Nigeria, India Strengthen $60 Billion Investment Partnership

• Nigeria, India Strengthen $60 Billion Investment Partnership
• The move aims to consolidate India’s existing sixty billion dollar investment portfolio in Nigeria
• Edun welcomed the High Commissioner and praised India’s role as a key development and investment partner

The Federal Government of Nigeria and the Republic of India have agreed to strengthen their business relationship across key sectors including power, infrastructure, renewable energy, and technology. The move aims to consolidate India’s existing sixty billion dollar investment portfolio in Nigeria.

Eko Hot Blog reports that the agreement was reached on Thursday in Abuja when the Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, received the Indian High Commissioner to Nigeria, His Excellency Abhishek Singh, and the founder of Skipper Seil Group, Mr Jitender Sachdeva, in his office.

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According to a statement issued by the Director of Information at the Ministry of Finance, Mohammed Manga, High Commissioner Singh noted India’s significant presence in Nigeria’s power sector, highlighting ongoing projects such as power plants, substations, and solar grid installations executed by Indian companies including Skipper.

He recalled that India’s investment commitments in Nigeria currently stand at about sixty billion dollars, describing the completed and ongoing projects as a testament to India’s confidence in Nigeria’s economy and its long-standing partnership.

“India holds the Honourable Minister in very high regard,” Singh said, while commending Mr Edun’s leadership and the reform drive of the Tinubu administration. He also presented a symbolic handcrafted gift and conveyed the goodwill of the Government and people of India.

In his remarks, Edun welcomed the High Commissioner and praised India’s role as a key development and investment partner. He identified opportunities for expanded collaboration in renewable energy, digital infrastructure, technology transfer, and private sector investment areas aligned with Nigeria’s growth and development priorities.

Both countries reaffirmed their commitment to strengthening bilateral ties and promoting shared economic prosperity.