Nigeria’s Minister of Foreign Affairs, Yusuf Tuggar, says that Nigeria has secured an investment of $14bn from India, spanning multiple sectors.
The minister told the 5th Ministerial Press Briefing in Abuja on Thursday that Nigeria has also secured €250m for local businesses through the Netherlands.
According to the minister, the Nigerian government achieved a remarkable 300 per cent oversubscription for its recent Eurobond issuance and bolstering the country’s financial standing.
Tuggar disclosed that the Nigeria government also signed strategic Memorandums of Understanding with 10 countries to strengthen bilateral relations.
The countries include Germany, Saudi Arabia, China, Equatorial Guinea, France, Cuba, Qatar, the United Kingdom, India, and Brazil.
The agreements, according to him, are targeted at enhancing cooperation in key sectors such as power, oil and gas, agriculture, and infrastructure.
“The Federal Government facilitated $14bn across multiple sectors from Indian investors. Secured €250m for Nigerian businesses from the Netherlands. For Nigeria’s Eurobond success, 300 per cent oversubscription was achieved,” he added.
GIK/APA