• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Saturday, November 1, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
    • Football
  • Health
  • Entertainment
  • Education
  • Opinion
    • Editorial
    • Columns
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
    • Football
  • Health
  • Entertainment
  • Education
  • Opinion
    • Editorial
    • Columns
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

India’s Investment In Nigeria Hits $27bn, Strengthens Economic Ties

by Kingsley Okoh
2 years ago
in Business
india's investment in nigeria
Share on WhatsAppShare on FacebookShare on XTelegram

Just as India’s investment in Nigeria hits $27billion,Nigeria and India have restated their commitment to strengthen the cultural and economic relationships between both countries.

Advertisement

The Consul General of India, Lagos, Nigeria, Chandramouli Kern, said the move is vital considering the similarities of culture and religious beliefs the countries share.

He stated this, on the sidelines of an annual prayer service event tagged ‘Mata ka Jagran’  organised by the Shan E Punjab Association of Nigeria (SPAN)

Advertisement

According to him, India is one of the largest trading partners of Nigeria, saying that India is the biggest importer of Nigeria’s crude oil and natural gas while Nigeria is also a net importer of India’s rice and pharmaceuticals.

He, however, commended Indian companies operating in the country for creating employment opportunities for Nigeria’s teeming unemployed youths.

He pointed out that India’s total investment in the country has hit over $27 billion with over 200 Indian companies operating in the country.

RELATED NEWS

Malnutrition: Firm Tasks Policy Makers, Stakeholders On Mass Agric Investments

FirstBank Meets 50,000 Tree Planting in 3 Years

OPay Empowers 420 Students With N126m In First Phase of N1.2bn Scholarship Scheme

Meter Exchange: Outrage In Nyanya As Residents Accuse AEDC Staff Of Extortion

Speaking at the prayer ceremony, he said, it is an important occasion to remain culturally aligned with India whose proceeds would be generated for charity.

“This event is organised by a prominent Indian community association. It is an important occasion to remain culturally aligned with India which the Indian community generates funds to donate to charity. It is keeping our people happy and we want to thank Nigerians for giving us the support to celebrate the Indian community,” he said.

“It is also used for bringing the cultural roots between India and Nigeria. They raise the fund and distribute it for different purposes. India and Nigeria have strong bilateral relationships politically, economically and culturally. We are both aligned for so many decades. Our relationship with Nigeria dates back before Nigeria’s independence,” he added.

Earlier, the president, SPAN, Mr. Narindera Chugh, said Nigeria is the best kept secret of the world, adding that, there are a lot of economic potentials Nigeria and India can explore going forward.

“I feel there are a lot of similarities between both countries as they have lots to gain as far as culture and economics are concerned. I believe there is a lot for both countries to gain from this prayer event,” he said.

“Nigeria is the best kept secret of the world, I enjoy the wonderful people here, the beauty in Lagos and outside Lagos and I feel that there is a lot Nigeria has to do to grow more and I also believe in the potential of the people and resources. I believe there is a lot Nigeria can do for the world,” he averred.

On his part, the vice president, SPAN, Dr. Grover, said the prayer service is an annual prayer service event organised before celebrating one of the major religious festivals in Hinduism, called Divali where it brings in the Chief Priest and some artistes in India to pray and recite hymns.

“Lots of food would be served for the whole entire community. Lot of people would be attending this programme and we also have officials from the Lagos State government, Ministry of culture and some Nigerian sponsors who have sponsored this event. 

“This event is beneficial for both of the countries because India and Nigeria have a strong cordial relationship so the prayer service is for the goodwill of Nigeria, Nigerian people and the Nigerian Indian community,” he added.

 

Join Our WhatsApp Channel

Breaking News: Nigerians at home and abroad can now earn in USD by acquiring ultra-premium domains from $3,000 and profiting up to $36,000. Perfect for professionals. Click here.

SendShareTweetShare

OTHER NEWS UPDATES

Malnutrition: Firm Tasks Policy Makers, Stakeholders On Mass Agric Investments
Agriculture

Malnutrition: Firm Tasks Policy Makers, Stakeholders On Mass Agric Investments

7 hours ago
FirstBank’s N1trn Digital Loan Disbursement Milestone And New Era Of Inclusive Lending
Business

FirstBank Meets 50,000 Tree Planting in 3 Years

7 hours ago
OPay Assures Smooth BVN/NIN Linkage On Platform
Business

OPay Empowers 420 Students With N126m In First Phase of N1.2bn Scholarship Scheme

7 hours ago
Advertisement
Leadership join WhatsApp

LATEST UPDATE

Troops Arrest 20 Terrorists, Rescue 17 Hostages

24 minutes ago

JUST-IN: Bandits Kidnap Kebbi Deputy Speaker

52 minutes ago

Federal Gov’t Reacts To Trump’s Re-designatation Of Nigeria As CPC, Reaffirms Commitment To End Terrorism

1 hour ago

JUST-IN: Resident Doctors Begin Indefinite Nationwide Strike Saturday

1 hour ago

Frills And Thrills Over Change Of Security Chiefs

7 hours ago
Load More

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
    • Football
  • Health
  • Entertainment
  • Education
  • Opinion
    • Editorial
    • Columns
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.