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India to invest $5 billion in Nigerian, to buy more crude oil

September 30, 2016 12:28 pm

India has pledged to invest $5 billion in the Nigeria economy. The Indian government has also promised to buy more volume of crude oil from Nigeria.nigerias-foreign-reserves

India Vice President, Mohammad Ansari made the pledge recently at the state house in Abuja, when he paid a visit to President Muhammadu Buhari.

According to the senior Special Assistance to the president on media and Publicity, Mallam Garba Shehu, the relationship Nigeria and India was near perfect as both countries have no disagreement. President Buhari while responding to the gesture, thanked India for the plan to invest in Africa’s largest economy. He assured that Nigeria would continue to expand its relationship with the Asian country in the areas of health, education, agriculture, technology and trade.

He reiterated that India had already invested about $10 billion in Nigerian economy before.

Buhari said his country would emulate India’s agricultural model and capacity to feed its one billion populations and also export to other countries. He described the Asian country as a” sustainable and prosperous nation.

The president assured that Nigeria would continue to support the reform of the United Nations Security Council, pointing out that it was unfair on the rest of the world for five countries to exercise power of “yes or no” in the UN.

Author: Gesture Chidhanguro

 

India to invest $5 billion in Nigerian, to buy more crude oil Reviewed by on . India has pledged to invest $5 billion in the Nigeria economy. The Indian government has also promised to buy more volume of crude oil from Nigeria. India Vice India has pledged to invest $5 billion in the Nigeria economy. The Indian government has also promised to buy more volume of crude oil from Nigeria. India Vice Rating: 0
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