Wednesday, 28 September 2016

Indians set to invest $5billion in the Nigerian economy

The president of Nigeria Muhammadu Buhari has welcomed a proposed investment of $5 billion in the Nigerian economy.
This investment was proposed by an Indian business delegation visiting the country.

 Buhari said India has already invested $10 billion  in the country.

This was even as he said Nigeria and India plan to expand and strengthen their relations in the areas of health, education, agriculture, technology and trade. He made this statement yesterday when he hosted the Indian Vice President Mohammad Hami Ansari at the State House, Abuja.

He stressed that the good relationship between the two countries has yielded  benefits in trade and investment, agriculture, technology and in the fight against terrorism.

The president said Nigeria would emulate India’s agricultural model and capacity to feed it’s one billion population, as well as export to other countries, describing the country as “sustainable and prosperous.”

Buhari also assured that Nigeria would continue to support reform of the United Nations Security Council and pointed out that it was unfair on the rest of the world for five countries to exercise power of “yes or no” in the United Nations.


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