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Nigeria, India Make Commitments To Scale Up Economic Ties

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Nigeria, India Make Commitments To Scale Up Economic Ties

Nigeria, India Make Commitments To Scale Up Economic Ties

By: Michael Mike

Nigeria and India have made commitments toward scaling up economic ties to enhance investments in Nigerian government economy and create jobs for teeming Nigerian youths.

Both countries made the commitments on Wednesday at the commemoration of the 73rd Republic Day of India hosted by the Indian High Commission in Abuja.

Speaking at the event, the Acting Executive Secretary, Nigerian Investment Promotion Commission (NIPC), Mr Emeka Offor, said that the NIPC is leveraging on the strategic partnership between Nigeria and India to diversify the economy, create more jobs and wealth.

He said: “India is of strategic importance to Nigeria Investment Promotion Commission and indeed Nigeria, as a result of the similarities we share together as countries in terms of socio-economic development. 

“We went through a diligent process to identify 20 countries that we consider to be of strategic importance to Nigerian economic development and India is one of the 20 countries that we identified. 

“Based on that, NIPC will now begin to deepen relationships with those countries, especially India for the purpose of developing an investment promotion arrangement with them. So that we can attract investors from India into Nigeria and if Nigeria also wants to invest in India, they should be free to do that.”

Offor added: “That is why we want to deepen that relationship but our focus is mainly on attracting investments from India to Nigeria to create jobs, to create wealth, develop the investment landscape in Nigeria.”

He also said that taking cognizance of Nigeria’s quest to diversify the economy and reduce total reliance on oil, NIPC is consulting with India on developing the ICT sector.

Offor said: “Following the pandemic, ICT was one of the sectors that did very well and we regard them as winner because a lot of things can be done using technology.

“So that is why we see a lot of tractions in areas like ICT, e-commerce, health- tech, amongst others. 

“We are leveraging on the relationship we have with India to attract as much tractions to Nigeria’s ICT space from India.”

India’s Acting High Commissioner to Nigeria, Mr Velagaleti Surendra, said that Nigeria remains India’s most strategic partner in Africa and India is ready to support Nigeria in growing its economy.

Surendra said that India is also working on diversifying its investments in renewable energy exploring new areas to diversify its investments in Nigeria 

He added that the High Commission also invited the Nigeria Investment Promotion Commission and the private sector to the event considering how key they are to diversifying Nigeria’s economy.

Also Read: NNS arrests 20 foreigners, intercept two wooden boats…

He said: “One potential area we see is in renewable energy because there is a lot of interest in Nigeria in solar energy, setting up of solar plants and even in the agricultural sector. 

“We see that renewable energy is a major growth opportunity for both countries and of course in areas of health, setting up of hospitals, in education, setting up for institutes of educations, learning centers. 

“So the opportunities are endless and we hope to see much collaborations between both countries. 

“Nigeria is the largest trading partner of India in African Region, Nigeria is one of the most important energy partners for us, and Indian investments are strong in Nigeria.”

He revealed that: “We have more than 135 companies in various sectors, pharmaceuticals, power, vehicles and lots more. 

“We see that there are potentials for more collaborations between the two countries because Indian industries are here to be part of your growth story.”

Nigeria, India Make Commitments To Scale Up Economic Ties

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Nigeria@65: FG’s programmes improving welfare of Nigerians- NOA

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Nigeria@65: FG’s programmes improving welfare of Nigerians- NOA

The National Orientation Agency (NOA), on Wednesday said that the Federal Government’s programmes and policies under President Bola Tinubu-led administration were improving the welfare of Nigerians.

Mrs Adaline Patari, the State Director of NOA, Gombe State office, stated this shortly after a road show to mark Nigeria’s 65th Independence Day anniversary in Gombe.

Patari said that programmes and policies of Tinubu-led administration had supported many Nigerians from the student’s loan to conditional cash transfer to support to small businesses amongst others.

She stated that the initiatives by the present administration had restored hope and put the country amongst serious countries pursuing better reforms to improve their economy while revamping infrastructure.

According to her, many undergraduates benefitting from the student’s loan scheme which has removed all financial hindrances impeding access to tertiary education now feel a sense of belonging.

She said that the programmes and policies of the Federal Government have benefitted many households and improved their welfare in line with the Renewed Hope Agenda of President Tinubu.

