Tinubu Arrives In Delhi: Gears up for G20 Summit, investment talks
President Bola Tinubu has touched down in Delhi, the capital of India, where he is set to attend the G20 Leaders’ Summit and engage in various official meetings.
Tinubu’s plane landed at the Indira Gandhi International Airport in Delhi at approximately 6:40 pm local time (2:10 pm Nigerian time), accompanied by a delegation of senior government officials.
In addition to his participation in the Summit, scheduled for Saturday, September 9, and Sunday, September 10, 2023, Tinubu has a packed agenda of high-level meetings and engagements with other world leaders and business executives during the Summit’s sidelines.
The President is also scheduled to meet with the Nigerian community residing in India.
In an earlier statement, the Special Adviser to the President on Media and Publicity, Ajuri Ngelale, revealed that President Tinubu’s primary focus in India would be on attracting global capital and increasing Foreign Direct Investments (FDI) in Nigeria.
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“On the Summit’s sidelines, the President will be a key participant and deliver keynote addresses at both the Nigeria-India Presidential Roundtable and the Nigeria-India Business Conference.
“The CEO Roundtable will host prominent industrialists from the Indian private sector, Nigerian industrialists, and senior government officials from both nations. President Tinubu aims to utilize this platform to attract global capital and promote increased foreign direct investments in key labor-intensive sectors of Nigeria’s economy to stimulate job creation and revenue expansion.
“Furthermore, he will seize this opportunity to showcase Nigeria’s appeal as an investment destination, highlighting his cross-sectoral reform plan encapsulated in the Renewed Hope Agenda.
“Given the President’s distinguished track record in attracting investment to Lagos State, several leading industrialists have sought private meetings with him at the summit. The President’s itinerary also includes bilateral meetings with world leaders representing both G-20 and non-G-20 countries from four different continents, aimed at 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 underscores the global unity required to address the challenges facing humanity and the planet.
“With its collective contribution accounting for up to 80% of global GDP, 75% of international trade, and hosting 60% of the world’s population, the G-20 constitutes a significant economic powerhouse with socio-economic opportunities and geopolitical stability.
“While Nigeria’s G-20 membership is a desirable prospect, the government has initiated extensive consultations to evaluate the benefits and risks of membership.
“This aligns with the President’s commitment to democratizing foreign policy and formulating and implementing policies through a ‘Whole-of-Society’ and ‘Whole-of-Government’ approach to achieve the nation’s long-term strategic objectives.
“After the conclusion of consultations, the government will make an informed decision regarding membership application. President Tinubu’s participation in the G-20 Summit in India is a step toward this objective.”
