In a significant development, Nigeria, the most populous nation in Africa, has entered into a multi-billion-dollar agreement with an Indian investment agency, Invest India, to bolster infrastructure projects encompassing power, rail systems, warehousing, and ports.
The CEO of Infrastructure Corporation of Nigeria Limited (InfraCorp), a government-backed infrastructure entity, Lazarus Angbazo, disclosed this during an interview in India, Bloomberg reports.
This strategic partnership, inked on September 6, is anticipated to play a pivotal role in Nigeria’s quest to industrialize its agriculture and manufacturing sectors, ultimately reducing its reliance on imports.
Source: Nairametrics
