Tinubu flies out to India Monday for G-20 Leaders’ Summit

A statement issued by Presidential spokesman, Chief Ajuri Ngelale, said on the sidelines of the Summit, the President would participate in and deliver keynote addresses at both the Nigeria-India Presidential Roundtable and the Nigeria-India Business Conference.

“The President aims to leverage 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 expansion.

“Moreover, he will use this opportunity to highlight Nigeria’s attractiveness as an investment destination, specifically outlining his cross-sectoral reform plan as encapsulated by the Renewed Hope Agenda,” Ngelale said.

He said given the President’s renowned experience in attracting investment to Lagos State, leading industrialists have sought separate private engagements with him at the summit.

“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,” he said.

Ngelale added that once consultations were concluded, the government would decide whether or not to apply to join as appropriate, saying that the participation of President Tinubu at the G-20 Summit in India was, in part, in furtherance of this objective.

:President Tinubu will return to Nigeria immediately following the conclusion of the Summit,” said.