Connect with us

News

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

Published

on

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

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

Agriculture partnership: Gov Yahaya to get Sasakawa’s Special Award

Published

on

Agriculture partnership: Gov Yahaya to get Sasakawa’s Special Award

Governor Muhammadu Inuwa Yahaya of Gombe State will be honoured with a Special Recognition Award by the Sasakawa Africa Association (SAA) Nigeria, in acknowledgement of the state’s sustained partnership and strategic commitment to agricultural development.

The award will be presented at the 2026 SAA Nigeria Annual Stakeholders Workshop on Thursday, April 9, 2026, in Abuja, where top federal officials, development partners, diplomats, and state governments are expected to gather to discuss pathways for strengthening Nigeria’s food systems.

The workshop, holding at Rockview Royale Hotel, Wuse II, is themed “SAA @ 40: Deepening Impact and Expanding Reach at Scale.”

The recognition of Governor Inuwa Yahaya reflects the depth of Gombe State’s collaboration with SAA over the years, which has supported agricultural extension, smallholder productivity, and rural livelihoods.

Since its creation in 1996, Gombe State has maintained a working relationship with SAA, funded by The Nippon Foundation, to implement initiatives that improve food security, nutrition, climate resilience, and inclusive agricultural services, with particular attention to women, youth, and resource-poor farmers.

Speaking ahead of the workshop, Dr. Godwin Atser, Country Director of SAA Nigeria, said:
“This recognition celebrates a partnership backed by action. Governor Inuwa Yahaya’s leadership reflects the kind of subnational commitment essential for transforming agriculture in Nigeria.

Gombe State’s sustained support for farmer-focused interventions demonstrates what can be achieved when political will, institutional alignment, and practical investment converge.”

SAA Nigeria’s collaboration with Gombe State encompasses a wide range of interventions, including Farmer Learning Platforms (FLP), Community Savings and Investment in Agriculture (CSIA), Private Extension Service Provision (PESP), and Community-Based Seed Multiplication (CBSM), among others. Together, these initiatives strengthen the agricultural ecosystem from production to post harvest, improve access to technology, knowledge, and markets, and enhance the capacities of farmers and rural actors.

The partnership also encourages pluralistic extension systems, involving the private sector, farmer organizations, research institutions, and civil society in scaling agricultural services across the state. This multi-dimensional cooperation underscores why Gombe State’s collaboration is deserving of recognition.

As SAA marks 40 years of operations in Africa and 33 years in Nigeria, the organization notes that sustainable agricultural transformation requires long-term commitment, collaboration, and strategic investment, qualities exemplified by Gombe State and Governor Inuwa Yahaya.

The recognition will be part of a broader conversation at the 2026 Annual Stakeholders Workshop, which will review SAA’s 2021–2025 achievements, share lessons, and explore future partnerships to strengthen agriculture in Nigeria and across Africa.

About Sasakawa Africa Association (SAA)
Sasakawa Africa Association (SAA) was established in 1986 by Japanese philanthropist Ryoichi Sasakawa, Nobel Laureate Dr. Norman Borlaug, and former U.S. President Jimmy Carter.

Dedicated to improving the productivity, profitability, and resilience of smallholder farmers in sub-Saharan Africa, SAA operates through agricultural extension, capacity building, and systems strengthening. Active in Nigeria since 1993, SAA collaborates with governments, research institutions, universities, private sector actors, and development partners to advance farmer-centered agricultural transformation.

Agriculture partnership: Gov Yahaya to get Sasakawa’s Special Award

Continue Reading

News

JNIM terrorists clashes with rival factions in rare encounter in Nigeria’s Kebbi state

Published

on

JNIM terrorists clashes with rival factions in rare encounter in Nigeria’s Kebbi state

By: Zagazola Makama

A suspected clash between rival terrorists factions has been reported in Kebbi State, raising fresh security concerns in the North-West region.

Sources said the incident occurred on April 4, when a group identified as Jama’at Nusrat al-Islam wal-Muslimin (JNIM) claimed it engaged a rival faction described as “Khawarij”.

The group alleged that one fighter was killed and another captured during the encounter, while three motorcycles and about N10 million were recovered.

However, the identity of the opposing group has yet to be independently verified.

Preliminary indications suggest the rival faction may be linked to Boko Haram or one of its splinter groups, though this remains subject to confirmation.

Security sources said the development could represent one of the first reported inter-jihadist clashes in the region.

JNIM terrorists clashes with rival factions in rare encounter in Nigeria’s Kebbi state

Continue Reading

News

Troops foil mob attack, rescue suspected terrorist in Danmusa in Katsina

Published

on

Troops foil mob attack, rescue suspected terrorist in Danmusa in Katsina

By: Zagazola Makama

Troops of 17 Brigade have foiled an attempt by a mob to lynch a suspected terrorist and burn down a police station in Danmusa Local Government Area of Katsina State.

Security sources said the incident occurred at about 4:30 p.m. on April 5, 2026, when troops deployed at Combat Team 1 in Danali village responded to a distress call from a Nigerian Police outpost in the area.

The police had reported that a large crowd attempted to set the station ablaze and attack personnel after a suspected terrorist was brought into custody.

Troops were immediately mobilised to the scene and successfully prevented further escalation of the situation, restoring order in the area.

During the intervention, police personnel reportedly fired tear gas to disperse the irate crowd, which led to injuries sustained by one civilian.

The injured victim was evacuated to a medical facility for treatment.

Security sources said calm had since returned to the area, while troops continued to maintain presence to prevent a resurgence of violence and ensure stability.

Troops foil mob attack, rescue suspected terrorist in Danmusa in Katsina

Continue Reading

Trending

Verified by MonsterInsights