Nigeria gets $14 billion investment pledges from India, seeks economic pact

Nigeria secured $14 billion in investment pledges from Indian companies like Jindal Steel, Indorama Corp, Skipperseil Ltd, and Bharti Enterprises.
The investments are planned for Nigeria's steel, petrochemical, power generation, and other sectors.
Nigeria approved a $1 billion deal with India to help Nigeria's defense industry attain 40% self-sufficiency in manufacturing equipment.
Nigerian President Bola Tinubu is attending the G20 summit in India this week to attract more capital for infrastructure.
Nigeria is considering applying to become the second African member of the G20 after South Africa.

reuters.com

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Posted 9/6/2023, 4:31:00 PM