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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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Yobe: Emir of Fika charges Journalists on fair reportage

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Yobe: Emir of Fika charges Journalists on fair reportage

By: Yahaya Wakili

His Royal Highness, the Emir of Fika. Chairman Yobe State Council of Chiefs and the National Convener of the Council of the Traditional Leaders of Africa, Alhaji Dr Muhammadu Ibn Abali Muhammad Idrissa, CFR, have implored the journalists in the state to be fair and just in all their reporting.

His Royal Highness disclosed this in a unique receipt organized by the correspondent chapel of the Nigerian Union of Journalists, Yobe State, at his palace in Potiskum.

“We must command journalists in Yobe State and in Nigeria in general, and you are a very important part of this society, and you have been playing your role, which sometimes is very ropey and sometimes is not easy, because you have to be critical of government activities.” he said.

“We are happy with you and your remarkable achievements in Yobe State, in particular, about the reporting of government activities on what is happening.

He charged the journalists to redouble their efforts and also said the truth: be equitable, be fair, so that is not always to be praising the government. When you are supposed to say the truth, say the truth, and he also urged them to be very fair and make remarkable achievements in Yobe State in your activities.

His royal father also implores the journalists to be fair and just in all their reporting so that when the government is wrongly saying it, when they are rightly saying it, I think you have been doing that.

“I think you have been doing well. We need to tell the government that we are living on a time bomb, and if it is exploited, we are all going to suffer. We have to appreciate the youth. 65% of the time, wherever you go, you see youth who are on drugs out of frustration.

Speaking earlier, the chairman of the correspondent’s chapel, Alhaji Ahmed I. Abba, ensured His Royal Highness that we are here to serve this state, and we sacrifice all we have for the state and for the palace.

“This palace has been home for us; we really appreciate your royal highness and the members of the palace; this is a unique reception we have never had anywhere; we will forever live to remember the reception we always have in this palace.” The chairman added.

He also assures his royal father that when he needs our support, we are ready to be available for your royal highness. He also sympathizes with the palace with the recent accident that just happened in Fika, as well as the recent accident that just happened in the same schools within the emirate.

Yobe: Emir of Fika charges Journalists on fair reportage

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Nigeria Commiserates with Tanzania Over the Pssing of Former President Ali Hassan Nwinyi

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Nigeria Commiserates with Tanzania Over the Pssing of Former President Ali Hassan Nwinyi

By: Michael Mike

The Federal Government of Nigeria has commiserated with the Government and People of the United Republic of Tanzania over the passing of former President Ali Hassan Mwinyi.

The former President died on Thursday. He would be remembered as
an African Elder Statesman, who was an astute and influential politician that contributed significantly to laying the foundation for Tanzania’s economic development.

A statement signed by the spokesperson of the Ministry of Foreign Affairs, Mrs. Francisca Omayuli on Friday said: “Nigeria stands with Tanzania in this period of grief. May the soul of the departed former President rest in peace and may God grant the bereaved family, the Government and the good people of the United Republic of Tanzania the fortitude to bear the irreparable loss.”

Nigeria Commiserates with Tanzania Over the Pssing of Former President Ali Hassan Nwinyi

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Youth are vital to sustainable peace, better Nigeria-Prof Usman to Youths

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Youth are vital to sustainable peace, better Nigeria-Prof Usman to Youths

By: Ladi Dapson

The Borno state government has charged the youths to take the lead in peace building,conflicts management and learn how to be tolerant in respective of faiths and ethicity coloration.

The State Commissioner for Information and Internal Security, Prof Usman Tar made this known during an inaugurating of 100 awardees of yoths as Peace Advocates in Borno State held in Maiduguri.

He urged the youths to take the advantages of their population in Nigeria just like the way China took the advantage of their population and bring some innovation to boast their economy.

“Today we inaugurating the young peace Ambassadors that we will be going into the society tricking down the capacity of peace building and tolerance that we have thought them.

“The outcome of this excise is that we now have critical young mind that will serve as ambassadors of peace go out and target specific community as well as teach the art of peace, conflict resolution, conflict management, peace building, and diplomacy.

“So that the society will be more tolerant, more engaging and society will learn to leave side by side with people of all faiths and tendency,”he said.

Earlier, the Founder of Peace Ambassadors Center for Humanitarian Aid and Empowerment, Amb. Ahmed Shehu said youths are critical stakeholders in peace processes, urging the people in the community to identify the youths in their community and give them the necessary support.

“As a civil society, we thought we have to play our role towards ensuring we have a stable society.

“What we observed in these efforts is that a critical element is missing. This is the youth groups and we thought why can’t we come up with an initiative where we build the capacity of the youth and make them youth advocates and unleash them to the society for peacebuilding.

“We carefully selected young people and voices across all sectors, from the media, CSOs and academia. Our dream is you would go back to the community and change the narratives,”Ahmed said.

He was awarded for a responsible media practice and promoting of a culture of peace.

One of recipients of the Peace Advocate Award and Social Media Influencer, Aliyu Mohammed Tong applauded the Peace Ambassadors Center for Humanitarian Aid and Empowerment and partners for finding them worthy of this award after a series of trainings and community engagements.

“As we accepted the award we equally took it as a challenge to positively make an impact in our various communities by stepping down the knowledge we gained on reintegration and sustainable peace.”Aliyu thanked.

Some of the recipients include Mohammed Usman, General Manager of Al-Ansar Radio; Usaman Mohammed, Report with Yerwa Express News; Umaru Kirawa, Correspondent of Newscentral Africa, Zainab Yetunde Adam, Reporter with NTA amongst.

The project was funded by the British Council in partnership with the Borno State Ministry for information and Internal Security and implemented by Peace Ambassadors Centre for Humanitarian Aid and Empowerment.

Youth are vital to sustainable peace, better Nigeria-Prof Usman to Youths

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