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With 150 Companies and $27b Investment in Nigeria, India Interested in More, Says Envoy

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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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One killed, five injured during violent clash at peace meeting in Plateau

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One killed, five injured during violent clash at peace meeting in Plateau

By: Zagazola Makama

A peace meeting between local residents and Fulani community members in Pankshin Local Government Area of Plateau State turned violent on Thursday, leaving one person dead and five others injured after youths allegedly attempted to disarm soldiers deployed to maintain security during the engagement.

Security sources told Zagazola Makama that the incident occurred at about 3:00 p.m. on May 7 at Mier village, where troops of Sector 8 under Operation Enduring Peace (OPEP), deployed at Fier guard post, had organised a stakeholders’ meeting aimed at easing tensions between locals and Fulani residents in the area.

The sources said the meeting was part of ongoing confidence-building and peace restoration efforts by security forces following recent incidents of communal violence, cattle rustling, reprisal attacks, and growing mistrust between farming and pastoral communities across parts of Plateau State.

According to the sources, the meeting was progressing peacefully before a group of agitated youths reportedly became hostile and attempted to forcefully seize the rifles of two soldiers providing security at the venue.

“The situation suddenly turned violent when some youths moved aggressively toward the troops and attempted to disarm two soldiers,” a security source said.

The source added that amid the struggle and confusion, one of the soldiers discharged his weapon in self-defence to prevent the mob from overpowering the troops.

Following the incident, one local resident sustained fatal injuries and was later confirmed dead, while four other civilians and one soldier were injured during the confrontation.

The injured persons were immediately evacuated to nearby medical facilities for treatment, while the corpse of the deceased was deposited at the General Hospital morgue in Pankshin.

Security operatives subsequently reinforced the area to prevent further breakdown of law and order, while efforts were intensified to calm tensions among residents.

The four youths who attacked the soldiers were arrested.

The latest violence occurred amid heightened security concerns and recurring communal clashes across Plateau State, where troops of Operation Enduring Peace have continued to conduct patrols, peace engagements, arrests, and intelligence-driven operations to contain reprisals and attacks involving armed militias, bandits, and cattle rustlers.

Military and community leaders have repeatedly urged residents to avoid taking the law into their hands and to cooperate with security agencies to sustain peace efforts across the state.

One killed, five injured during violent clash at peace meeting in Plateau

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ISWAP suffer losses after failed attack on Buni Gari

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ISWAP suffer losses after failed attack on Buni Gari

By: Zagazola Makama

ISWAP terrorists suffered heavy losses in the early hours of Thursday after troops of Operation HADIN KAI repelled an attack on Headquarters 27 Brigade, Buni Gari, and a nearby checkpoint in Yobe State.

The terrorists had launched a coordinated assault at about 2:00 a.m. from multiple directions but were stopped by troops who held their ground and responded with superior firepower.

The Media Information Officer of the Joint Task Force North East, Operation HADIN KAI, Lt.-Col. Sani Uba, said the attackers were forced to retreat after coming under intense resistance.

He said several of the terrorists were neutralised during the encounter, while others fled with injuries.

“Exploitation of the general area confirmed the recovery of terrorist corpses and weapons in bushes and along withdrawal routes,” Uba said.

He added that traces of blood were found along escape routes, indicating that the fleeing attackers sustained significant injuries.

Uba explained that air support from the Air Component Command provided surveillance coverage during the operation, helping troops track movement of retreating fighters.

He said precision air interdiction was also carried out on confirmed fleeing elements, further increasing the losses suffered by the attackers.

Recovered items include AK-47 rifles, machine guns, RPG tubes, ammunition, magazines and other military-grade weapons used in the failed assault.

He said troops, working with hybrid forces, are continuing clearance operations in the area to prevent regrouping of the attackers.

Uba also confirmed that two soldiers died during the encounter, while wounded personnel are receiving treatment and are in stable condition.

He said Operation HADIN KAI remains committed to sustaining pressure on terrorist groups and denying them freedom of action in the North-East.

