Nigeria welcomes new $5 billion Indian investment

Vice President Mohammad Hamid(India)

President Muhammadu Buhari has welcomed the proposed investment of $5 billion in the Nigerian economy by the Indian business delegation visiting the country, commending the Asian country which has already invested $10 billion in the economy.
Nigeria and India plan to expand and strengthen their relations in the areas of health, education, agriculture, technology and trade.
President Muhammadu Buhari stated this Monday when he played host to the Indian Vice President Mohammad Hamid Ansari at the State House.
President Buhari stated that the good relations between the two countries had yielded benefits in trade and investment, agriculture, technology and the fight against terrorism.

Buhari said Nigeria would emulate India’s agricultural model and its capacity to feed its one billion population, as well as export to other countries, describing the country as “sustainable and prosperous”.

The President assured Ansari that Nigeria would continue to support the reform of the United Nations Security Council, pointing out that it was unfair on the rest of the world for five countries to exercise power exclusive veto powers in the UN.
In his remarks the Indian Vice President said his country, which is the leading buyer of Nigeria’s crude oil, will increase its purchase of the commodity in addition to natural gas.
According to him, the relationship between Nigeria and India is near perfect as both countries “have nothing to quarrel about.”