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President Bola Tinubu has commended Indian investors for their commitment to invest nearly $14 billion in Nigeria.
The President Tinubu said this on Wednesday during the Nigeria-India Presidential Roundtable and Conference in New Delhi, India.
President Tinubu expressed the readiness of Nigeria to provide investors with the best possible returns adding that there is there is no better place to invest than Nigeria and that the country offers the best returns for investment.
Among the many new investments are the Indorama Petrochemical Limited which has pledged a new investment of $8 billion U.S. dollars in the expansion of its fertilizer production and petrochemical facility in Eleme, Rivers State, South-south, Nigeria.
The Jindal Steel and Power Limited, one of India’s largest private steel producers, has also committed to investing $3 billion in Nigeria, following discussions with President Tinubu on the sidelines of the G-20 Summit in New Delhi, India.
Founding President of SkipperSeil Limited, Mr. Jitender Sachdeva announced that, following President Bola Tinubu’s intervention, he is investing the sum of $1.6 billion U.S. dollars in the establishment of twenty 100MW power generation plants across the states of Northern Nigeria, amounting to 2,000MW of new power within the next four years.