Nigeria has secured approximately $14 billion in investments from India, in addition to €250 million for local businesses. Minister Tuggar announced the signing of strategic MoUs with ten countries to strengthen bilateral relations. He reassured that the appointment of ambassadors is imminent and addressed issues regarding national security and humanitarian efforts related to Gaza.
The Federal Republic of Nigeria, through its Minister of Foreign Affairs, Yusuf Tuggar, has successfully secured approximately $14 billion in investments from India, spanning various sectors. This significant achievement was announced during the 2025 Ministerial Press Briefing, organized by the Ministry of Information and National Orientation. Additionally, Nigeria has garnered €250 million intended for local businesses.
Minister Tuggar noted that the investor interest is robust, highlighted by a 300% oversubscription that reflects strong global confidence and the signing of strategic Memorandums of Understanding (MoUs) with ten countries, including Germany, Saudi Arabia, China, and others. He emphasized that these agreements are pivotal in enhancing Nigeria’s international relations.
He reassured that the nominations of ambassadors are forthcoming and will soon be sent to the Senate for confirmation. Tuggar remarked on the functionality of Nigeria’s diplomatic missions abroad, despite the delay in ambassadorial appointments.
Addressing concerns related to immigration and Chinese visas, Minister Tuggar clarified that Nigeria is not cooperating with Chinese authorities in any apprehensions, as issues arose from undocumented travels during the COVID-19 pandemic.
On the matter of national security, Tuggar reported notable progress against Boko Haram, citing a strategy that has led to the establishment of a safe corridor in Borno for managing suspected militants. He underlined Nigeria’s commitment to regional peacebuilding, referencing contributions to countries like Sierra Leone and Liberia.
The Minister extended the conversation to the humanitarian situation of infants evacuated from Gaza, detailing cooperation with the Red Cross to facilitate their relocation to hospitals within Jordan, Egypt, and the United Arab Emirates. He praised diplomatic efforts that ensured these vulnerable children received necessary medical attention.
In summary, Nigeria’s recent investments, ambassadorial confirmations, and humanitarian initiatives illustrate the nation’s active role in global diplomacy and significant strides in national security and international relations.
In conclusion, Nigeria’s recent achievement of securing $14 billion in investments from India underscores its growing significance on the global stage. Minister Tuggar’s insights reflect the government’s commitment to fostering bilateral relations through strategic MoUs and addressing national security challenges. Furthermore, the proactive response to humanitarian needs and the functionality of diplomatic missions amidst challenges highlight Nigeria’s resilience and dedication to regional stability and international cooperation.
Original Source: tribuneonlineng.com
