Indians’ investments in Nigeria hit $20billion.

Indians’ investment in Nigeria is about $20 billion, the Indian High Commissioner to Nigeria, Mr. Shri Balasubramanian, has said.

He also said no fewer than 135 Indian companies are in the country.

The envoy spoke in Abuja yesterday during a visit to the Chairman/CEO, Nigerians in Diaspora Commission, Mrs Abike Dabiri-Erewa.

The Indian envoy also expressed his eagerness to collaborate with the Commission to share the Indian diaspora experience, adding that the diaspora is a very positive force to India’s development.

Read:  Lagos to setup E-commerce cub for Agric Producers to create export opportunities

He stated further that more than 60,000 Indians have made Nigeria their homes across the 36 states of the country, and a larger number residing in Lagos.

He added that the relationship between both countries has remained robust and cordial even before Nigeria got her independence, stressing that there are more than 135 Indian companies in Nigeria and nearly $20 billion worth of investment generated in Nigeria.

Read:  9mobile launches portal for NIN verification.

The High Commissioner stated that continuity and change was a part of life for Indians while collaboration is a great step to the development of India and Nigeria.

He added that three to four generations of Indians are in Nigeria and are settling well into the system.

Responding, Mrs. Dabiri-Erewa assured the envoy that this new engagement would enhance socio-cultural exchanges and fast track development of the two countries.

Read:  World Bank rates Niger best in rural road rehabilitation

While welcoming the idea of the partnership and collaboration, NiDCOM Chairman said: “life is about learning, as long as you are a human being, you should always be ready to learn”, adding that there is a lot to draw from India and her Diaspora.”

Related posts

Toyota unveils integrated auto centre in Abia


AfDB with partners launched special agro-industrial processing zones to transform Nigeria’s agriculture


Lagos Launches Floating Clinic Boat For Emergency, Medical Outreach Services.


Lagos suspends Loan Repayment For MSMEs, Tech Start-Ups.


AVCA and PenOp Launch Inaugural Report on Pension Funds and Private Equity Investment in Nigeria.


Minister Sadiya Umar Faruq convenes Zero Hunger Initiative Private Sector Roundtable to address COVID-19 pandemic impact on vulnerable communities


Leave a Comment