According to media source, Nigeria has signed a multi-billion dollar deal with an Indian investment agency to support infrastructure projects including power, rails, warehousing and ports in Africa’s most populous nation.
The agreement, is expected to help the West African country industrialize its agriculture and manufacturing sectors and cut reliance on imports, the head of the government-backed infrastructure vehicle.
“We are looking at increasing the productivity of our agricultural sector by industrializing it,” Lazarus Angbazo, CEO of Infrastructure Corporation of Nigeria Limited (InfraCorp), said in an interview in India. Agriculture represents about 40 per cent of Nigeria’s economy, he added. “If we really want to have the biggest impact, that’s where we’re going to have to start.”
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