- Nigeria's communications minister, Barr Abdur-Raheem Adebayo Shittu, reportedly struck the $4 billion deal in Geneva
- The investors from India will be meeting with a Nigerian delegation led by Shittu in July to finalize the deal
Nigeria has hit a big one with a business deal that would see the country netting over $4 billion in its telecommunication sector from India.
Leadership reports that the head of the Nigerian delegation to the just concluded World Summit on the Information Society (WSIS FORUM 2017) and communications minister, Barr Abdur-Raheem Adebayo Shittu, struck the deal for the country.
The forum was held in Geneva, Switzerland and while making his presentation at one of the sessions, Shittu reportedly extended a hand of fellowship to Indian investors and leading telecom stakeholders.
NAIJ.com learnt that Shittu spoke about the capabilities in Nigeria, its transparency and the new set of business ethos under President Muhammadu Buhari.
He said these qualities were needed by any country for investors to be engaged in legitimate businesses without hindrances.
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The report said the result of his presentation was the attraction of a couple of Indian entrepreneurs who offered to pull resources together in excess of $4 billion for investment in Nigeria’s telecom sector with emphasis on rural telephony and grassroots development.
The investors will be meeting the minister in July to fine tune the necessary modalities.
Meanwhile, NAIJ.com recently reported that the crack team of the Nigeria Customs Service, Federal Operations Unit, Zone ‘A’ has discovered a new strategy been adopted by rice smugglers to beat law enforcement agents in the country.
Rice is one of the major areas focused on by the administration of President Muhammadu Buhari in its effort to improve on agriculture.
Watch as Rotimi Amaechi gives a summary of the administration of Muhammadu Buhari: