President Bola Tinubu has commended Indian investors for significant investment pledges amounting to nearly $14 billion U.S. dollars committed during the Nigeria-India Presidential Roundtable and Conference in New Delhi, India.

The President said Nigeria is ready to give them the best returns for investment possible.

Tinubu has also approved the finalization of a new $1 billion U.S. dollar agreement to bring the Defense Industries Corporation of Nigeria (DICON) to 40% self-sufficiency in local manufacturing and production of defense equipment in-country by 2027 through a comprehensive new partnership with the Managing Arm of the Military-Industrial Complex of the Indian Government.

He said his leadership, agreements must manifest in industries and jobs on the ground in Nigeria.

Speaking on behalf of investors, the Chairman of Bharti Enterprises, Sunil Bharti told the President that since Nigeria has unified the FX market and freed up crucial capital to upgrade its public infrastructure investors will bring investments to Nigeria, and with President Tinubu’s inspiring leadership style, they can only do more and more.

Also, at the event, Nigeria's Minister of Communication, Innovation and Digital Economy, Dr. Bosun Tijani, and his counterpart from India's Ministry of Electronics and Information Technology signed a Memorandum of Understanding (MoU) for Cooperation in the field of Sharing Successful Digital Solutions, to be implemented at total population scale for digital transformation.