Nigeria attracts $14bn, €250m foreign investments from India, Netherlands

Nigeria’s federal government has secured an investment of $14bn from India, spanning multiple sectors.

Yusuf Tuggar, Minister of Foreign Affairs, announced this during the 5th Ministerial Press Briefing in Abuja on Thursday.

In addition to the Indian investment, the country has also secured €250m for local businesses through the Netherlands.

Tuggar highlighted that the Federal Government had achieved a remarkable 300% oversubscription for its recent Eurobond issuance, further bolstering the country’s financial standing.

Tuggar also shared that Nigeria has signed strategic Memorandums of Understanding with ten countries to strengthen bilateral relations.

These countries include Germany, Saudi Arabia, China, Equatorial Guinea, France, Cuba, Qatar, the United Kingdom, India, and Brazil.

The agreements aim to enhance cooperation in key sectors such as power, oil and gas, agriculture, and infrastructure.

He said, “FG facilitated $14bn across multiple sectors from Indian investors.

“Secured €250m for Nigerian businesses from the Netherlands.

“For Nigeria’s Eurobond success, 300% oversubscription achieved.

“Nigeria signed strategic MOUs with Germany, Saudi Arabia, China, Equatorial Guinea, France, Cuba, Qatar, UK, India, and Brazil. Strengthening key sectors like power, oil & gas, agriculture, and infrastructure.”