ISWAP suffer losses after failed attack on Buni Gari

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Cuba Slams New US Sanctions as ‘Economic Warfare,’ Warns of Deepening Humanitarian Crisis

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Cuba Slams New US Sanctions as ‘Economic Warfare,’ Warns of Deepening Humanitarian Crisis

By: Michael Mike

The government of Cuba has accused the United States of escalating economic warfare against the island nation following a sweeping new executive order and fresh sanctions that Havana says could worsen an already severe humanitarian and economic crisis.

In a strongly worded statement issued Thursday in Havana, Cuba’s Ministry of Foreign Affairs condemned the May 1, 2026 Executive Order signed by the White House, describing it as one of the harshest measures imposed against the communist nation in decades.

The Cuban government also denounced a subsequent decision by the United States Treasury Department on May 7 to place Cuban conglomerate Gaesa and mining company MoaNickel S.A. on the List of Specially Designated Nationals, effectively cutting them off from the American financial system and exposing foreign businesses dealing with them to possible secondary sanctions.

Havana described the move as a “ruthless act of economic aggression” aimed at tightening the long-standing United States blockade against Cuba and isolating the country from global trade and financial networks.

According to Cuban authorities, the latest measures threaten to deepen the island’s economic hardship at a time when the country is already battling chronic shortages of fuel, food, medicine and foreign exchange.

The Foreign Ministry argued that the sanctions go beyond bilateral relations between Washington and Havana by attempting to punish foreign companies, banks and governments that maintain economic ties with Cuba.

“The sovereign right of all states that have or wish to maintain economic, commercial and financial relations with Cuba is being explicitly attacked,” the statement declared.

Cuba accused senior United States officials, particularly the Secretary of State, of using intimidation and political pressure to force the international community into compliance with the blockade policy.

The statement further alleged that the new measures were intended to provoke economic collapse and social unrest within Cuba.

Havana warned that worsening economic pressure could create conditions for instability and potentially serve as justification for more aggressive actions against the island.

The Cuban government also accused Washington of attempting to manufacture a humanitarian crisis capable of triggering political upheaval.

The latest confrontation marks another sharp downturn in relations between the two Cold War-era adversaries whose ties have fluctuated between cautious engagement and hostility over the last six decades.

The United States first imposed trade restrictions on Cuba in the early 1960s following the Cuban Revolution led by Fidel Castro and the subsequent nationalisation of American-owned assets on the island. Relations deteriorated rapidly after Cuba aligned itself with the former Soviet Union during the Cold War.

In 1962, Washington formalised a broad economic embargo against Cuba, arguing that the measures were necessary to pressure Havana toward democratic reforms and respect for human rights.

Over the decades, the sanctions evolved into one of the world’s longest-running economic blockade regimes, affecting trade, banking, investment and travel.

Although there were signs of rapprochement during the administration of former President Barack Obama — including the restoration of diplomatic relations and the easing of some restrictions — many sanctions were later reinstated and expanded under subsequent administrations.

In recent years, Cuba has faced mounting economic difficulties caused by declining tourism revenues, inflation, fuel shortages and limited access to international credit markets.

The Cuban government has consistently blamed the United States embargo for worsening living conditions on the island, while Washington maintains that Havana’s centrally controlled political and economic system is primarily responsible for the country’s struggles.

The renewed sanctions are expected to intensify debates within the international community, where many countries and global organisations have repeatedly called for an end to the embargo.

For more than 30 consecutive years, the United Nations General Assembly has overwhelmingly voted in favour of resolutions urging the United States to lift its economic blockade against Cuba, describing the measures as harmful to ordinary citizens and contrary to international law.

Despite the growing pressure, both governments remain firmly entrenched in their positions, raising fears that tensions between Havana and Washington may continue to escalate in the coming months.

Cuba Slams New US Sanctions as ‘Economic Warfare,’ Warns of Deepening Humanitarian Crisis

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