Tag: India

  • India okays $7b investment for Nigeria

    India okays $7b investment for Nigeria

    President Bola Tinubu‘s foreign investment drive is yielding the desired results as the India government said it has signed a $7billion investment into Nigeria.

    This is from the promised $14  billion investment reached with Nigeria at the last G20 Summit.

    Tinubu was at the G20 September 2023 Summit hosted by India, where the investment promise was made by the government of India.

    Indian High Commissioner to Nigeria, Mr. Gangadharan Balasubramanian disclosed the signing on Friday night at his country’s 75th Republic Day celebrations.

    The envoy also revealed that no fewer than 150 Indian companies are currently operating in Nigeria.

    He said the companies have a combined investment of $27 billion.

    He stressed that India and Nigeria enjoy historical relations. “India and Nigeria enjoy strong and historical relations.  With the ties dating back to before Nigeria’s independence, our bilateral relations have been nurtured by the leadership of both countries.  Our economic and trade relations are strong and growing. 

    “Currently nearly 150 Indian companies with an investment of USD 27 billion are in Nigeria, mainly in the manufacturing sector and employ the largest number of people after the Federal Government. 

    “Owing to the special relationship, India had invited Nigeria as a Guest Country during her presidency of G20.  We had a memorable visit of H.E. Mr. Bola Ahmed Tinubu, President of the Federal Republic of Nigeria to the G20 Summit last year in September, that consolidated the ties further.

    ” Out of the $14 billion promised during this visit as an investment into the Nigerian economy, $7 billion has already been signed immediately after the visit.

    Read Also: India okays $7b investment for Nigeria

    ” Earlier this week, we had a successful visit of our External Affairs Minister Dr. S. Jaishankar for the Joint Commission meeting. 

    “He had interactions with the leadership and business community in Nigeria and the Indian Diaspora. 

    “We stand shoulder to shoulder with our Nigerian friends in our joint journey towards development and would like to convey the commitment of the Government of India in further strengthening our ties.”

    Also, Nigeria’s Minister of Foreign Affairs, Ambassador Yusuf Tuggar in his Remark said the trade volume between both countries was in the region of $20 billion in the last two years.

    According to him, the trade volume consists of $14.95 billion in the formal sector and about  $5 billion in the informal sector.

    He said, “The state of Nigeria-India economic relations has seen remarkable improvement in recent years. Trade volume between the two countries has increased significantly. India is now Nigeria’s largest trading partner in Africa and the highest importer of Nigeria’s

    ” Similarly, Nigeria is India’s largest trading partner in Africa.

    Bilateral trade between both countries in the last two years amounted to approximately USD 14.95 billion in the formal sector

    and about USD 5 billion in the informal sector.”

    He also added that the bond between both countries runs deep and is characterized by a variety of aspects.

    “This bond between our two countries is further reinforced by the smooth disposition of both countries to each other which witnessed the aspiration for the reform of the UN Security Council.”

    Also, Kaduna State governor, Uba Sani said his state is doing a lot with India in the area of renewable energy and primary healthcare.

    He said, “I can say clearly that we are doing a lot with India. India is supporting us with renewable energy, especially in our Primary Healthcare Centres.

    “Private companies in India are also working with the Kaduna State government.”

  • India okays $7b investment for Nigeria

    India okays $7b investment for Nigeria

    President Bola Tinubu’s foreign investment drive is yielding the desired result as India said it has signed $7billion investment for Nigeria.

    This is from the promised $14  billion investment pledge reached with Nigeria at the last G20 Summit. 

    President Tinubu was at G20 September 2023 Summit hosted by India where the Indian Government promised the investment. 

    Indian High Commissioner to Nigeria, Mr. Gangadharan Balasubramanian disclosed the signing on Friday night at his country’s 75th Republic Day celebrations. 

    The envoy also informed not less than 150 Indian companies are operating in Nigeria. 

    He said the companies have a combined investment of $27 billion. 

    He stressed that India and Nigeria enjoy a historical relations. 

    According to him: “India and Nigeria enjoy strong and historical relations.  With the ties dating back to before Nigeria’s independence, our bilateral relations have been nurtured by the leadership of both the countries.  

