FG attracts $14bn, €250m foreign investments from India, Netherlands

By Seun Ibiyemi

The Federal Government has secured a $14 billion investment from India, covering various sectors, according to the Minister of Foreign Affairs, Yusuf Tuggar.

The announcement was made during the 5th Ministerial Press Briefing in Abuja on Thursday.

Beyond the Indian investment, the country has also obtained €250 million from the Netherlands to support local enterprises.

Tuggar underscored the Federal Government’s success in achieving an impressive 300 per cent oversubscription for its latest Eurobond issuance, reinforcing Nigeria’s financial stability.

He also revealed that Nigeria has formalised strategic agreements with ten nations to strengthen bilateral relations. These countries include Germany, Saudi Arabia, China, Equatorial Guinea, France, Cuba, Qatar, the United Kingdom, India, and Brazil.

The agreements are designed to foster cooperation in critical sectors, including energy, oil and gas, agriculture, and infrastructure development.

According to Tuggar, “The Federal Government has facilitated a $14 billion investment from Indian investors across multiple industries and secured €250 million from the Netherlands to support Nigerian businesses.

“The successful Eurobond issuance, which recorded a 300 per cent oversubscription, further demonstrates confidence in Nigeria’s economic prospects.

“In addition, Nigeria has formalised strategic partnerships through Memorandums of Understanding (MoUs) with countries such as Germany, Saudi Arabia, China, Equatorial Guinea, France, Cuba, Qatar, the United Kingdom, India, and Brazil. These collaborations are set to strengthen key sectors, including power, oil and gas, agriculture, and infrastructure.”