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Nairaland Forum / Nairaland / General / Politics / India Offers N2.25tr Concessional Credit To Nigeria, 53 Others (15646 Views)
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India Offers N2.25tr Concessional Credit To Nigeria, 53 Others by DONSMITH123(m): 1:36pm On Oct 29, 2015 |
The Prime Minister of India, Narendra Modi, on Thursday said it would give N2.25trillion ($10billion) concessional lines of credit to Nigeria and 53 other African nations in the next five years to boost their economy. He also said additional grant assistance of N135billion ($600m) will be made available to African countries by India. Modi, who made the disclosures in an address at the opening of the Plenary Session of the Third India-Africa Forum Summit in New Delhi, said the credit lines are necessary because Africa is now joining the global mainstream of innovation. He said it was time for India and Africa to take their destinies in their hands and stop living in the shadows of colonialism. He said: “From connecting lives to collaborating for our prosperity, from keeping our people safe to advancing our global interests, the agenda of our partnership stretches across the vast territory of our linked aspirations. “To add strength to our partnership, India will offer concessional credit of US $10billion over the next five years. This will be in addition to our ongoing credit programme. “We will also offer a grant assistance of US$600million. This will include an India-Africa Development Fund of $100million and an India-Africa Health Fund of $10million. “It will also include 50,000 scholarships in India over the next five years. And it will support the expansion of Pan-Africa E-Network and institutions of skilling, training and learning across Africa.” Explaining why the interventions are necessary, Modi said economic indices have indicated that this century was for India and Africa to build to shape the world. He said apart from abundant natural resources, India and Africa harbour productive youths who are under 35 years. He said: “We have lived in the long shadow of colonialism. And we have fought for our liberty and dignity. We have struggled for opportunity and also for Justice, which the African wisdom describes, is the prime condition of humanity. “We have spoken in one voice in the world and we have formed a partnership for prosperity among ourselves. We have stood together under blue helmets to keep peace. And we have fought together against hunger and disease. And, as we look to the future, there is something precious that unites us: it is our youth. Two-thirds of India and two-thirds of Africa is under the age of 35 years. And if the future belongs to the youth, then this century is ours to shape and build.” cc: lalasticlala http://thenationonlineng.net/india-offers-n2-25tr-concessional-credit-to-nigeria-53-others/ 8 Likes
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Re: India Offers N2.25tr Concessional Credit To Nigeria, 53 Others by OnankpaBa(m): 1:40pm On Oct 29, 2015 |
“It will also include 50,000 scholarships in India over the next five years. And it will support the expansion of Pan-Africa E-Network and institutions of skilling, training and learning across Africa.” wao. i love that. Who say Baba is not working. Ride on My President 10 Likes 1 Share |
Re: India Offers N2.25tr Concessional Credit To Nigeria, 53 Others by Nobody: 1:40pm On Oct 29, 2015 |
Great 2 Likes |
Re: India Offers N2.25tr Concessional Credit To Nigeria, 53 Others by oluwaSmith1(f): 1:41pm On Oct 29, 2015 |
Sai Baba ![]() ![]() 4 Likes |
Re: India Offers N2.25tr Concessional Credit To Nigeria, 53 Others by DONSMITH123(m): 1:42pm On Oct 29, 2015 |
OnankpaBa: yesooo...at least , his trip to US has yielded something. 3 Likes |
Re: India Offers N2.25tr Concessional Credit To Nigeria, 53 Others by KnowMore: 1:42pm On Oct 29, 2015 |
Nice |
Re: India Offers N2.25tr Concessional Credit To Nigeria, 53 Others by hob(m): 1:42pm On Oct 29, 2015 |
Up India Up Sai Buhari 3 Likes |
Re: India Offers N2.25tr Concessional Credit To Nigeria, 53 Others by OnankpaBa(m): 1:42pm On Oct 29, 2015 |
DONSMITH123: Wailers will still have something to say. 3 Likes |
Re: India Offers N2.25tr Concessional Credit To Nigeria, 53 Others by SmithEnemona(m): 1:43pm On Oct 29, 2015 |
nice one. |
Re: India Offers N2.25tr Concessional Credit To Nigeria, 53 Others by warrior01: 1:43pm On Oct 29, 2015 |
Dirty India offering Ab0ki money and he is happy. Like I said earlier; Ab0ki goes to school. 34 Likes
