Nigeria has best return on investments, Tinubu tells Indian investors

Alade Abayomi ADeleke
Alade Abayomi ADeleke

Kazeem Owoseni



President Bola Ahmed Tinubu has commended the new Indian investors who have made pledges to invest about $14 b in the Nigerian economy, during the ongoing Nigeria-India Presidential Roundtable and Conference in New Delhi, India.


While lauding the new investors for their brilliant decisions, President Tinubu urged them against procrastination, saying that the best time to embark on their investment plans is now, noting that Nigeria offers the best returns on investments.


However, Indorama Petrochemical Limited, one of the many new investors, pledged an investment of $8b, in the expansion of its fertilizer production and petrochemical facility in, Eleme, Rivers State, Nigeria.


Similarly, one of India’s largest private steel producers, Jindal Steel and Power Limited, committed a $3b investment, in the Nigerian economy.


The President, alongside some other Nigerian business expounders like, Femi Otedola and Tony Elumelu, as well as some other economy experts in the government, went for the investment summit in India.

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