“The reforms of the Federal Government are working and many persons are proud to be Nigerians and more persons are now trying to do the right things as Nigerians.

“People are beginning to see themselves as proud Nigerians and that confidence of being a Nigerian is being restored.

“Today, many Nigerians are benefitting from the programmes of the current administration, this means that the country is now working for them,” she said.

While acknowledging that there were still challenges that needed to be addressed, Patari said, at 65, we have made tremendous progress especially working together in peace and unity.

She urged Nigerians to continue to support Tinubu administration’s programmes towards building a better country that works for all Nigerians.

The state director said that with the necessary reforms being carried out and already yielding results in the economic, agriculture, security and other sectors, more Nigerians would be prouder to be Nigerians in the future.

“Today, the country is progressing and we are united; we are now prouder to be Nigerians and I can tell you that the labour of our heroes past, indeed is never in vain,” she added.

Commending the contributions of youths to national development, Patari urged them to have a positive mind-set towards Nigeria and to always express optimism of a better Nigeria for everyone.

Patari also lauded the renewed strength with which NOA under the Director General of the agency, Malam Lanre Issa-Onilu was being driven.

She said that government’s policies and programmes were getting more supports from Nigerians because of the constant engagements of Nigerians by the NOA nationwide.

The event also featured sensitisation of residents on Federal Government’s policies, programmes and the need for the people to support the current administration’s Renewed Hope Agenda

Nigeria@65: FG’s programmes improving welfare of Nigerians- NOA

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Nigeria, European Union hold inaugural Trade and Investment Dialogue

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Nigeria, European Union hold inaugural Trade and Investment Dialogue

By: Michael Mike

Senior Government officials of the Federal Republic of Nigeria and the European Union (EU) have today met in Abuja to assess the vibrant economic partnership between the two parties and chart a way forward.

The inaugural Nigeria-EU Senior Officials Trade and investment Dialogue (TID) was anchored by the Permanent Secretary, Federal Ministry of Industry, Trade and Investment (FMITI), Ambassador Nura Abba Rimi, and Director of the European Commission’s Directorate-General for Trade and Economic Security (DG TRADE), Ms Dora Correia,

The Minister of Industry, Trade and Investments, Dr. Jumoke Oduwole, and the EU Ambassador to Nigeria and ECOWAS, Gautier Mignot,, welcomed the launch of the Dialogue, which they said underscored the growing importance attached to trade and investment in the EU-Nigeria partnership.

This Senior Officials’ meeting marks an important step in strengthening the trade and investment partnership between the EU and Nigeria, and provided opportunity for the officials to exchange views on areas of mutual interest; address potential challenges and explore opportunities for further collaboration.

Discussions focused on a range of issues, including trade and investment policy, cooperation on market access barriers and requirements, preferential trade and investment arrangements, investment, collaboration within the World Trade Organization (WTO), regulatory measures that could impact trade and investment, and the identification of trade and investment-related development cooperation areas.

Both sides expressed their interest to continue the Dialogue, with the second TID billed to take place in Brussels, Belgium, in 2026, on a date to be jointly decided.

Nigeria, European Union hold inaugural Trade and Investment Dialogue

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FG Declares Wednesday, Oct. 1 Public Holiday to Marks 65th Independence Anniversary

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FG Declares Wednesday, Oct. 1 Public Holiday to Marks 65th Independence Anniversary

By: Michael Mike

The Federal Government has declared Wednesday, 1st of October as a public holiday to commemorate Nigeria’s 65th Independence Anniversary.

The Honourable Minister of Interior, Hon. Olubunmi Tunji-Ojo, who made the declaration on behalf of the Federal Government, congratulated all Nigerians both at home and in the diaspora on this historic occasion.

Tunji-Ojo, in a statement by the Permanent Secretary, Ministry of Interior, Dr. Magdalene Ajani, enjoined citizens to continue to uphold the patriotic spirit, unity, and resilience that have sustained the nation since independence in 1960.

He urged Nigerians to further keep faith in the Renewed Hope Agenda of President Bola Tinubu, which is anchored on national rebirth, economic transformation, and collective prosperity.

The Minister expressed confidence that, with the cooperation of all Nigerians, the country will continue to grow stronger in peace, progress, and development.

He wished Nigerians a happy and memorable 2025 Independence Day celebration.

FG Declares Wednesday, Oct. 1 Public Holiday to Marks 65th Independence Anniversary

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