President Bola Tinubu plans to attend the G20 summit in India this month to try to promote foreign investment in Africa’s largest economy and mobilize global capital to develop infrastructure, his spokesman said on Friday.
Tinubu has embarked on the country’s boldest reforms in decades, which have been welcomed by investors. However, reforms have brought additional hardship to Nigerians already dealing with a cost of living crisis.
The country’s main unions plan to go on strike next week and an stage an indefinite shutdown later this month.
“The focus of the summit will be heavily predicated on the urgent need to attract foreign direct investment … and to ensure that we are able to mobilize private capital from around the world toward the development of Nigeria’s public infrastructure,” Tinubu’s spokesman, Ajuri Ngelale said in a statement.
The summit in India will hold on Sept 9 and 10.
Nigeria wants to encourage investments rather than rely on borrowing to create jobs, its finance minister said on Monday, as the new government tries to revive the West African nation.
Ngelale said Tinubu will meet leaders from Brazil, India, South Korea and Germany on the sidelines of the G20.
Tinubu also plans to meet Indian executives, including Jindal Steel and Power Company, among others, Ngelale said.
Airtel’s Africa, owned by India’s Bharti Airtel, is Nigeria’s third-biggest listed firm.
Meanwhile the presidency has carefully selected a number of Businessmen that will be on the President’s entourage.
They includes billionaires from all sector including the Fintech sector.
They are as follows:
Alhaji Aliko Dangote — Chairman/President. Dangote Group
Mr. Tony Elumelu — Chairman/Founder, Tony Elumelu Foundation
Alhaji Abdul Sama Rabiu — Chairman/Founder, BUA Group
Mr. Femi Otedola — Chairman/Founder, Femi Otedola Foundation
Mr. Kola Karim — GMD/CEO. Shoreline Natural Resources
Hajiya Bola Shagaya — Founder/CEO, Balmus Group International
Mrs. Folorunsho Alakija. — GMD. The Rose of Sharon Group
Alhaji Mohammed Indimi — Chairman/CEO, Oriental Energy Resources Ltd
Sir. Emeka Offor — CEO, Chrome Group
Chief Razak Akanni Okoya — Director, Eleganza Industrial City Ltd.
Prince Arthur Eze — CEO. Allas Oranto Petroleum Ltd.
Mr. Allen Onyeama — CEO, Air Peace
Mr. Cosmas Maduka —President & Chairman, Coscharis Group Ltd.
Alhaj Dr.Musbahu Bashir — Althani Group of Companies
Mr. Jim Ovia — Chairman, Zenith Bank Plc
Dr. Oritsedere Otubu — Chairman, EKEDC
Mr. Adewale Tinubu — CEO, Oando
Mr. Gbenga Agboola — CEO Flutterwave (Fin Tech)
Olamide Diekold Aina — Venture Platform (Fin Tech)
Mitchell Elegbe — CEO. Interswitch (Fin Tech)
TIdris Bamidele Saliu — Ceviant Finance (Tech)