Nigeria has secured $14 billion in investments from India and €250 million for local businesses, as announced by Foreign Affairs Minister Yusuf Tuggar during a press briefing. He detailed the signing of strategic MoUs with ten countries, progress in combatting Boko Haram, and ongoing operations of Nigerian missions abroad despite the delay in ambassador appointments.
The Nigerian Minister of Foreign Affairs, Yusuf Tuggar, announced that the country has secured approximately $14 billion in investments from India across various sectors. This information was revealed during the 2025 Ministerial Press Briefing organized by the Ministry of Information and National Orientation. Additionally, Nigeria has obtained €250 million to support local businesses, highlighting a significant investment influx.
Tuggar reported that Nigeria’s investment achievements demonstrate a remarkable 300% oversubscription, reflecting enhanced global investor confidence. He mentioned the signing of strategic Memorandums of Understanding (MoUs) with ten countries, including Germany, Saudi Arabia, China, Equatorial Guinea, France, Cuba, Qatar, the United Kingdom, India, and Brazil, to strengthen bilateral relations.
Assuring future developments, Tuggar confirmed that the names of appointed ambassadors would be sent to the Senate for approval shortly. He acknowledged the challenges in governance and politics, stating, “It is what it is. It’s the nature of governance. It’s the nature of politics.” Despite the delay in ambassadorial appointments, he assured that Nigerian missions overseas continue to operate effectively, with various officials managing immigration and defense matters.
Addressing other concerns, Tuggar clarified that Nigeria is not collaborating with Chinese authorities regarding visa issues. He explained that the matter arose from Chinese nationals traveling without proper documentation during the COVID-19 pandemic. On national security, he highlighted progress against Boko Haram, citing the establishment of a safe corridor in Borno for the management of suspected militants.
Additionally, Tuggar spoke on Nigeria’s commitment to regional peacebuilding, referencing contributions made in Sierra Leone and Liberia. He emphasized the importance of acknowledging Nigeria’s achievements and learning from its experiences. Concerning humanitarian efforts, he discussed the evacuation of infants from Gaza, collaborating with the Red Cross and receiving support from Jordan, Egypt, and the UAE to ensure their care.
He stated, “We used our good offices and diplomacy to contact the governments of Jordan, the UAE, and Egypt…”
In conclusion, Nigeria’s diplomatic efforts have resulted in substantial investments and active international collaboration. The $14 billion investment from India and additional funding for local businesses underscore the nation’s economic potential. Minister Tuggar’s assurances regarding ambassadorial appointments and the operational functionality of Nigerian missions abroad reflect the government’s commitment to maintaining diplomatic relations while addressing national security challenges and humanitarian concerns.
Original Source: tribuneonlineng.com