    “Our economic and trade relations are strong and growing. Currently nearly 150 Indian companies with an investment of USD 27 billion are in Nigeria, mainly in the manufacturing sector and employ the largest number of people after the Federal Government.  

    “Owing to the special relationship, India had invited Nigeria as a Guest Country during her presidency of G20.  We had a memorable visit of H.E. Mr. Bola Ahmed Tinubu, President of the Federal Republic of Nigeria to the G20 Summit last year in September, that consolidated the ties further. 

    “Out of the 14 billion promised during this visit as investment into Nigerian economy, 7 billion has already been signed immediately after the visit. 

    Read Also: Tinubu mourns, as Zulum’s spokesman Isa Gusau dies in India

    ” Earlier this week, we had a successful visit of our External Affairs Minister Dr. S. Jaishankar for the Joint Commission meeting.  

    “He had interactions with the leadership and business community in Nigeria and the Indian Diaspora.  

    “We stand shoulder to shoulder with our Nigerian friends in our joint journey towards development and would like to convey the commitment of the Government of India in further strengthening our ties.”

    Minister of Foreign Affairs, Ambassador Yusuf Tuggar, said the trade volume between both countries was in the region of $20 billion in the last two years. 

    According to him, the trade volume consist of  $14.95 billion in the formal sector and about  $5 billion in the informal sector.

  • ‘India taking millions of its people out of extreme poverty’

    ‘India taking millions of its people out of extreme poverty’

    Justin Wolfers, a professor of public policy and economics at the University of Michigan, has commended India for taking millions of its people out of extreme poverty as a result of its good economic policies.

    Wolfers disclosed this while speaking about forms of inequality in the world and their redressal during an interview.

    Speaking about the world’s greatest economic challenge today, he said: “The most immediate one encompasses the tremendous disruptions of global warming and trying to transition to a greener economy. These have huge implications over the next couple of decades.

    “Also, too often in developed economies like the United States, when we say we care about inequality, we are thinking about the problems of the middle class. But if you want to raise total human well-being, the real challenges we face are of economic development or empowering those who simply have too little.

    Read Also: Footballers whose relatives were kidnapped

    “The optimist in me sees the world’s greatest anti-poverty program being China’s adoption of markets which took millions out of poverty — today, India’s emerging economy is doing something very similar. Figuring out how to adapt economic models to regions which have seen the most suffering is a key challenge.”

    He suggested that global income inequality was declining, stressing that many of the world’s very poor were in China but its growth lifted hundreds of millions to better living circumstances.

    “We are now seeing the same happen with India. The biggest low-income nations have moved closer to becoming middle-income — that itself helps to reduce global income inequality.

    “Regarding inequality within countries, consider the US. Here, income inequality grew for four decades — you could put that on Reagan, globalisation, automation, etc.

    “But enormous government assistance was offered during the pandemic — this really served people at the bottom. Inequality fell — and it has continued to decline in the US.”

  • India tells Canada to remove 41 diplomats

    India tells Canada to remove 41 diplomats

    India has told Canada to remove 41 of its 62 diplomats in the country, an official familiar with the matter said yesterday.

    The order has ramped up a confrontation between the two countries over Canadian accusations that India may have been involved in the killing of a Sikh separatist leader in suburban Vancouver.

    The official, who confirmed an earlier report from the Financial Times, spoke on condition of anonymity because they were not authorized to speak publicly.

    India’s Ministry of External Affairs declined to comment, but ministry spokesperson Arindam Bagchi had previously called for a reduction in Canadian diplomats in India, saying they outnumbered India’s staffing in Canada.

    Read Also: Tinubu’s certificate in order, CSU deposes in court

    Canadian Prime Minister Justin Trudeau said last month that there were “credible allegations” of Indian involvement in the slaying of Hardeep Singh Nijjar, a 45-year-old Sikh leader, who was killed by masked gunmen in June in Surrey, outside Vancouver. For years, India has said Nijjar, a Canadian citizen born in India, has links to terrorism, an allegation Nijjar denied.

    Arranging the killing of a Canadian citizen in Canada, home to nearly 2 million people of Indian descent, would be unprecedented.

