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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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All Hands Must Be On Deck To Boost Nigeria’s Business Environment, Says VP Shettima

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All Hands Must Be On Deck To Boost Nigeria’s Business Environment, Says VP Shettima

  • Urges states, MDAs, others to work towards actualizing President Tinubu’s reforms at PEBEC Gala and Awards Night

By: Our Reporter

The Vice President, Senator Kashim Shettima, has implored state governments, ministries, departments and agencies (MDAs) of the federal government, the organised private sector, and other stakeholders to do more in advancing the business environment in Nigeria.

He acknowledged the successes recorded this year, describing them “as the triumph of collaboration over silos,” even as he said when the 36 states of the federation, MDAs, development partners and other critical sectors commit to working together across the board, it becomes a big win for Nigeria.

Senator Shettima gave the charge on Tuesday in Abuja during the PEBEC Gala and Awards Night organized by the Presidential Enabling Business Environment Council (PEBEC) to celebrate exceptional public service delivery, reform excellence, and collaborative efforts toward improving Nigeria’s business environment.

He said, “The end of this night does not signal the end of your pursuit of excellence because excellence is a culture, not an event. It lives only where it is nurtured. And so, in the new year, let us do even more to advance the reform agenda for Nigeria’s business environment.

“Let us build a nation where efficiency is normal, where transparency is routine, and where excellence is the governing creed of public service.”

The Vice President underscored the importance of working as a team, noting that while every organisation reflects the kind of people working within, the people cannot “achieve excellence in a vacuum.”

According to VP Shettima, excellence is cultivated – “the result of choices, of discipline, of a refusal to settle for the bare minimum,” adding that it is not something that is inherited.

He observed that it is for this reason that the Gala and Awards Night was organised “to honour the belief that public service can and must be synonymous with excellence.”

Reminding stakeholders that the ball is in their court to make a difference, the VP said, “His Excellency President Bola Ahmed Tinubu has laid the critical foundation for the reforms required to reset our economy, and the success of this depends on the awardees we celebrate tonight.

“Your dedication and excellence embody the spirit of this administration’s Renewed Hope Agenda. You represent the very best of our public sector, and your work is the foundation upon which our nation’s prosperity is built.”

Senator Shettima described the Gala and Awards Night as “a celebration of public servants across Nigeria who have refused to accept mediocrity as our national ceiling,” by working hard to actualize the ongoing reforms undertaken by the Tinubu administration.

“The Presidential Enabling Business Environment Council, PEBEC, has spent the last couple of years championing reforms that speak to the soul of our economic aspirations—reforms that make it easier to do business, that restore investor confidence, that ensure our institutions work at the speed of national ambition.

“And tonight, we salute the men and women driving this mission forward, those who have placed the national interest above their comfort zones,” he said.

Acknowledging that there had been interagency collaboration on reforms that rapidly improve the nation’s business environment, the Vice President cited the establishment of the Ports and Customs Efficiency Committee (PCEC), which he said is “already bearing significant fruit through joint inspection procedures at” the ports.

Earlier, the Deputy Chief of Staff to the President (Office of the Vice President), Senator Ibrahim Hadejia, said under the leadership of Vice President Shettima, PEBEC has continued to deliver reforms that is incrementally impacting businesses in different sectors across the country.

He, however, reminded stakeholders that the task of transforming Nigeria’s business environment is far from over, as every improvement celebrated at the 2025 awards will be the foundation upon which more lasting reform initiatives will be built.

On her part, the Director-General of PEBEC, Princess Zahrah Audu, outlined some of the achievements recorded by the agency in the past year through deliberate and result-oriented collaboration to transform operations across MDAs, noting that reform is embedded and remains a critical component of PEBEC’s service delivery.

She added that the scope of PEBEC’s achievements under the current dispensation reflects the depth of partnership established and nurtured by management with critical stakeholders across the country over the past months.

The highpoint of the occasion was the unveiling of the 2025 Business Facilitation Act (BFA) Compliance Report and the Subnational Ease of Doing Business Report, as well as the presentation of various categories of awards, including access to justice; legislative trailblazer; leadership of action and business advocacy and partnership, among others.

