Four Indian conglomerates, including Indorama Petrochemical Limited and Jindal Steel and Power Limited, have pledged to invest $14 billion in Nigeria.
The investment commitments were made on Wednesday during the Nigeria-India presidential roundtable and conference, according to a statement issued by Ajuri Ngelale, President Bola Tinubu’s spokesman.
Ngelale said President Tinubu applauded the Indian companies, assuring the foreign investors that their investments in Nigeria would yield fruitful returns.
According to the statement, Tinubu commended the firms for investing in a country that offers “the best returns for investment possible”, adding that “there’s nowhere else like our country”.
He asked the investors to put their fears aside, assuring that he leads a team that can drive the goal of broad prosperity through investment and infrastructure.
“Do not procrastinate. Don’t be frightened about investments in Nigeria. Bring it on. Ask your questions and make your requests. The trade and investment opportunities are enormous.
“I have a team, and I am the captain of that team, and I assure you that we solve problems,” the statement quoted Tinubu as saying.
