- President Bola Ahmed Tinubu to attend G-20 Leaders’ Summit in New Delhi, India, accompanied by cabinet members and aims to attract global investments
- President Tinubu will participate in Nigeria-India Presidential Roundtable, CEO Roundtable, and bilateral meetings with world leaders during the summit
On the special invitation of Indian Prime Minister Narendra Modi, President Bola Ahmed Tinubu will leave Abuja on Monday for the G-20 Leaders’ Summit in New Delhi, India.
Chief Ajuri Ngelale, his spokesman, confirmed this in a statement issued on Sunday.
President Tinubu is accompanied on the mission by the following cabinet members: Amb. Yusuf Tuggar, Foreign Affairs Minister; Wale Edun, Finance and Coordinating Minister of the Economy; Dr. Bosun Tijani, Communications, Innovation, and Digital Economy Minister; and Dr. Doris Uzoka-Anite, Industry, Trade, and Investment Minister.
On the sidelines of the summit, the president will participate in and deliver keynote addresses at both the Nigeria-India Presidential Roundtable and the Nigeria-India Business Conference, according to Ngelale.
He stated that the CEO Roundtable will be attended by leading industrialists from the Indian private sector, Nigerian industrialists, and senior government officials from both countries and that the president intends to use this platform to attract global capital and promote increased foreign direct investments in key labour-intensive sectors of Nigeria’s economy for job creation and revenue growth.
According to a presidential spokesman, President Tinubu will also use this occasion to highlight Nigeria’s attractiveness as an investment destination, specifically outlining his cross-sectoral reform plan encapsulated by the Renewed Hope Agenda.
Given the President’s renowned experience in attracting investment to Lagos State, leading industrialists have sought separate private engagements with him at the summit. The President’s itinerary will also feature bilateral meetings with a cross-section of world leaders from four different continents, representing both G-20 and non–G20 countries. These engagements are geared towards strengthening bilateral economic, trade, and investment partnerships for mutual benefit.
At the G20 Summit, the Nigerian leader is expected to share Nigeria’s perspective on the theme, “One Earth-One Family-One Future,” which speaks to the global unity required to address the challenges facing humanity and the planet.
With its collective contribution of up to 80% of global GDP, 75% of international trade, and housing 60% of the world’s population, the G-20 constitutes a significant economic power bloc of socio-economic opportunity and geo-political stability.
While Nigeria’s membership of the G-20 is desirable, the government has embarked on wide-ranging consultations with a view to ascertaining the benefits and risks of membership.
This is consistent with the desire of the President to democratize foreign policy and articulate policy formulation and implementation through a Whole-of-Society and a Whole-of-Government approach that achieves the nation’s long-term strategic objectives.
Once consultations are concluded, the government will decide whether or not to apply to join as appropriate. The participation of President Tinubu at the G-20 Summit in India is, in part, in furtherance of this objective, the statement added.
President Tinubu will return to Nigeria immediately following the conclusion of the summit.