FRI, SEPT 08 2023-theGBJournal |Business Magnate, Tony Elemelu assured Nigerians Thursday In India that Nigeria was the best place to invest and that a bet on Nigerians is one of the best bets anyone can ever make, citing Nigerian success in all countries of the world.
“We believe in Africa, but especially in Nigeria. An investment in Nigeria promises a return that is scarcely found anywhere in the world and I do business across several continents,” the Africapitalist concluded.
Elumelu shared his viewed as President Bola Tinubu, who is currently in India for the G-20 Summit, also shared his conviction with Nigerians during an interaction with them on Thursday evening.
Earlier the President The President called on Nigerians to harness the country’s rich diversity as a uniquely powerful tool for advancing prosperity and national development for the benefit of all citizens, emphasizing that our diversity must be leveraged to drive economic growth, innovation, and social progress.
“We are here to present a new future to you. A future of a country that is so rich, endowed, and highly populated. Very dynamic, unique in its culture, tradition, and ethnicity. That is what will make our prosperity possible, if only we can make use of our diversity for prosperity,” he implored.
The Minister of Foreign Affairs, Ambassador Yusuf Tuggar, while addressing the students during the interaction session, explained that President Tinubu’s foreign policy thrust included four Ds, with one of them being Diaspora, which focuses on improving the quality of services that Nigerians in the Diaspora receive at Nigerian Missions abroad.
“The issue of passport delays will be a thing of the past. You won’t have to wait indefinitely for your passports to be ready. Secondly, you are the first point of contact between Nigerians and other countries. We can’t grow beyond what our people project. That is why it is very important for you to project a consistently positive image of Nigeria online and off-line,” Nigeria’s Chief Diplomat said.
Meanwhile, Indian investors has pledged nearly $14 billion U.S. dollars committed during the Nigeria-India Presidential Roundtable and Conference in New Delhi, India.
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 President Tinubu on the sidelines of the G-20 Summit in New Delhi, India.
Founding President of SkipperSeil Limited, Mr. Jitender Sachdeva announced that, following President Bola Tinubu’s personal intervention, he is investing $1.6 billion U.S. dollars in the establishment of twenty 100MW power generation plants across the states of Northern Nigeria, amounting to 2,000MW of new power within the next four years.
Additionally, the President has approved finalization on a new $1 billion U.S. dollar agreement to bring the Defense Industries Corporation of Nigeria (DICON) to 40% self-sufficiency in local manufacturing and production of defense equipment in-country by 2027 through a comprehensive new partnership with the Managing Arm of the Miltary-Industrial Complex of the Indian Government.
Another Indian firm, Bharti Enterprises, which is a major first-generation corporation in India with interests in telecom, space communications, digital solutions, insurance, processed foods, real estate, and hospitality, has expressed its commitment to invest an additional $700 million in Nigeria, with work set to begin immediately.
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