"Nigeria Secures $14 Billion Investment Pledges from India, Aims for Economic Partnership"

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Source: Reuters
"Nigeria Secures $14 Billion Investment Pledges from India, Aims for Economic Partnership"
Photo: Reuters
TL;DR Summary

Nigeria has secured nearly $14 billion in investment pledges from Indian companies, including Jindal Steel and Power, Indorama Corp, Skipperseil Ltd, and Bharti Enterprises. The country is also seeking an economic cooperation pact with India and has approved a $1 billion partnership agreement with the Indian government to boost local manufacturing and production of defense equipment. Nigeria's President, Bola Tinubu, will attend the G20 summit in New Delhi and aims to mobilize global capital for infrastructure development in Nigeria. The government is focusing on attracting investments to fund job creation and infrastructure projects, as part of its efforts to revive the struggling economy.

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