President Bola Ahmed Tinubu says Indian investors have pledged $14 billion in direct investments in Nigeria.
Tinubu spoke during a Presidential roundtable between Nigeria and Indian Investors on the sidelines of the G20 Summit in India.He pledged that investors would benefit from their investment in the country. Among these new investments, Indorama Petrochemical Limited has pledged $8 billion U.S. dollars to expand its fertilizer production and petrochemical facility in Eleme, Rivers State.
Founding President of SkipperSeil Limited, Mr Jitender Sachdeva, announced that following President Bola Tinubu’s 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.