Tinubu to Attend G20 Summit in India to Promote Investment

Eko Hot Blog reports that Nigerian President Bola Tinubu will attend the G20 summit in India this month in a bid to attract foreign investment and mobilize global capital to develop infrastructure in Africa’s largest economy.

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Tinubu, who took office in May, has embarked on a series of economic reforms, including devaluing the naira currency and lifting fuel subsidies. These reforms have been welcomed by investors, but they have also led to higher prices for goods and services, which has hurt many Nigerians.

The G20 summit will be held in New Delhi on September 9 and 10. Tinubu is expected to meet with leaders from Brazil, India, South Korea, and Germany on the sidelines of the summit. He will also meet with Indian executives, including those from Jindal Steel and Power Company.

Nigeria is seeking to attract $1 trillion in investment over the next three years. The government hopes that the G20 summit will help to raise awareness of Nigeria’s investment opportunities and attract foreign capital.

FURTHER READING  

• Tinubu To Hold FEC Meeting Today
• One Dead, Three Injured In Accidents On Lagos-Ibadan Expressway
• Tinubu Will Not Hesitate To Sack Minister, Appointee That Fails To Perform – Presidency

Tinubu has also called for more U.S. investment in Nigeria. He has accepted an invitation from U.S. President Joe Biden to meet later this month on the sidelines of the United Nations General Assembly in New York.

The G20 summit is an annual meeting of the leaders of the world’s 20 largest economies. The summit is a forum for the leaders to discuss global economic and financial issues.

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