India commits $60bn investments to Nigeria as Edun meets new envoy

From Adanna Nnamani, Abuja

India has committed about $60 billion in investments to Nigeria as both countries move to strengthen economic cooperation in key sectors, including power, infrastructure, renewable energy, and technology.

This was disclosed when the Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, received India’s new High Commissioner to Nigeria, Abhishek Singh, who was accompanied by Skipper Seil Group founder, Mr Jitender Sachdeva, on Thursday in Abuja.

According to a statement from the ministry, Edun welcomed the envoy and commended India’s longstanding partnership with Nigeria, describing the South Asian nation as a reliable ally in the country’s development journey.

He noted that ongoing economic reforms were opening new opportunities for investors and called for deeper collaboration in renewable energy, digital infrastructure, and private-sector growth.

In his remarks, Singh said India’s investment footprint in Nigeria reflects its confidence in the nation’s economic direction. He listed ongoing projects by Indian companies in Nigeria’s power sector, including power plants, substations, and solar grid installations.

“India holds the Honourable Minister in very high regard,” Singh said, commending Edun’s leadership and Nigeria’s reform momentum. He also presented a handcrafted gift and conveyed goodwill from the Government and people of India.

“Both sides reaffirmed their commitment to strengthening bilateral ties and advancing shared economic prosperity,” the statement added.