NIPC has secured an investment interest of over US$547 million from India's Kalpataru Power Transmissions Limited, following the Invest-in-Nigeria UAE Roundtable held in Dubai on 30 March 2022. The projects of interest are two Public-Private Partnership (PPP) infrastructure projects: the construction of a 132kV transmission line in Borno State valued at US$47 million, and an 88-kilometre road in Ondo State valued at US$500 million.
The Roundtable was attended by approximately 30 C-Level UAE investors and representatives of six state governments — through the CEOs of their Investment Promotion Agencies or Investment Companies. Additional interest was expressed in the agribusiness sector, particularly in product trading and agro-processing. Ag. ES/CEO Mr Emeka Offor unveiled 19 agribusiness and infrastructure projects and took investors through Nigeria's investment environment.
The Roundtable was organised by NIPC in partnership with Commodities Development Initiative (CDI), with additional support from Enyimba Economic City Development, Greenwich Merchant Bank, and NEXIM Bank.
