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135 Indian companies invest $19bn in Nigeria, says envoy

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The Indian High Commissioner to Nigeria, Shri G. Balasubramanian, says over 135 Indian companies have so far invested 19 billion dollars in Nigeria in the last four decades of diplomatic relations between the two countries.

Balasubramanian, who said this when he paid a courtesy visit to the News Agency of Nigeria (NAN) on Wednesday in Abuja, commended the India-Nigeria mutual bilateral relations.

He said that the relations between India and Nigeria had been excellent, saying the visit was to deepen news and cultural programme exchanges between both countries.

According to him, the visit seeks to promote avenues where India and Nigeria could cooperate through information sharing, news networks, among other things.

“The cultural relations, the connection between our people is really good and with your assistance I will certainly like to strengthen this tie.

“There are over 135 Indian companies, which have invested about $19billion in Nigeria over a period of years, not in one year, but for the past four decades.

“Most of them are in Lagos, they are in every part of Nigeria and are in the manufacturing sector of the economy, steel, oil and gas or pharmaceuticals.

“Three billion dollars of that is in pharmaceuticals manufactured in Nigeria by Indian companies; there is strong relationship we have in pharmaceuticals and other business activities.

“Nigeria is home to about 60, 000 Indians who are living and who have made Nigeria as their home literally, for the past four decades.”

The envoy also promised to strengthen the relationship between his country and Nigeria, with the assistance of NAN management.

He said that Nigeria’s invitation as guest participant to the G20 Summit scheduled for 2023 in India would form a unique opportunity to showcase the priority of developing countries to the world.

He said that the importance of the relations between the two countries was well known in India, hence Nigeria’s invitation to the Summit from Sept. 9 to Sept.10, in New Delhi.

The envoy listed plans by the mission to host journalists from across West Africa on field visits to India with a renewed offer of 500 scholarships to Nigerians and promote the study of Mass Communication in India, in 2023.

He further reeled out the mission’s programmes to be India National Day on Jan. 26, Food Festival and Cooking Competition on Jan. 28,  and facilitation of “Yoga” weekly-exercise to boost healthy living.

Responding, the Managing Director of NAN, Mr Buki Ponle, commended Balasubramanian for the visit, saying it was apt in deepening relations on information sharing and news network between the two countries.

He said that the relationship between the mission and the agency started on a very nice note, adding that a lot would be done to explore other spheres to produce best results for both countries.

Ponle said, “We are friendly, we accommodate and we want to be friends forever for mutual benefit; it extends to us in NAN to see outsiders as part of us.

“NAN and India share a common goal right from inception, the agency was established by an Act in 1976 and we started operation in 1978 and incidentally I was a pioneer member of staff.

“We also had a partnership with the Press Cross of India, we were always going to India for further studies in Mass Communication, but there was a stage when the agreement was no longer in vogue.

“With renewed relationship we hope the partnership will be revived; we will offer everything to make your stay highly rewarding in areas of coverage, enhanced visibility and exposure.

“We are always at your service and that also translates to making ourselves available for your country’s activities in Nigeria and over there in India.”

He reiterated that such practice would be informed by news and cultural exchange through information and communication sharing, as well as other areas that would be beneficial to both countries.

The managing director assured Balasubramanian of adequate support by the agency in coverage of the forthcoming G20 Summit.

The agency boss also appealed for facilitation of the exchange programme between the NAN and News Agency in India through signing of agreement to ensure seamless flow of information and communication on a daily basis.

Ponle noted that the agency had two agreements with the Bulgarian News Agency, as well as Turkey in addition to news exchange programmes in line with Reuters, AFP and China News Agency.

He said that the agency sought to establish such a partnership with India too.

 

(NAN)

 

 

 

 

 

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International

EU Allocates €2.3m to Combat Cholera Outbreaks in West, Central Africa

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The European Commission has allocated €2.3 million in emergency humanitarian funding to Nigeria, Cameroon, the Central African Republic (CAR) and Chad to support efforts to contain ongoing cholera outbreaks across the countries.

The funding comes amid a growing cholera burden in Africa, with the World Health Organization (WHO) reporting more than 61,000 cases in the African Region during the first five months of 2026.

Nigeria will receive the largest share of €1.5 million to strengthen the country’s response to the outbreak. The funds will support additional intervention teams, the provision of essential cholera supplies, including treatment kits, and water, sanitation and hygiene interventions.

The EU said the support will also help treat public water points and household water sources, intensify epidemiological surveillance in hard-to-reach areas, strengthen case management and improve risk communication and community sensitisation.

Cameroon will receive €100,000 to support outbreak containment and case management. The funding will provide additional humanitarian personnel, essential medicines, cholera treatment units and oral rehydration points in communities most affected by the outbreak.

In the Central African Republic, €500,000 will be used to scale up cholera case management and vaccination, while strengthening water, sanitation and hygiene interventions. The funds will also support risk communication, community engagement, surveillance, case detection and dignified and safe burials.

Chad will receive €200,000 to help break the chain of cholera transmission through improved access to safe water, sanitation and hygiene, as well as community support for surveillance and case management.

The EU Commissioner for Preparedness and Crisis Management, Hadja Lahbib, said cholera remains a preventable and treatable disease but continues to threaten lives where access to safe water and healthcare is limited.

“Cholera is preventable and treatable. Yet it still threatens lives when people lack something as basic as safe water and healthcare,” Lahbib said.

She added that the emergency funding would enable humanitarian partners to respond quickly, contain outbreaks and protect communities at greatest risk.