  • India suspends visa to Canadians

    India suspends visa to Canadians

    Following deepening diplomatic row, India yesterday suspended visa issuance to Canadians.

     “Important notice from Indian Mission: Due to operational reasons, with effect from 21st September 2023, Indian visa services have been suspended till further notice,” BLS International posted on their website yesterday.

    It was amid a diplomatic row sparked by Ottawa’s accusation New Delhi was involved in the killing of a Sikh separatist.

    Shortly after the announcement was splashed across Indian media, BLS removed the notice from their website. There was no immediate comment from India’s foreign ministry.

    Read Also: Protest rocks Osun govt secretariat over planned imposition of monarch 

    An official at New Delhi-headquartered BLS said they did not want to be quoted and referred AFP to Indian authorities.

    Canada’s Prime Minister Justin Trudeau has demanded India treat with “utmost seriousness” allegations that Indian agents played a role in the June murder of Hardeep Singh Nijjar near Vancouver.

    The fallout prompted tit-for-tat diplomatic expulsions and a forceful denial from India, which said any suggestion it played a role in Nijjar’s killing was “absurd”.

  • India baby born with 14 fingers, 12 toes

    India baby born with 14 fingers, 12 toes

    An Indian baby has been born with a total number of 12 toes and 12 fingers respectively.

    The baby was born in Bharatpur, in the northern Indian state of Rajasthan.

    The ‘miracle’ child has seven fingers on each hand and six toes on each foot.

    The baby’s parents believe she is the manifestation of Dholagarh Devi, a popular local deity that has a temple close to the baby’s birth.

    Read Also: NACCIMA canvasses increased trade between Nigeria, India

    A statue of the goddess portrays her as a young girl with multiple arms.

    However, doctors described the baby’s condition as a ‘genetic anomaly’ though admitted there was no harm in having 26 fingers as the child could still live a healthy life.

  • WPRF: Recognition of NITDA’s Social Media Code in India

    WPRF: Recognition of NITDA’s Social Media Code in India

    By Abbas Badmus

    The World Public Relations Forum 2023 (WPRF), hosted by the Global Alliance for Public Relations and Communications Management, takes place in Chennai, India. Global Alliance is the confederation of the world’s major PR and communication management associations and institutions, representing practitioners and academics, with a mission is to unify the PR profession, raise standards, share knowledge with its members and be the global voice for public relations.

    “World Public Relations Forum has been an open and diverse platform for public relations and communications practitioners from across the globe to meet, discuss, reflect and advance the profession,” said Justin Green, President & CEO of Global Alliance.

    The theme for the WPRF, “Building Goodwill for Greater Good”, provides high-value learning and networking opportunities for delegates from around the world in inspiring sessions. The event also features the World Public Relations & Communication Awards, a competition meant to celebrate the most outstanding national and international public relations and communication management programmes and case studies.

    Nigeria’s National Information Technology Development Agency (NITDA) is shortlisted as a finalist under the Ethics, Integrity & Compliance Category in recognition of its campaigns that demonstrate the highest levels of strategic planning, creativity and business results in the organisation’s relationship with its stakeholders.

    NITDA won the African SABRE PR award for the same campaign in Zambia and was shortlisted as a Finalist of the Golden World Award by the International Public Relations Association (IPRA) in Barcelona, Spain. The tech agency executed the campaign in collaboration with the multi-award-winning Image Merchants Promotion Limited (IMPR), the publishers of PRNigeria, Economic Confidential, Spokesperson’s Digest and Tech Digest.

    The regulator of information technology in Nigeria was recognised for using mainstream and social media platforms to counter criticisms and misconceptions after social critics and the public raised concerns that its “Draft Code Of Practice for Social Media and Online Platforms” was an attempt to gag the media and restrict freedom of press and expression.

    During Twitter’s suspension in Nigeria, Inuwa led the technical team which had a robust engagement which spurred global digital diplomacy and set a new template for the operation of big tech companies within and outside the country. The era of Nigeria holding the short end of the stick came to an end as the country negotiated from a position of strength and made Twitter abide by certain rules that were meant to protect national interest.

