KEY POINTS

• The country obtains $14billion investment from India and €250 million from the Netherlands.
• The recent Eurobond issuance of Nigeria received subscription orders that exceeded its issuance value by 300%.
• The government signed strategic MOUs with ten nations for improving their strategic key sectors.

The Nigerian Minister of Foreign Affairs Yusuf Tuggar announced the successful acquisition of $14 billion Indian investments that span across multiple sectors.

The 5th Ministerial Press Briefing in Abuja revealed that Nigeria succeeded in obtaining $14 billion worth of Indian investments to enhance major industries across the country.

Nigeria succeeded in obtaining an investment worth €250 million from the Netherlands which supports Nigerian businesses.

The minister pointed out that this investment capital will power economic development throughout multiple sectors to boost Nigeria’s overall financial stability.

Eurobond success and strategic agreements

Tuggar pointed out that Nigeria’s recent Eurobond sale received 300 percent more applications than expected. The outstanding Eurobond issuance further helped Nigeria solidify its position as a top player in international financial circles.

The Federal Government has established important Memorandums of Understanding (MOUs) with ten different countries including Germany, Saudi Arabia and China and Equatorial Guinea, France, Cuba, Qatar, the United Kingdom, India and Brazil.

Agreements with which Nigeria attracts $14billion

Nigeria attracts $14billion,the agreements between countries focus on power generation along with oil and gas exploration as well as agricultural advancements and infrastructure improvement so both nations can develop stronger diplomatic ties.