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With 150 Companies and $27b Investment in Nigeria, India Interested in More, Says Envoy
With 150 Companies and $27b Investment in Nigeria, India Interested in More, Says Envoy
By: Michael Mike
About 150 Indian companies have invested more than US$27 billion in Nigeria in the last four decades, the Indian High Commissioner to Nigeria, Gangadharan Balasubramanian has revealed.
Balasubramanian made the disclosure in his address at the anniversary celebration of the 75th Republic Day of India, organised by the Indian mission on Friday night in Abuja, noting that India remains interested in investing more in Nigeria.
The envoy while describing relations between India and Nigeria as excellent, said India will continue to play significant role and contribute to the global good, adding the recently concluded Indian Presidency of G20 showcased the country’s readiness to effectively play a global role.
He said India stand shoulder-to-shoulder with Nigerian friends in the joint journey towards development and that the Government of India is committed to further strengthening such ties.
Balasubramanian also said: “India and Nigeria enjoy strong and historical relations. With the ties dating back to before Nigeria’s independence, our bilateral relations have been nurtured by the leadership of both the countries.
“Our economic and trade relations are strong and growing. Currently nearly 150 Indian companies with an investment of 27 billion dollars are in Nigeria, mainly in the manufacturing sector and employ the largest number of people after the Federal Government.
He noted that: “Owing to the special relationship, India had invited Nigeria as a Guest Country during her presidency of G20. We had a memorable visit of President Bola Tinubu to the G20 Summit in September, 2023 that consolidated the ties further.
“Out of the 14 billion dollars promised during this visit as investment into Nigerian economy, 7 billion dollars has already been signed immediately after the visit.”
The envoy reiterated his country’s commitment to deepen the India-Nigeria ties in terms of the recent visit by India External Affairs Minister, Dr. Subrahmanyan Jaishankar for the Joint Commission meeting held in Nigeria.
The envoy attributed progress made by his country to the working of his country’s Constitution adopted in 1950, saying from the end of the last century till now, India has become one of the fastest growing emerging economies.
He said: “Today with more that 3.7 trillion dollars GDP, her economy is the fifth largest in the world. Education, health and economy have been consistent targets of successive governments in India resulting in all round improvement of standard of living of Indian citizens.
“We run one of the world’s largest health insurance schemes, made education a fundamental right, continue with the biggest welfare initiative in providing food grains to significant percentage of Indian citizens, increased the paying capacity of the people and provided equal opportunities to all.
“We have drawn up schemes to uplift the vulnerable and on gender equality, passed legislation providing 33per cent reservation for women in parliament, to name a few.
“Starting from 1964, we have been providing scholarship for a large number of short-term courses under the Indian Technical and Economic Partnership to people around the world.
“We have become significant development partner through Lines of Credit and Grants-in-Aid to the global south, which today stands at 39 billion dollars, which includes more than 12 billion dollars to Africa,” he added.
Also speaking at the occasion, Nigeria’s Minister of Foreign Affairs, Ambassador Yusuf Tuggar, who was represented by Ambassador Alex Kefas, Director of Europe and Regions in the ministry, said Nigeria-India cordial and friendly relations dates back to 1958.
According to him, the bond between the two countries is deep and can be characterized by historical and cultural connections strengthened through our shared struggle for independence, which formed basis for their partnership.
“The state of Nigeria-India economic relations has seen remarkable improvement in recent years. Trade volume between the two countries has increased significantly.
“India is now Nigeria’s largest trading partner in Africa and the highest importer of Nigeria’sCrude Ol. Similarly, Nigeria is India’s largest trading partner in A fica.
“Bilateral trade between both countries in the last two years amounted to approximately 14.95 billion dollars in the formal sector and about USD 5 billion in the informal sector,” Tuggar said.
He said Nigeria will continue to open its door for collaboration with India as pathway to advance cordial relationship and between both countries.
The event attracted Gov. Uba Sani of Kaduna State, Mrs. Hannatu Musawa, Minister of Art, Culture and Creative Economy, Dr Jamila Ibrahim, Minister of Youth Development, Mrs. Pauline Tallen, former Minister of Women Affairs and diplomats, among others.
With 150 Companies and $27b Investment in Nigeria, India Interested in More, Says Envoy
2026 teachers’ summit: Zulum stands in for NGF chair, commends FG for NELFUND
By: Michael Mike
Borno State Governor, Prof. Babagana Umara Zulum, on Monday, attended the National Teachers’ Summit held at the Banquet Hall of the Presidential Villa, Abuja, where he stood in for the Chairman of Nigeria Governors’ Forum (NGF).