    Read Also: NITDA begins installation of digital centre in Kafanchan

    Using effective PR tools in providing concrete facts highlighting the benefits of the code, the stakeholders and the public, who were adequately enlightened, eventually welcomed the guidelines. Some of the gains of the campaign include a shift in the perspective of critics, increased stakeholders’ engagement, dousing of tension, activation of a crisis team and endorsements by stakeholders and tech giants.

    The campaign commenced in June 2022 after NITDA unveiled a Code of Practice for Interactive Computer Service Platforms/Internet Intermediaries (online platforms) it developed in collaboration with relevant regulatory agencies and stakeholders. The code was aimed at protecting the fundamental human rights of Nigerians and non-Nigerians living in the country, as well as defining guidelines for interacting in the digital ecosystem in line with international best practices.

    The document was developed alongside the Nigerian Communications Commission (NCC), the National Broadcasting Commission (NBC), Civil Society Organisations (CSOs), expert groups, with inputs from Interactive Computer Service Platforms such as Twitter, Facebook, WhatsApp, Instagram, Google, and TikTok. The results were duly incorporated into the Draft Code of Practice.

    The code sets out procedures to safeguard the security and welfare of Nigerians while interacting on these platforms. It aims to demand accountability from online platforms regarding unlawful and harmful content, and establish a robust framework for collaborative efforts to protect Nigerians against online harms such as hate speech, cyber-bullying, as well as disinformation and/or misinformation.

    This week’s WPRF 2023 will be held days after the Director-General of NITDA, Kashifu Inuwa, met with M.M. Tripathi, the Director-General of India’s National Institute of Electronics and Information Technology (NIELIT). He also visited the headquarters of the National Association of Software and Service Companies (NASSCOM) on the sidelines of the G20 Summit in Nigeria.

    Inuwa, who represented the Minister of Communications, Innovation, and Digital Economy, Bosun Tijani, underscored the importance of leveraging India’s vast expertise in digital technologies to bolster Nigeria’s digital economy. The meetings, aimed at fostering a deeper understanding of the Indian digital economy and exploring avenues for knowledge sharing and collaboration, covered topics ranging from digital skills development to cyber security and innovation.

    Apart from the Social Media Code, the implementation of the 64 strategic initiatives of the Strategic Roadmap and Action Plan (SRAP), which Inuwa launched a few years ago, has significantly contributed to the impact of ICT on the economy, making Nigeria the leading destination for Foreign Direct Investment (FDI) in Africa and attracting about US$3.8 billion which constitutes about 35% of all FDI into African startups from 2019.

    NITDA’s TECH4COVID led to the retention of over 100,000 ICT jobs and 30,000 new jobs in the post-COVID-19 era, while the Nigeria Data Protection Regulation (NDPR) compliance drive created 7,680 jobs and a market valued at ₦1.2 billion. Also, the implementation of the National Adopted Village for Smart Agriculture (NAVSA) has engaged 900 farmers and created over 5,000 direct and indirect jobs. NAVSA targets 10 million farmers across the agricultural value chain by 2030.

    To promote emerging technologies in Nigeria, NITDA under Inuwa established the National Centre for Artificial Intelligence and Robotics (NCAIR) which has trained 1,250 youths on high-end cutting-edge technologies. The Office for Nigerian Digital Innovation (ONDI) was also created as a Special Purpose Vehicle (SPV) to incubate ideas and develop an enabling environment for startups to thrive. Through the ONDI, the agency supported over 200 startups with grants and seed funding.

    More than 100 startups were sponsored to attend the GITEX global event, LEAP Tech Conference, Intra-African Trade Fair, and several local events. In addition, they benefited from the capacity-building programmes of Bridge to MassChallenge (B2MC), iHatch Incubation, Technology Innovation and Entrepreneurship Support (TIES) and the North-East Start-up Training (NEST).

    NITDA has committed to the conduct of an IT Talent Gap Assessment among Nigeria’s youth population for tech talent acceleration and to position Nigeria as a global IT Talent Factory. In line with the FG’s initiative on social investment, the Agency launched the one (1) million software developer initiative and various multi-sectorial capacity-building programmes to promote digital literacy, where over one million Nigerians have so far been trained.

