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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
News
Troops repel another ISWAP ambush, recover arms, motorcycles in Magumeri
Troops repel another ISWAP ambush, recover arms, motorcycles in Magumeri
By: Zagazola Makama
Troops of the Nigerian Army under Operation Hadin Kai have foiled a series of ambush attacks by Boko Haram and Islamic State West Africa Province (ISWAP) terrorists along the Damasak–Gubio road in Magumeri axis of Borno State.
Zagazola Makama gathered that the troops, who were on a fighting patrol as part of Operation Desert Sanity IV, came under fire from suspected terrorists on arrival at Binduldul.

Sources stated that the troops responded with superior firepower, forcing the terrorists to flee in disarray. Reinforcements led by the Commanding Officer of the Battalion later exploited the scene, recovering two motorcycles, one AK-47 rifle, five blankets, three praying mats, a spare motorcycle tyre and two gallons of engine oil.
The sources added that one terrorist was neutralised during the encounter.
Furthermore, at about 3:05 p.m. on the same day, while withdrawing from the area, the troops encountered another ambush involving an Improvised Explosive Device (IED) attack followed by heavy gunfire from ISWAP fighters near Kardio village.
The soldiers successfully repelled the assault, safely detonated another IED along their main supply route, and returned to base without any casualty.
Photographs from the operation indicated successful recovery of items and neutralisation of threats in the area.
Troops repel another ISWAP ambush, recover arms, motorcycles in Magumeri
News
One killed, three injured as gunmen attack farmers in Plateau
One killed, three injured as gunmen attack farmers in Plateau
By: Zagazola Makama
The Plateau State Police Command has confirmed the death of one person and injuries to three others following an attack by suspected Fulani militias on Kopmur village, Mushere District, Bokkos Local Government Area.
Zagazola Makama gathered that the incident occurred on Oct. 22 at about 4:00 p.m., when the armed assailants stormed a house where some local farmers had taken shelter and opened fire.
The attack led to the death of Dashan Mwanar, 42, while Sonma Mwanar, 32, Kyenkyes Dakup, 26, and Joy Vumshak, 25, sustained varying degrees of injuries.
The Divisional Police Officer (DPO), Bokkos Division, led a team to the scene, where the injured victims were rescued and taken to the hospital for treatment.
The police said the deceased’s remains had been released to his relatives for burial after the family declined an autopsy.
Meanwhile, sources assured that investigation is ongoing, with intensified efforts to apprehend the culprits and prevent further attacks in the area.
One killed, three injured as gunmen attack farmers in Plateau
News
FCT Police, vigilantes comb bushes to rescue abducted school principal, daughter in Abuja
FCT Police, vigilantes comb bushes to rescue abducted school principal, daughter in Abuja
By: Zagazola Makama
The Federal Capital Territory (FCT) Police Command has intensified search and rescue operations following the abduction of a school principal and his daughter in Abaji Area Council of the FCT.
Zagazola Makama gathered that the incident occurred on Oct. 22, 2025, at about 3:00 a.m., when a group of armed kidnappers invaded the residence of Mr. Zakari Yelwa, Principal of Narati Government Secondary School, located opposite the Technical College, Abaji.
The assailants reportedly forced open the door to the residence and abducted Mr. Yelwa and his daughter, Hafsat Zakari, to an unknown destination.
Upon receipt of the distress call, a combined team of police operatives, the Anti-Kidnapping Unit, vigilante groups, and local hunters was immediately deployed to the scene.
The team has since launched a coordinated search operation, combing the surrounding bushes and hills in a bid to rescue the victims and apprehend the kidnappers.
Police authorities assured residents of Abaji that all efforts are being made to ensure the safe rescue of the victims and urged the public to report any useful information that could aid the ongoing operation.
FCT Police, vigilantes comb bushes to rescue abducted school principal, daughter in Abuja
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