Governor Zulum commended the Federal Government for its strategic investments in education, citing the positive impact of Students Loan Scheme, the strengthening of key educational institutions, and the upward review of salaries for federal university teachers as evidence of a clear policy direction aimed at revitalising the sector.
The Governor reaffirmed his administration’s unwavering commitment to educational development and human capital advancement in Borno State.
The summit, convened by the Federal Ministry of Education, provided a strategic platform to review the state of Nigeria’s education sector, strengthen policy implementation, and formally launch “Edu Revamp”, a platform to enhance teacher capacity, utilise digital tools for 21st-century skills, and foster collaboration to improve learning outcomes.
About 12 exemplary teachers were honoured for their outstanding service to the nation. Six teachers—one from each of the six geopolitical zones—from the Universal Basic Education Board (UBEB), alongside six secondary school teachers, received cash awards of ₦25 million each. The Overall Best Teacher award was presented to Mr Solanke Francis Taiwo, who received a cash prize of ₦50 million.
Governor Zulum commended the First Lady, Senator Oluremi Tinubu, for hosting the maiden National Teachers’ Summit at the Presidential Villa, describing the initiative as a clear demonstration of the Federal Government’s prioritisation of education.
He particularly applauded her sustained advocacy for girl-child education and her support through scholarships and grants that continue to reduce barriers to educational access for vulnerable Nigerians.
He also praised the Honourable Minister of Education, Dr Maruf Olatunji Alausa, and the Minister of State for Education, Prof. Suwaiba Said Ahmad, for their focused and reform-driven leadership.
2026 teachers’ summit: Zulum stands in for NGF chair, commends FG for NELFUND
News
Kyari Urges Fairer Global Trade Rules as Nigeria Participates in Cocoa Beyond Borders Conference in UK
Kyari Urges Fairer Global Trade Rules as Nigeria Participates in Cocoa Beyond Borders Conference in UK
By: Our Reporter
Nigeria is participating in the Cocoa Beyond Borders 2026 Conference in the United Kingdom, joining global policymakers, industry leaders, financiers, and farmer representatives to examine power imbalances and compliance challenges in the global cocoa sector.
Delivering a keynote address, Senator Abubakar Kyari, CON, Honourable Minister of Agriculture and Food Security of Nigeria, challenged existing trade and compliance regimes, stating that cocoa-producing nations “must not remain rule-takers in a system where the rules are made without their meaningful input.”
Speaking within the conference theme, “Rules Without Recourse? Navigating Compliance, Power, and Trade Justice in the Cocoa Sector,” the Minister warned that sustainability frameworks would fail if they undermine farmer livelihoods and national sovereignty, stressing that “compliance cannot be just if it weakens producer economies while protecting markets elsewhere.”
Senator Kyari also cautioned against the weaponisation of ESG and environmental regulations as non-tariff barriers, noting that climate action must advance alongside fairness and equity in global trade.
He reaffirmed Nigeria’s commitment to reclaiming value across the cocoa supply chain, emphasising the need for producing countries to move beyond raw exports to processing, branding, and greater market influence, while calling for stronger producer-led alliances to reshape global cocoa governance.
The two-day conference is examining ESG compliance, digital traceability, climate finance, price volatility, and the future of cocoa innovation, positioning cocoa as a strategic asset in global trade justice.
Kyari Urges Fairer Global Trade Rules as Nigeria Participates in Cocoa Beyond Borders Conference in UK
Armed robbery foiled by Bauchi Police, three suspects arrested in Bauchi
By: Zagazola Makama
Three persons were arrested following a foiled armed robbery along the Bauchi–Gombe Federal Highway in Kirfi Local Government Area of Bauchi State on Jan. 26.
Sources said the incident occurred at about 12:16 a.m. when armed robbers blocked the road near Kalajanga Hamlet via Bara Village.
Officers on routine patrol responded promptly, engaging the hoodlums and forcing them to abandon their operation and flee into the surrounding bush.
The trail of the robbers led authorities to the house of one Nasiru Ibrahim of Saddiya Hamlet, where two of his children, Isya Nasiru, 20, and Umar Nasiru, 18, were also arrested in connection with the case.
Recovered items included two sticks, a touch light, three bags, a local bullet-proof shirt, face masks, two pairs of shoes, an Oppo android phone, and several local charms.
Sources say Investigations are ongoing.
Armed robbery foiled by Bauchi Police, three suspects arrested in Bauchi
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