • News
  • Oil & Gas
  • Opinion
  • Opinion
  • Politics
  • Power
  • Religion
  • Security
  • Sports
  • Transport
  • Uncategorized

© 2022 Vital News - . All Rights Reserved.

No Result
View All Result
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security

© 2022 Vital News - Vital News by Vital News.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In