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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
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VP Shettima’s Agricultural Assessment Visit To Ethiopia

VP Shettima’s Agricultural Assessment Visit To Ethiopia
By: Our Reporter
An agricultural economist by training whose love for agricultural transformation and development has never been hidden, as demonstrated recently when he visited the International Institute of Tropical Agriculture (IITA) in Ibadan for an on-the-spot assessment of the Institute’s crops and resource potentials, Vice President Kashim Shettima today embarked on an assessment of the popular Adama Industrial Zone near Addis Ababa in Ethiopia.
Farms visited by the Vice President for the on-the-spot assessment included the Adama Dairy Farms, Luke Avocado Nursery site, Shera Dibandiba Mojo Family Integrated Farm, Biyyo Poultry Farm, and the Bishoftu Pea Farm.
While speaking on areas of agricultural collaboration between both countries, the Vice President ordered specialised coffee beans seeds for massive production in Nigeria while also directing the immediate training of selected Nigerian agricultural extension farmers on the production of specialized avocado seedlings for the Nigerian market.
VP Shettima also sought an exchange of mechanisation technologies between both countries, stressing that the potential of both Nigeria’s and Ethiopia’s agricultural sectors was capable of capturing world markets, especially when fully harnessed and exploited.
VP Shettima’s Agricultural Assessment Visit To Ethiopia
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Leboku-in-Abuja 2025 Festival Celebrates New Year Festival to Bolster Nigeria’s Rich Cultural Heritage

Leboku-in-Abuja 2025 Festival Celebrates New Year Festival to Bolster Nigeria’s Rich Cultural Heritage
By: Michael Mike
One of the nation’s most celebrated events, the New Year Festival would berth in Abuja, the Federal Capital Territory (FCT) as the Kedei Seh Umor-Otutu, in collaboration with the Federal Ministry of Arts, Culture, Tourism and Creative Economy stage the Lenoku-in-Abuja 2025.
It promises to bolster Nigeria’s cultural heritage and showcase the rich cultural heritage of the Yakurr people in Cross River, the South-South and South-East in the nation and the world at large.

Addressing a pre-festival press conference in Abuja, President of Kedei Seh Umor-Otutu, a community-based association, Queency Patrick said the forthcoming festival with the theme: “A celebration of heritage, unity and harvest,” is one of the kind.
She explained that Lenoku-in-Abuja 2025 is an internationally acclaimed New Yam festival that is celebrated on August 30 in Abuja, under auspices of Kedei Seh Umor-Otutu, an association of Ugep people living in the FCT.

Patrick said: “Leboku-in-Abuja-2025 aligns with national goals of cultural preservation, inter-ethnic harmony and in promoting Nigeria as a cultural destination.
“The Federal Capital Territory provides the ideal backdrop to unite heritage and modernity, welcoming all who believe in peace, identity and pride of origin.

“For us, it is not just a cultural event, it is a call to national unity, peace and cultural tourism development.
“It is also an opportunity for us to showcase the rich cultural heritage of the Yakurr people in Cross River, the South-South and South-East in the nation and the world at large.”
She further explained that: “The event fosters appreciation of Nigeria’s diverse ethnic-root and culture. Leboku-in-Abuja is more than a festival, it is a stage for celebrating our cultural identity, building bridges through tradition and encouraging investment in the creative economy and tourism sector.”

According to her, Mr Obi Asika, DirectorGeneral/CEO of the National Council for Arts and Culture, had in a letter which formally endorsed the association’s collaboration with government described Leboku-in-Abuja, as annual New Yam Festival celebrated in Abuja by Yakurr people of Cross River.
Patrick further quoted him by saying the Leboku festival, deeply rooted in the traditions of the Yakurr people of Cross River, has long been a symbol of unity, celebration, and agricultural prosperity.
Asika, in the letter noted that: “Bringing this renowned festival to Abuja will provide a unique opportunity for cultural exchange, tourism development, and deeper appreciation of our diverse traditions.
“It aligns with the Federal Government’s Renewed Hope Agenda and NCAC’s mandate to promote arts and culture, as essential drivers or Nigeria’s creative economy,” Asika added.

Patrick revealed the event would provide platform for public lecture, economic empowerment, traditional food festival, cultural and arts exhibition, sports, agriculture, trade and tourism development.
The event scheduled to hold at the Bolton White event centre, Wuse Zone 7, Abuja is centered on promoting unity and peace with the toga: “One Yam, One People.”
Leboku-in-Abuja 2025 Festival Celebrates New Year Festival to Bolster Nigeria’s Rich Cultural Heritage
News
Crisis brews in Gombe SDP as Yakubu emerges acting chairman

Crisis brews in Gombe SDP as Yakubu emerges acting chairman
The Gombe State chapter of the Social Democratic Party (SDP) has appointed a new chairman, Aaron Yakubu to serve in acting capacity following the suspension of its state chairman, Comrade Adamu Abubakar Modibbo, over allegations of mismanagement, lack of transparency, and misuse of party resources.
His suspension was announced at a news conference held in Gombe on Saturday by the party’s Welfare Secretary, Usman Yahaya, on behalf of concerned members of the state executive.
Reading the statement, Yahaya said there were countless complaints against the now suspended chairman, whom he said had side-lined party stakeholders and running the party like his personal property.
“Since Comrade Modibbo assumed office, the party has experienced no meaningful progress. Instead, the leadership claims he has used his position to witch-hunt loyal stakeholders and frustrated committed party members for his personal gain.”
He accused Modibbo of systematically “caging” the party’s executive members and aspirants, depriving over 90% of both returning and newly acting executive members of access to official SDP membership cards.
He further alleged that the selection of party candidates has been done without due process or consultation, with names being announced solely via national platforms involving prominent figures like Malam Nasir El-Rufai, thereby side-lining the state executive.
Yahaya also accused the suspended chairman of allegedly using his personal residence as the de facto party office.
This, the executives say, violates proper procedures and comes despite funds being made available to renovate the official state party office and rent offices across the local government areas.
“As it stands, the SDP in Gombe State does not have a functional or recognised operational office,”
In the light of the above weighty and numerous allegations against Modibbo, the Welfare Secretary said that the Gombe State chapter of the party has taken decisive action by suspending Comrade Adamu Abubakar Modibbo as chairman with immediate effect.
“In this regard, we hereby announce that the current State Secretary of the party, Mr. Aaron Yakubu, will now serve as the Acting State Chairman of the SDP in Gombe.
“Similarly, Ambassador Lukman Adamu Elkanem, previously serving as the Acting Assistant Public Relations Officer, has now been appointed as the Acting State Secretary of the party.”
Yahaya, on behalf of the state chapter of the SDP, appealed for intervention from the national body of the party to look into the allegations against the former chairman and to restore discipline, accountability, and credible leadership to the Gombe chapter of the party.
Speaking shortly in an interview, Yakubu said he would work to build inclusiveness in the party and ensure all party members were carried along in line with the constitution of the party.
He stated that out of the 13 working committee members of the party, nine were present and in support of the suspension of Modibbo.
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