President Tinubu Secures 7 Investment Deals worth $14bn Indian Investors.

In the course of the conference, President Tinubu successfully secured a number of investment commitments from some Indian investors.

Addressing participants at the conference, President Tinubu assured that Nigeria is open for business with enormous opportunities for investors. He also assured them of good government policies that will favour foreign investments.

He said: he were ready to give you the best returns for investment possible, there’s nowhere else like our country. Nigeria offers the best returns for investment today, so invest now.

The new investors include Indorama Petrochemical Limited, Jindal Steel and Power Limited, Bharti Enterprises and Jitender Sachdeva, President of SkipperSeil Limited.

1. Indorama Petrochemical Limited announced a commitment of $8 billion in fresh investment for the expansion of its fertilizer production and petrochemical facility located in Eleme, Rivers State.

2. Jindal Steel and Power Limited, a prominent Indian private steel manufacturer, has made a substantial commitment of $3 billion for investment in Nigeria's iron ore and steel sector.

3. The Founder and President of SkipperSeil Limited, Mr. Jitender Sachdeva, revealed that he will be directing a substantial investment of $1.6 billion towards the establishment of twenty 100MW power generation plants spread across the Northern states of Nigeria.

This initiative is set to contribute 2,000MW of additional power capacity to the region within the upcoming four years.

4. Bharti Enterprises officially declared its dedication to inject an extra $700 million into Nigeria. This investment is poised to commence without delay.

The prominent first-generation Indian corporation is engaged in a wide range of sectors including telecom, space communications, digital solutions, insurance, processed foods, real estate, and hospitality

5. The President has given the green light for the completion of a fresh agreement worth $1 billion aimed at achieving a 40% level of self-sufficiency in the local manufacturing and production of defense equipment by 2027 for the Defense Industries Corporation of Nigeria (DICON).

This ambitious goal will be realized through a comprehensive partnership with the Managing Arm of the Military-Industrial Complex of the Indian Government.

6. Dr. Bosun Tijani, Nigeria's Minister of Communication, Innovation, and Digital Economy, and his Indian counterpart from the Ministry of Electronics and Information Technology, have jointly signed a Memorandum of Understanding (MoU) aimed at collaborating in the sharing of successful digital solutions.

This collaboration will focus on implementing these solutions at a nationwide scale to facilitate comprehensive digital transformation efforts.

Additionally, the minister entered into a Memorandum of Understanding (MoU) with the Central Square Foundation to facilitate cooperation in the realm of Sharing Successful Ecosystems.

These initiatives encompass interventions in the field of educational technology and will be executed on a broad scale to drive digital economic transformation.

7. Furthermore, Dr. Doris Uzoka-Anite, the Minister of Trade and Investment, signed a third Memorandum of Understanding (MoU) focused on Infrastructure Development.

This agreement brings together the Infrastructure Corporation of Nigeria Limited (InfraCorp) and Invest India, the National Investment Promotion and Facilitation Agency of India.

Invest India plays a pivotal role in assisting investors seeking opportunities and options for investment within India.

Tinubu Appoints Chioma Awuzie Substantive Rector, Fed Poly Oko

President Bola Ahmed Tinubu has approved the appointment of Dr. Chioma Irene Awuzie as the substantive Rector of Federal Polytechnic, Oko, Anambra State. Dr. Awuzie's appointment, which takes effect immediately for a five-year term, follows the recommendation of the Polytechnic's Governing Council, chaired by Sen. Dr. Barnabas Gemade, after a transparent and competitive selection process where she emerged as the leading candidate. Prior to her appointment, Awuzie, who holds a Doctorate Degree in Physical and Materials Chemistry, was a distinguished Chief Lecturer in the Department of Science Laboratory Technology (Chemistry Option) and also Director in-charge of Tertiary Education Trust Fund (TETFund) Projects in the Polytechnic. Under her stewardship, Federal Polytechnic, Oko, witnessed unprecedented advancements in infrastructure and institutional transformation. Her leadership facilitated monumental developments across the Polytechnic’s campuses in Oko, ...

#Watchvideo : SECURITY FORCES BURST THE CAMP OF UNKNOWN GUNMEN IN AKOKWA

Security Forces in the state through a coordinated intelligence report has bursted the camp of the unknown gunmen at Akokwa, Arondizuogu after a long gun duel which resulted to the death of some of the criminals and others arrested. These criminal elements have been known to be behind several attacks in the state such as the killing of police men in Mbaise, Aba Branch in Ehime Mbano, burning down of police stations, attack and attempted kidnapping of former Governor Ikedi Ohakim, abduction of Miss. P.P. Johnson, a female soldier in Okigwe and recently the attack in Akokwa that left many dead. It is obvious that these daredevil gunmen have been perpetuating their evil plans unabated until yesterday when their camp was bursted by security agencies. This is another assurance that our security operatives are leaving no stone unturned in the fight against banditry and other related activities. While it has become obvious that the activities of these non state actors are politically motivate...

BREAKING: 2Baba Shot Dead In Rivers State

A notorious cult leader and the prime suspect in the brutal murder of the late Divisional Police Officer, SP Bako Angbashim, in the state, Gift Okpara, popularly referred to as 2Baba, has been reportedly killed in a police-led major security raid. The police and other security agencies were said to have conducted land and aerial raids at the identical hideout of the Iceland cult leader and his gang at Idu-Ekpeye in Ahoada East local government area of Rivers on Saturday, February 17. According to The Nation , the Iceland cult leader was reportedly feared dead after the operation. Recall that in September 2023, the late DPO was ambushed and captured by the cult group led by 2Baba in the Odiemudie community, Ahoada East LGA. 2Baba and his gang then took the DPO to the forest, where they killed him and dismembered his body. The cultists then filmed him. Another source, Obi, said he saw no less than 15 vehicles and an Armored Personnel Carrier (APC) during th...

NIGERIAN NOTCH

Search This Blog