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
Live News
-
WAEMU Sees Easing Conditions on Regional Interbank Market
09:37
-
Cybersecurity Key to Côte d'Ivoire's Tech Future– VITIB's N'ZI
09:35
-
Togo Sets 92,500-Ton Cotton Goal, but Doubts Remain
09:29
-
Emeka Ajene Connects Global Capital to African Tech Startups
09:22
-
Global Media Giants Intensify Push into African Youth Animation
09:21
-
Nigeria to Train 10,000 Youth in Digital Skills by 2027
09:18
-
Michel Idjinou, A Beninese Expert in Digital Transformation and Data
08:35
-
Togo and Four Neighbors Sign Regional Pact on Security and Refugee Protection
08:26
-
Kerosene Shortage: Industry Diversion Blamed, CSPH Proposes Targeted Imports
08:22
-
Orange Engage for Change Marks One Year in Africa and Middle East
08:19
• Global coffee consumption projected to hit a record 169.4 million 60-kg bags in 2025/2026, up from...
• Algeria grants commercial 5G licenses to top three telecom operators: Mobilis, Djezzy, and Ooredoo...
• Kenyan President William Ruto signs strategic partnership with UK Prime Minister Keir Starmer to b...
• Burkina Faso-based financial group, Vista Group Holding, has acquired a majority stake in Société ...
• IFC teams up with AfDB and Nigeria’s EbonyLife to assess a new fund for African cinema• Sector cou...
As cybersecurity asserts itself as a pillar of digital sovereignty in West Africa, technology-free zones are taking on a strategic role in safeguarding...
As a new generation of African creators increasingly works to assert narratives rooted in their own cultures, the expansion strategies of global...
• Cybervilla and Ogun State launch tech program to train 10,000 young Nigerians• The pilot phase starts with 50 participants in Abeokuta at the Ogun Tech...
• Azumah Resources starts building Black Volta gold mine in Ghana, aiming for 163,000 oz/year• Funded by shareholders; initial cost estimated...
The Gerewol tradition is a fascinating ritual celebrated by the Bororo Fulani, a nomadic community primarily located in Chad and Niger. This annual...
In northern Ethiopia, in the Tigray region, lies Axum (also spelled Aksum), an ancient city that once stood at the heart of one of Africa’s most powerful...