Wike invites Indian investors to Abuja

The Minister of the Federal Capital Territory (FCT), Mr Nyesom Wike, has expressed his desire for significant investments from Indian investors as a means to expedite the development of Abuja, the capital territory.

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During a meeting with the Indian High Commissioner to Nigeria, Mr Shri Balasubramanian, in Abuja, Wike acknowledged the presence of numerous Indian companies in Nigeria, particularly in the petrochemicals and fertilizer sectors.

Wike emphasized the need for a similar relationship in Abuja, highlighting the improvements in security and infrastructure as part of President Bola Tinubu’s “Renewed Hope” agenda.

The minister also mentioned that the FCT Administration is responsible for creating a conducive environment for all embassies in Nigeria to carry out their duties effectively.

Balasubramanian, on the other hand, highlighted the longstanding and excellent relationship between India and Nigeria, which dates back to India’s establishment of a diplomatic office in Lagos in 1958.

He noted that there are currently over 155 Indian companies operating in Nigeria, with investments exceeding $27 billion in various manufacturing sectors, including plastics, steel, oil, and pharmaceuticals.

Balasubramanian also mentioned that Indian companies are the second-largest employers in Nigeria, after the Nigerian government.