India Has Promised To Buy More Oil From Nigeria And Invest $5 Billion In The Economy

The India government has promised to buy more volume of crude oil from Nigeria. The Asian country has also pledged to invest $5bn in the Nigeria economy. India Vice President, Mohammad Ansari made the pledge recently at the state house Abuja, when he paid a visit to President Muhammadu Buhari.

According to the Senior Special Assistant to the President on Media and Publicity, Mallam Garba Shehu, the relationship Nigeria and India was near perfect as both countries have no disagreement. President Buhari while responding to the gesture, thanked India for the plan to invest in Africa largest economy.

He assured that Nigeria would continue to expand its relationship with the Asian country in the areas of health, education, agriculture, technology and trade. He reiterated that India had already invested about $10bn in Nigeria economy before.

Buhari said his country would emulate India’s agricultural model and capacity to feed its one billion populations and also export to other countries, describing the Asian country as a” sustainable and prosperous nation. Read more on this.