India to invest $5bn in Nigeria to revive its economy
Thursday, 29 September 2016 18:11
On September 27, 2016, Nigerian President Muhamadu Buhari met at the Abuja Statehouse, an Indian delegation led by Vice President Hamid Ansari. During the meeting, Buhari welcomed India’s decision to invest $5 billion in his country.
The funds will be injected in sectors such as health, education, agriculture, technology and trade. Recalling India’s previous investment of $10 billion in his nation, the head of state highlighted that Nigeria would boost cooperation with the Asian nation in the above mentioned sectors.
For his part, the Indian official said his country, which is the main buyer of Nigeria’s crude oil, intends to purchase more of the commodity in addition to its natural gas.
Alain Okpeitcha
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