Nigeria Secures $14 Billion Investment from India and Enhances Diplomatic Relations
Nigeria’s Foreign Affairs Minister, Yusuf Tuggar, announced $14 billion in investments from India and €250 million for local businesses. Strategic MoUs with ten countries were signed to boost bilateral relations. Tuggar confirmed the forthcoming nomination of ambassadors and emphasized Nigeria’s operational diplomatic missions despite certain delays. National security progress and humanitarian efforts were also discussed during the briefing.
Recently, Nigeria’s Foreign Affairs Minister, Yusuf Tuggar, announced that the country has successfully secured approximately $14 billion in investments from India across various sectors. This information was shared during the 2025 Ministerial Press Briefing hosted by the Ministry of Information and National Orientation. Additionally, Nigeria has obtained €250 million aimed at supporting local businesses.
Minister Tuggar emphasized that Nigeria’s impressive achievement of 300% over-subscription reflects significant global investor confidence and strategic Memorandums of Understanding (MoUs) established with ten countries. These countries include Germany, Saudi Arabia, China, and Equatorial Guinea, among others.
Tuggar further mentioned that the nomination process for ambassadors is nearing completion, with names set to be sent to the Senate for confirmation soon. He expressed confidence that despite delays in appointee confirmations, Nigeria’s diplomatic missions abroad are operational and include essential services such as immigration and military support.
Concerning Chinese visas, Tuggar clarified that Nigeria is not working with Chinese authorities for any arrests, attributing the complications to undocumented travel by certain Chinese nationals during the COVID-19 pandemic. On national security, he highlighted the significant progress made against Boko Haram, noting the establishment of a safe corridor in Borno for sorting and resettling suspected militants.
Tuggar took pride in Nigeria’s contributions to regional peacebuilding, citing efforts in Sierra Leone and Liberia. He stressed the necessity of acknowledging Nigeria’s accomplishments and learning from past experiences. He also discussed the evacuation of vulnerable infants from Gaza, explaining that the Ministry, in collaboration with the Red Cross and other nations like Jordan, Egypt, and the UAE, worked to ensure these children received necessary medical care.
In conclusion, Nigeria’s recent achievement in securing $14 billion from India signifies a boost in investor confidence amid ongoing diplomatic efforts. The Minister of Foreign Affairs, Yusuf Tuggar, reinforced the country’s commitment to functionality in diplomatic missions while addressing national security concerns and regional peace initiatives. The cooperation with international organizations illustrates Nigeria’s proactive approach to humanitarian issues, further establishing its role on the global stage.
Original Source: tribuneonlineng.com