Also present at the event were the Deputy Governor of Benue State, Dr Sam Ode; Deputy Governor of Enugu State, Mr Ifeanyi Ossai; Chairman of NDLEA, Brig. Gen. Mohammed Buba Marwa; Executive Secretary of the Nigerian Shippers Council, Mr Pius Akutah; Executive Vice Chairman of Nigerian Communications Commission (NCC), Dr Aminu Maida; Managing Director of the Nigerian Ports Authority, Dr Abubakar Dantsoho, other heads of agencies and parastatals; members of the diplomatic corps, and captains of industry, among others.

All Hands Must Be On Deck To Boost Nigeria’s Business Environment, Says VP Shettima

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PRESIDENT TINUBU NOMINATES GENERAL CHRISTOPHER MUSA AS THE NEW MINISTER OF DEFENCE

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PRESIDENT TINUBU NOMINATES GENERAL CHRISTOPHER MUSA AS THE NEW MINISTER OF DEFENCE

By: Our Reporter

President Bola Ahmed Tinubu has nominated General Christopher Gwabin Musa as the new Minister of Defence.

In a letter to Senate President Godswill Akpabio, President Tinubu conveyed General Musa’s nomination as the successor to Alhaji Mohammed Badaru Abubakar, who resigned on Monday.

General Musa, 58, on December 25, is a distinguished soldier who served as Chief of Defence Staff from 2023 until October 2025. He won the Colin Powell Award for Soldiering in 2012.

Born in Sokoto in 1967, General Musa received his primary and secondary education there before attending the College of Advanced Studies in Zaria. He graduated in 1986 and enrolled at the Nigerian Defence Academy the same year, earning a Bachelor of Science degree upon graduation in 1991.

General Musa was commissioned into the Nigerian Army as a Second Lieutenant in 1991 and has since had a distinguished career. His appointments include General Staff Officer 1, Training/Operations at HQ 81 Division; Commanding Officer, 73 Battalion; Assistant Director, Operational Requirements, Department of Army Policy and Plans; and Infantry Representative/Member, Training Team, HQ Nigerian Army Armour Corps.

In 2019, he served as Deputy Chief of Staff, Training/Operations, Headquarters Infantry Centre and Corps; Commander, Sector 3, Operation Lafiya Dole; and Commander, Sector 3 Multinational Joint Task Force in the Lake Chad Region.

In 2021, General Musa was appointed Theatre Commander, Operation Hadin Kai. He later became Commander of the Nigerian Army Infantry Corps before being appointed Chief of Defence Staff by President Tinubu in 2023.

In the letter to the Senate, President Tinubu expressed confidence in General Musa’s ability to lead the Ministry of Defence and further strengthen Nigeria’s security architecture.
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Finally, DSS Arraigns Sowore on alleged Cybercrime Offences

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Finally, DSS Arraigns Sowore on alleged Cybercrime Offences

By: Our Reporter

Judge bars him from inciting public, undermining national security

The Department of State Services (DSS) on Tuesday arraigned a politician and online publisher, Omoyele Sowore, before a Federal High Court in Abuja, for alleged cybercrimes, with the court barring him from further making statements that are detrimental to the peace and security of the country.

Justice Mohammed Umar, in a ruling, threatened to revoke the bail granted Sowore’ should he ever make such statements. The arraignment came after two previous attempts, with the politician’s lawyer introducing what the DSS lawyer, Akinolu Kehinde SAN, called legal obstacles.

On Tuesday, however, Justice Umar held that since there was evidence that Sowore was a presidential candidate in the country before and having also earlier been granted bail by the court, with his international passport still being held by the court, he was entitled to be granted bail on self-recognition.

The ruling was on a bail application argued by his lawyer, Marshall Abubakar, shortly after Sowore was arraigned on a five-count charge, in which he is accused of defaming President Bola Tinubu by referring to him as a criminal in his posts on X and Facebook.

When the charge, being prosecuted by the Department of State Services (DSS), was read to him, Sowore pleaded not guilty.

In the charge, Sowore, the presidential candidate of the African Action Congress (AAC) in the 2019 and 2023 elections, is accused of contravening the provisions of the the Cybercrimes (Prohibition, Prevention, etc) Amendment Act, 2024 and the Criminal Code Act by calling President Bola Tinubu a criminal

The two other defendants listed in the charge, marked: FHC/ABJ/CR/484/2025 are X Incorp (formerly Twitter) and Meta (Facebook) Incorp.

Details shortly.

Finally, DSS Arraigns Sowore on alleged Cybercrime Offences

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