President Bola Tinubu held a crucial meeting with Mr. Prakash Hinduja, the Chairman and CEO of the Hinduja Group of Companies, during his visit to New Delhi yesterday. The Hinduja Group is a conglomerate boasting a vast asset portfolio exceeding $100 billion.
Presidential spokesman Ajuri Ngelale, in an official statement, revealed that the Indian industrialist was received by President Tinubu within just 90 minutes of his arrival in India, commencing their meeting at around 8:00 pm local time.
Accompanied by the Ministers of Finance, Trade & Industry, and Foreign Affairs, President Tinubu emphasized his primary goal in India: attracting investments to Nigeria that offer lucrative opportunities for investors and, most importantly, create jobs for Nigerians while generating new revenue sources for Nigeria’s federal and sub-national governments.
“We are here for business. I am here to personally assure our friends and investors that there is no obstacle I will not overcome. Nigeria will become one of the most favorable places on earth to make substantial profits and create long-lasting jobs.
” With my support, nothing will hinder you from seizing the unparalleled opportunities presented by our vast market and the resourceful and diligent nature of the Nigerian people. We are open for business,” President Tinubu firmly declared.
Hinduja, on his part, commended Tinubu for his remarkable efforts as the former governor of Lagos in transforming a coastal erosion and water encroachment crisis into a thriving free trade zone that now hosts various industries.
” He cited this accomplishment as one of the reasons for his eagerness to collaborate with Tinubu in generating mutual prosperity for Nigeria’s talented population.
“We believe in you as a leader who has accomplished this before. You understand the challenges and know how to address them. We are prepared to make investments worth billions of dollars under your leadership, because we see that you are already tackling the systemic issues. I am ready to sign an MoU and initiate execution.
“You tell me who to work with, and we will start immediately, particularly in the areas of bus and automobile manufacturing in Nigeria, among others,” the industrialist stated.
President Tinubu wasted no time in responding, immediately delegating the task of finalizing the agreement to the Ministers of Trade and Finance, in collaboration with Hinduja Group Executives present at the meeting. He stressed that any issues requiring his intervention should be brought to his attention promptly.
Hinduja expressed his faith in Tinubu’s determination and purpose-driven approach to this endeavor, voicing hope that their partnership would help turn Nigeria’s rich potential into a prosperous reality for all its citizens.
The meeting between President Tinubu and Mr. Prakash Hinduja signifies a significant step toward fostering foreign direct investment (FDI) and economic growth in Nigeria, paving the way for potential business collaborations that could benefit the nation’s economy and workforce.
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