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India extends Grant-assistance of Naira 19.89 million to NIIA, Lagos.

High Commission of India Abuja

PRESS RELEASE

India extends Grant-assistance of Naira 19.89 million to NIIA, Lagos

1. Government of India offered a grant assistance of Naira 19.89 million (equivalent to US$55,000) to the Nigerian Institute of International Affairs (NIIA), based in Lagos in November 2018. The grant is offered as assistance for the procurement of the equipment for the digitization of the library of NIIA.

2. India and Nigeria enjoy warm, friendly and deep-rooted bilateral relations. 2018 marks an important milestone in the bilateral relations between India and Nigeria as it ushers in sixty (60) years of diplomatic engagement between the two counties. India established its Diplomatic House in Lagos in November 1958, two years prior to Nigeria's independence.

3. India is emerging as a development partner of Nigeria by offering grants and concessional loans in the areas of interest to Nigeria. During the Founding Conference of International Solar Alliance (ISA), that was held in India in March 2018, India announced a concessional loan of US$75 million for two solar projects. This is in addition to the US$100 million LoC already offered to Nigeria, of which projects in Kaduna and Cross Rivers amounting to US$60 million are under implementation.

4. India's renewed commitment to Africa was enunciated by Hon'ble Prime Minister of India H.E. Mr. Narendra Modi earlier this year through announcement of Ten Guiding principles for India's engagement with Africa; and in this context, India would continue to support the efforts of African Countries in their national development.

Abuja

30 November 2018

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