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Re: India Offers N2.25tr Concessional Credit To Nigeria, 53 Others by DONSMITH123(m): 1:45pm On Oct 29, 2015 |
1 Like |
Re: India Offers N2.25tr Concessional Credit To Nigeria, 53 Others by Rilwayne001: 1:46pm On Oct 29, 2015 |
Issorite! Just come and finish boko-are-ram. I hate seeing them in the news. 1 Like |
Re: India Offers N2.25tr Concessional Credit To Nigeria, 53 Others by damton(m): 1:48pm On Oct 29, 2015 |
In as much as I want to commend this gesture from the Indian government , I would like the president to be careful and cautious with the sort of help they get, because in the long run, some of this assistance might have some hurtful conditions which portends harm to the Nigerian economy. In any case, I still believe in Baba's competence. 2 Likes 1 Share |
Re: India Offers N2.25tr Concessional Credit To Nigeria, 53 Others by Joejonah(m): 1:48pm On Oct 29, 2015 |
Baba begging both the strong and weak for assistance.... 9 Likes |
Re: India Offers N2.25tr Concessional Credit To Nigeria, 53 Others by Chiaka(f): 1:49pm On Oct 29, 2015 |
Credit not dash.....them don go borrow money for india?? 3 Likes |
Re: India Offers N2.25tr Concessional Credit To Nigeria, 53 Others by Nobody: 1:49pm On Oct 29, 2015 |
India have no mineral resources.....yet they re utilising technology to generate income..Thumb up. 1 Like |
Re: India Offers N2.25tr Concessional Credit To Nigeria, 53 Others by balancediet(m): 1:50pm On Oct 29, 2015 |
This man has gone to bring more problem to Nigeria 12 Likes |
Re: India Offers N2.25tr Concessional Credit To Nigeria, 53 Others by Chiaka(f): 1:50pm On Oct 29, 2015 |
Credit (Borrow)......chai! warrior01: 2 Likes |
Re: India Offers N2.25tr Concessional Credit To Nigeria, 53 Others by arabianights: 1:50pm On Oct 29, 2015 |
Nigeria fdont accept ooooooo. this indians feel they are smarter .soon they will assume they are higher than us africans beause of the money they gave us. 5 Likes 1 Share |
Re: India Offers N2.25tr Concessional Credit To Nigeria, 53 Others by Blackberrybabes: 1:50pm On Oct 29, 2015 |
India that also warehouses lots of poor people ![]() Anyway what's the catch? Free access to oil I guess. 10 Likes |
Re: India Offers N2.25tr Concessional Credit To Nigeria, 53 Others by omoladeazeez: 1:50pm On Oct 29, 2015 |
omoladeazeez: |
Re: India Offers N2.25tr Concessional Credit To Nigeria, 53 Others by efilefun(m): 1:50pm On Oct 29, 2015 |
warrior01:See this He-Goat, this are the kinda people who worship USA with the whole of their soul, Some people wey never comot their papa house would come online to tell us how this and that is, visit the country and see how they enjoy all basic amenities without having a tangible natural resources. I am pretty sure you don't know their population is about X10 of nigeria if not more than that. The whole of Nigeria would turn into dust bin with that kinda of population 4 Likes |
Re: India Offers N2.25tr Concessional Credit To Nigeria, 53 Others by damiloladuke: 1:50pm On Oct 29, 2015 |
India should care for their poor population too This is to let you know that NO GOVERNMENT CARES FOR YOU. YOU WILL BE WRONG WAITING FOR GOVERNMENT 2 Likes |
Re: India Offers N2.25tr Concessional Credit To Nigeria, 53 Others by yatch360: 1:51pm On Oct 29, 2015 |
India giving us credit? It shld be the other way round... ![]() The future Nigeria is a debtor even to india.. ![]() Yatch360 5 Likes |
Re: India Offers N2.25tr Concessional Credit To Nigeria, 53 Others by Nobody: 1:51pm On Oct 29, 2015 |
I heard Nigeria was once upon a time equal or greater than India, look what has become of the geographical entity today, taking arms from India. I blame the northerners & Westerners for this, the destroyed this country right from 1960. 3 Likes |
Re: India Offers N2.25tr Concessional Credit To Nigeria, 53 Others by OnankpaBa(m): 1:51pm On Oct 29, 2015 |
warrior01: we know una |
Re: India Offers N2.25tr Concessional Credit To Nigeria, 53 Others by adeoba2008(m): 1:51pm On Oct 29, 2015 |
Rich nation , poor people. 1 Like |
Re: India Offers N2.25tr Concessional Credit To Nigeria, 53 Others by Johnpaul2k2(m): 1:51pm On Oct 29, 2015 |
Another propaganda 3 Likes |
Re: India Offers N2.25tr Concessional Credit To Nigeria, 53 Others by Nobody: 1:51pm On Oct 29, 2015 |
okay.... so india is that generous? |
Re: India Offers N2.25tr Concessional Credit To Nigeria, 53 Others by Nobody: 1:51pm On Oct 29, 2015 |
What a shame!Oil producers indeed! 3 Likes |
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