A Billionaire Indian To Set Up Automotive Industry In Nigeria As Tinubu Talks With Him

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Prakash Hinduja, one of India's richest billionaires, and President Bola Tinubu have spoken.

The President gave the Indian businessman his word that he was willing to work with him to make investments in Nigeria.

The billionaire disclosed that his businesses would concentrate on producing cars in Nigeria.

The CEO of the Hinduja Group of Companies, Prakash Hinduja, who is worth over $100 billion, met with President Bola Tinubu.

Ajuri Ngelale, the president's spokesperson, claims that the Indian billionaire met with Tinubu for a meeting within 90 minutes of his arrival in India.

The Ministers of Finance, Trade and Industry, and Foreign Affairs were seen with the President, it was disclosed.

The President claimed to be representing in India in order to entice foreign capital into Nigeria by offering lucrative prospects for investors, particularly through the creation of jobs for Nigerians and new sources of income for the national and local governments of the nation.

According to theglobalnewsupdates, the President promised to remove roadblocks to make it easier for foreign investors to invest in Nigeria and to turn it into one of the greatest locations for successful enterprises.

Nothing can prevent you from benefiting from the unparalleled potential provided by our sizable market and the creative, tenacious nature of the Nigerian people with my backing. For business, we are available.

The billionaire praised Tinubu's skills and said he had seen firsthand the president's amazing accomplishments while serving as governor of Lagos State, transforming coastline erosion and water invasion into a Free Trade Zone with booming companies.

According to Hinduja, the President's prior successes are the reason he is eager to collaborate with him to bring about prosperity for all Nigerians.

The billionaire claims that because the President is already resolving systemic obstacles, his businesses will make billion-dollar investments under his leadership.

The change coincides with recent estimates that claim that Nigeria's foreign direct investment fell by $187 million in 2022.

According to the survey, among other popular investment locations on the continent, there is Egypt, South Africa, and Ethiopia.

He stated that his company would concentrate on automotive manufacture in Nigeria and that he was prepared to sign an MoU and start the implementation process.

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