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Friday, September 22, 2023

G20 Summit: President Tinubu Seeks to Attract Investments

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The Nigerian government says the upcoming G20 Summit of the World Leaders in Delhi India, is a major event for Nigeria.

The government says it will ensure that the leadership of President Bola Tinubu maximise the advantage of the opportunities presented at the summit.

Briefing Journalists on Friday, the Special Adviser to the President on Media and Publicity, Ajuri Ngelale said that the government of President Tinubu will after the summit bring back value that will create jobs and expand revenues in the Country.

“The G20 is a major event for our country at this time, and we are going to ensure that the leadership of President Bola Ahmed Tinubu takes maximum advantage of the opportunities presented to bring value to the country to create jobs for our people and ultimately, to generate and expand existing revenues in the country.

“This is to ensure that government can effectively fund and sponsor its programs and policies across sectors.“

Mr Ngelale noted that the focus of the summit will be predicated on the need to attract foreign direct investment in country and to ensure that Nigeria can mobilize private capital from around the world towards the development of Nigeria’s public infrastructure.

He added that the focus of the President will be on engagements that will deal with critical sectors of the economy including steel development.

“In addition to that, we are focused on engagements that will be dealing with critical sectors of the national economy involving steel development, electricity generation, transmission and distribution involving shipyard building capacity and several other industries which we know to be labour intensive.“

The Special Adviser to the President stressed that this is to ensure that the administration of President Bola Tinubu creates many jobs for Nigeria’s teeming youth population.

“To this end, His Excellency Mr. President will be meeting with a cross-section of heads of state as well as industrial leaders, Titans and chief executive officers of some of the world’s most valuable companies, particularly those of Indian origin.

So, His Excellency President Bola Ahmed Tinubu will be hosting a CEO roundtable which will be made up of more than 20 chief executive officers of major industries across multiple sectors of the Indian economy to ensure that we leverage their interest in investing in the country.

“This will be in such a way that suits the industrialization initiative of the renewed hope agenda of Mr. President.

In addition to that CEO roundtable, there will be at least five major meetings with the CEOs of five major industries in India, including Jindal Steel and Power Company, amongst a few others,

That would have a very important impact on our ability to develop the steel sector in our country.

“In addition to that, His Excellency Mr President will be meeting with the president of Brazil President de Silva. He will be meeting with the German Chancellor Olaf Schultz.

“He will be meeting with Indian Prime Minister Narendra Modi. He will be meeting with the South Korean president, South Korean President Yo … and a few other heads of state on the sidelines of the G20.

Of course, as it is the custom of Mr. President will also be meeting with the Nigerian community in India.

“And he will also of course provide a set of remarks to the entire summit involving Of course all heads of state present, and many other industry and business leaders from around the world.

“So there’s a lot to come. Of course, when we arrive in India, next week, there will be live updates from India, which I will be providing day after day to ensure that Nigerians have full access to what our president is doing on their behalf.”

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