President Bola Tinubu will attend the G20 summit in New Delhi, India, to attract FDIs to Nigeria, boost economic growth, and strengthen diplomatic ties.
President Bola Tinubu is set to attend the G20 summit, which is scheduled for the 9th and 10th of September 2023 in New Delhi, India.
This important announcement was made by the Special Adviser to the President on Media and Communication, Ajuri Ngelale.
FDIs to Boost Economic Growth
According to Mr. Ajuri, the primary goal of the President’s attendance at the summit is to attract Foreign Direct Investments (FDIs) to Nigeria, thereby enhancing economic growth and development.
Meeting with Business Executives
The President’s office emphasizes engagement in vital sectors of the national economy: steel development, electricity generation, transmission and distribution, shipyard building capacity, and labor-intensive industries.
Furthermore, it was noted that “Mr. President will host a CEO roundtable, comprising over 20 CEOs from diverse sectors of the Indian economy.
This aims to capitalize on their investment interest in the country.”
During the summit, President Tinubu will meet with leaders from Germany, Brazil, South Korea, India, and more to enhance diplomatic ties and discuss Nigerian collaboration with other nations.
The President’s office emphasizes the significance of the G20 summit, stating, “We’re committed to leveraging this crucial event for the benefit of our nation.”
Regarding G20:
The G20 is the premier platform for global economic cooperation, comprising the top twenty advanced economies worldwide.
Earlier in the year, Nigeria’s President was invited as a special guest by the host country, India, which currently leads the organization.
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FAQs
What is the main goal of President Tinubu’s attendance at the G20 summit?
The primary aim is to attract FDIs to Nigeria, spurring economic growth, development, and enhanced diplomatic relations with other nations.
Who will President Tinubu meet at the G20 summit?
President Tinubu will meet with over 20 chief executive officers of major industries across multiple sectors of the Indian economy during a CEO roundtable. He’ll also confer with leaders from Germany, Brazil, South Korea, India, and additional countries.
Why is the G20 summit vital for Nigeria?
The G20 summit is critical for Nigeria, offering a chance to attract FDIs, enhance diplomacy, and collaborate for mutual benefit.
When and where is the G20 summit happening?
The G20 summit takes place on September 9th and 10th, 2023, in New Delhi, India.
How was Nigeria invited to the G20 summit?
Nigeria’s President, Bola Tinubu, was invited as a special guest by the host country, India, which currently leads the G20 organization.
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