Govt attracts $14bn, €250m investments from India, Netherlands

Nigeria has secured an investment of $14bn from India, spanning multiple sectors, according to the Minister of Foreign Affairs, Yusuf Tuggar.

The announcement was made during the 5th Ministerial Press Briefing in Abuja on Thursday.

In addition to the Indian investment, the country has secured €250m for local businesses through the Netherlands.

Tuggar highlighted that the Federal Government had achieved a remarkable 300 per cent oversubscription for its recent Eurobond issuance, further bolstering the country’s financial standing.

Tuggar also shared that Nigeria has signed strategic Memorandums of Understanding with 10 countries to strengthen bilateral relations.

These countries include Germany, Saudi Arabia, China, Equatorial Guinea, France, Cuba, Qatar, the United Kingdom, India, and Brazil.

The agreements aim to enhance cooperation in key sectors such as power, oil and gas, agriculture, and infrastructure.

He said, “FG facilitated $14bn across multiple sectors from Indian investors. Secured €250m for Nigerian businesses from the Netherlands. For Nigeria’s Eurobond success, 300 per cent oversubscription was achieved.

“Nigeria signed strategic MOUs with Germany, Saudi Arabia, China, Equatorial Guinea, France, Cuba, Qatar, UK, India, Brazil. Strengthening key sectors like power, oil & gas, agriculture, and infrastructure.”