Cholera is an acute bacterial infection caused by Vibrio cholerae, which is commonly transmitted through contaminated food or water. Severe cases can result in rapid dehydration and require urgent medical treatment.

The latest EU intervention is aimed at strengthening public health responses, preventing further transmission and protecting vulnerable communities across the four affected countries.

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Nigeria, Benin Deepen Defence Cooperation to Combat Cross-Border Security Threats

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General Musa addressing troops Musa inspects Nigerian Army troops deployed in Togbin, Cotonou, on the Peace Support Mission in the Republic of Benin under Operation ATILEYIN ALAFIA II (Photo by Office of Honourable Minister of Defence)
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Nigeria and the Republic of Benin have agreed to strengthen their bilateral defence cooperation and deepen joint efforts to tackle cross-border security threats, terrorism, piracy and other forms of transnational crime across West Africa.

The agreement followed a three-day working visit to Cotonou by Nigeria’s Minister of Defence, General Christopher Musa (Rtd.), at the invitation of his Beninese counterpart, Gildas Agonkan.

During the high-level engagements, both countries discussed measures to harmonise regional security frameworks, enhance intelligence sharing and reinforce military collaboration to safeguard democratic governance, secure shared land borders and strengthen security in the Gulf of Guinea against piracy and maritime crime.

A major outcome of the discussions was the decision to establish seamless, real-time intelligence fusion mechanisms that will enable the armed forces of both countries to track, monitor and neutralise transnational criminal networks and insurgent groups before they carry out attacks.

General Musa reaffirmed Nigeria’s commitment to a zero-tolerance policy against terrorism, stressing the need for closer military cooperation to deny violent extremist groups safe havens within the shared border communities. Nigeria also offered Benin an expanded pursuit range for security personnel operating along the borders to help prevent insurgent infiltration, illegal trafficking and other cross-border crimes.

As part of the visit, the Defence Minister inspected Nigerian Army troops deployed in Togbin, Cotonou, under Operation ATILEYIN ALAFIA II, a Peace Support Mission in the Republic of Benin.

Addressing the troops, General Musa commended their dedication and assured them of the Federal Government’s continued support.

“We are going to partner with the troops of the Republic of Benin to ensure that we stop all those bandits and criminals that are killing people in our countries, so that we can deal with them,” he said.

He explained that one of the key objectives of his visit was to engage with Benin’s Defence Minister to develop coordinated operational strategies aimed at preventing criminal elements from exploiting the porous borders between both countries.

General Musa also conveyed President Bola Ahmed Tinubu’s commitment to improving the welfare of members of the Armed Forces. He assured the troops that the Federal Government was taking concrete steps to provide better welfare packages, equipment and other necessary support to enable them to effectively carry out their duties.

The Nigerian delegation also visited the Centre for Post-Conflict Demining and Explosive Ordnance Disposal Operations, as well as the Glo-Djigbe Industrial Zone. The visits were aimed at promoting local capacity building and supporting the Defence Ministry’s Intelligence-Driven and Technology-Enabled Defence strategy.

Both countries also exchanged ideas on strengthening industrial development, economic cooperation and regional integration in line with the Economic Community of West African States (ECOWAS) protocols and the African Continental Free Trade Area (AfCFTA).

General Musa further held diplomatic consultations with Nigeria’s Ambassador to the Republic of Benin, Mrs. Mopelola Ibrahim, where he reaffirmed President Tinubu’s commitment to military welfare, regional peace and enhanced security cooperation among neighbouring countries.

The Defence Minister has since concluded his official visit and returned to Abuja after reaffirming Nigeria’s commitment to closer defence collaboration with the Republic of Benin in addressing emerging security challenges across the West African sub-region.

 

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US-Iran Tensions Push Global Oil Prices to One-Month High

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Global oil prices climbed sharply on Tuesday, reaching their highest level in one month, as renewed military tensions between the United States and Iran raised fresh concerns over the security of oil supplies through the Strait of Hormuz.

Brent crude, the international benchmark for oil prices, rose by 4.19 percent to $86.79 per barrel, its highest level since June 12. Meanwhile, the US West Texas Intermediate (WTI) crude gained 3.16 percent to $80.61 per barrel.

The increase follows reports that the United States reimposed a naval blockade on Iran, while renewed exchanges between Washington and Tehran heightened fears of possible disruptions to global energy supplies.

On July 12, Iran announced it had closed the Strait of Hormuz after its naval forces fired a cruise missile at a vessel it alleged was sailing through an unauthorized route. The Strait of Hormuz is one of the world’s most important oil shipping routes, with a significant share of global crude exports passing through it daily.

The latest development marks a sharp reversal from just one month ago, when crude oil prices fell to around $82 per barrel after the United States, Israel and Iran reached an agreement to end hostilities across the Middle East, including Lebanon, and reopen the vital waterway.

In Nigeria, the earlier decline in global crude oil prices sparked concerns over domestic fuel pricing.

The Federal Competition and Consumer Protection Commission (FCCPC) had accused petroleum marketers of failing to fully pass the benefits of lower international oil prices to consumers, arguing that reductions in pump prices were not proportional to the decline in crude oil prices.

Similarly, Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, disclosed that the Federal Government was engaging oil marketers and regulators to ensure that changes in global crude oil prices are more transparently reflected in the prices Nigerians pay for petrol.

On July 10, the Federal Government also convened a meeting with key stakeholders in the oil and gas sector to discuss fair and transparent pricing of petroleum products across the country.

With fresh geopolitical tensions threatening global oil supplies, analysts say international crude prices could remain volatile in the coming days, with possible implications for fuel prices worldwide, including in Nigeria.

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