PRESIDENT TINUBU TO INDIAN INVESTORS: DO NOT PROCRASTINATE AS NIGERIA OFFERS THE BEST RETURN ON INVESTMENT; LAUDS $14 BILLION IN NEW INVESTMENT PLEDGES AT NIGERIA-INDIA ECONOMIC ROUNDTABLESeptember 6, 2023
President Bola Tinubu on Wednesday commended Indian investors for significant investment pledges amounting to nearly $14 billion U.S. dollars committed during the Nigeria-India Presidential Roundtable and Conference in New Delhi, India, saying, “We are 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.”
Among these many new investments, Indorama Petrochemical Limited has pledged a new investment of $8 billion U.S. dollars in the expansion of its fertilizer production and petrochemical facility in Eleme, Rivers State.
Jindal Steel and Power Limited, one of India’s largest private steel producers, has committed to investing $3 billion in Nigeria, following discussions with the President.