    Other NITDA achievements under Inuwa include the Design and implementation of IT Clearance for government MDAs which has cleared 866 projects from 336 Federal Public Institutions (FPIs), saving the government ₦305.96 billion from 2019 till date; the completion of ISO 27001:2013 Certification for NITDA (first government organisation to have attained such); the launch of the National Adopted School for Smart Education (NASSE) to promote digital literacy and skills.

    NITDA has changed the information technology landscape, evident in the numerous awards and nominations the DG has attracted to the country. It is expected that the agency championing Nigeria’s digital economy drive will continue to record remarkable achievements. From all indications, President Bola Tinubu’s plan to create one million digital jobs in the first two years of his administration is attainable. Nigeria hopes that borrowing from India’s playbook will help achieve this goal.

    Abbas Badmus, a Staff Writer with Tech Digest, writes from Abuja.

  • Tinubu arrives India ahead of G20 Summit, investment drive

    Tinubu arrives India ahead of G20 Summit, investment drive

    • By Bolaji Ogundele, Delhi

    President Bola Tinubu has arrived in Delhi, the capital of India, for a six-day office visit, during which he will attend the G20 Leaders’ Summit and other engagements.

    President Tinubu, who arrived at the Indira Gandhi International Airport, Delhi, at about 6:40 pm (2:10 pm Nigerian time), landed with some senior government officials, including ministers and presidential aides.

    While in India, besides participating in the G20 Summit, which is scheduled to be held between Saturday 9 and Sunday 10, September 2023, President Tinubu has lined out a number of high-level meetings and engagements with other world leaders and business executives on the sidelines of the Summit.

    The president would also meet with the Nigerian community in India, it was gathered.

    Earlier in a statement, the special adviser to the president on media and publicity, Ajuri Ngelale, had informed that Tinubu would be using his time in India, through the various meetings and engagements, to attract global capital and increased foreign direct investments (FDI) to the country.

    Ngelale had said in his statement: “On the sidelines of the Summit, the President will participate in and deliver keynote addresses at both the Nigeria-India Presidential Roundtable and the Nigeria-India Business Conference.

    “The CEO Roundtable will be attended by leading industrialists in the Indian private sector, Nigerian industrialists, as well as senior government officials from both countries. The President aims to leverage this platform to attract global capital and promote increased foreign direct investments in key labour-intensive sectors of Nigeria’s economy for job creation and revenue expansion.

    Read Also: Tinubu: Tackling challenges of first 100 days

    “Moreover, he will use this opportunity to highlight Nigeria’s attractiveness as an investment destination, specifically outlining his cross-sectoral reform plan as encapsulated by the Renewed Hope Agenda.

    “Given the President’s renowned experience in attracting investment to Lagos State, leading industrialists have sought separate private engagements with him at the summit. The President’s itinerary will also feature bilateral meetings with a cross-section of world leaders from four different continents, representing both G-20 and non–G20 countries. These engagements are geared towards strengthening bilateral economic, trade, and investment partnerships for mutual benefit.

    “At the G20 Summit, the Nigerian leader is expected to share Nigeria’s perspective on the theme, “One Earth-One Family-One Future,” which speaks to the global unity required to address the challenges facing humanity and the planet.

    “With its collective contribution of up to 80% of global GDP, 75% of international trade, and housing 60% of the world’s population, the G-20 constitutes a significant economic power bloc of socio-economic opportunity and geo-political stability.

    “While Nigeria’s membership of the G-20 is desirable, the government has embarked on wide-ranging consultations with a view to ascertaining the benefits and risks of membership.

    “This is consistent with the desire of the President to democratize foreign policy and articulate policy formulation and implementation through a Whole-of-Society and a Whole-of-Government approach that achieves the nation’s long-term strategic objectives.

    “Once consultations are concluded, the government will decide whether or not to apply to join as appropriate. The participation of President Tinubu at the G-20 Summit in India is, in part, in furtherance of this objective.”

