Nigerians Spent $350m on Healthcare in India in 2013"


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Jun 17, 2009
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Nigerians Spent $350m on Healthcare in India in 2013"

Damilola Oyedele in New Delhi, India

The High Commissioner of Nigeria to India, Ambassador Ndubuisi Amaku, has disclosed that Nigerians expended about $350million to access various levels of healthcare in India in 2013 alone.

This was as he added that the volume of trade between Nigeria and India rose to $17.3 billion in 2012.

He said these at a round-table discussion focusing on Nigeria on the sidelines of the ongoing 10th CII-EXIM Bank Conclave on India Africa Project Partnership in New Delhi, yesterday where he added that the money was expended by just about one per cent of the Nigerian population who can afford to pay for quality healthcare.
Amaku urged the Indian businessmen to therefore consider investing in healthcare facilities in Nigeria to provide options for patients who may find that the airfares and other logistics, add to their burden.

"Unlike India, Nigeria is an emerging virgin market. Whatever sector you put your money in, you make your profit, we have one of the most generous profit repatriation policies," he said.
The envoy also harped on investment in Nigeria's energy sector, which he said would buoy the growing economy further, when fully stabilised.

"We generate between 4,000 and 5,000 megawatts of electricity as we speak, yet we are growing at 7.5 per cent GDP. You can imagine what will happen when all the efforts have stabilised," he added.

He admitted that there are challenges to running businesses in Nigeria especially in there area of security, which he described as a global challenge.

He also assured the gathering that the federal government was working assiduously to halt the activities of terrorists insurgents operating in North-eastern part of the country.
Amaku also cautioned Indian investors against setting 'impossible' conditions for investments in Nigeria.

The Special Adviser to the Kaduna State governor on Trade and Investment, Mallam Mohammed Yusuf Lere, called on Indian investors to emulate the Chinese who are their biggest competitors, but had provided easier terms of trade to Nigeria.

Lere called for the establishment of a business forum between the two countries so that business owners can interact directly, and the government can come in when policies formulations are needed.

He also advised potential investors to contact the Nigeria Investment Promotion Council (NIPC) for investment opportunities and modalities in Kaduna and other states.

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