    Accompanying President Tinubu on the mission are the following members of his cabinet: Amb. Yusuf Tuggar, Minister of Foreign Affairs; Wale Edun, Minister of Finance and Coordinating Minister of the Economy; Dr. Bosun Tijani, Minister of Communications, Innovation, and Digital Economy; and Dr. Doris Uzoka-Anite, Minister of Industry, Trade, and Investment.

    President Tinubu would return to Nigeria immediately after the conclusion of the Summit.

  • Indian PM proposes G20 slot for AU

    Indian PM proposes G20 slot for AU

    Indian Prime Minister Narendra Modi has proposed to make the African Union (AU) a full member of the Group of 20, while also pitching his country as the solution to supply chain woes in advance of the bloc’s summit in New Delhi next month.

    “We have a vision of inclusiveness and with that vision, we have invited the African Union to become permanent members of the G20,” Modi said yesterday as he addressed the Business 20 Summit in New Delhi days before the September 9-10 G20 summit.

    The G20 major economies consist of 19 countries and the European Union (EU), making up about 85 percent of global gross domestic product (GDP) and two-thirds of the world’s population – but South Africa is the only member from the continent.

    Read Also: AU saves ECOWAS blushes

    In December, United States President Joe Biden said he wanted the AU “to join the G20 as a permanent member”, adding that it had “been a long time in coming, but it’s going to come”.

    Yesterday, New Delhi also called for including the pan-African bloc, which collectively had a $3 trillion GDP last year.

    As the host of G20 this year, New Delhi has struggled to bridge the differences among its members, particularly on the issue of the Ukraine-Russia war. India has refused to join the West’s policy of isolating Moscow and has instead become the biggest buyer of Russian crude. In its previous meetings, the G20 delegates have failed to issue a single communique raising doubts about the outcome of the September meeting.

    With its headquarters in Ethiopia’s capital Addis Ababa, the AU has 55 members, but five military-ruled nations are currently suspended.

    Modi also said India was the “solution” to creating an “efficient and trusted global supply chain” following disruptions during the coronavirus pandemic, with New Delhi working to bolster manufacturing to compete with China.

    “The world before COVID-19 and after COVID-19 has changed a lot – the world cannot view the global supply chain as before,” Modi said.

    “That is why today when the world is grappling with this question, I want to assure that the solution to this problem is India.”

    Relations between the world’s two most populous nations nosedived after a deadly Himalayan border clash that killed 20 Indian soldiers and at least four Chinese servicemen in 2020.

    Modi and Chinese President Xi Jinping held a rare face-to-face meeting on the sidelines of a summit on Thursday, with Beijing saying they held “candid and in-depth” talks to ease tensions along their disputed frontier.

    Washington has been seeking closer ties with New Delhi to counter a rising China – the world’s second-largest economy.

    But India has continued to engage with Russia despite Western pressure and last week attended a summit of the BRICS group of emerging economies that is considered a counterweight to Western powers.

    At its three-day annual summit in Johannesburg last Thursday, the BRICS invited six countries, including Saudi Arabia and Iran – major producers of oil in the world – as its new members. Brazil, South Africa, China and Russia are the other core members of the group.

  • Indian PM Modi, sworn in for 2nd term

    India took the world stage on Thursday as the most popular Prime Minister in India’s contemporary history, took the oath of office for a second term few hours ago.

    The venue was Rashtrapati Bhavan, New Delhi in India. And not less than about 6,000 dignitaries were there to witness this grand epoch making event.

    And there were 100 non-resident Indians too from outside India invited to witness the event.

    All around the world, Indians at home and in the Diaspora had formed various groups campaigning for Prime Minister Narendra Modi who is considered to have made great strides in development and structures in place in the political and economic front of the country.

    Read Also: 15 students killed as building catches fire in India

    The Prime Minister has been so popular with his policies and government strategy that he won the election with a landslide.

    Representing the Overseas Friends of Bhartiya Janta Party (OFBJP), Nigeria chapter today at the Oath taking ceremony, was the amiable Sanjay Srivastava, the President of OFBJP Nigeria.

    We hear that as soon as Sanjay Srivastava got his invitation to the event, he packed, departed Lagos and off he went to New Delhi.