Nigeria’s President, Bola Tinubu, is set to embark on a momentous journey as he leaves Abuja on Monday to participate in the G-20 Leaders’ Summit taking place in New Delhi, India. This exclusive invitation came from the Indian Prime Minister, Narendra Modi, underscoring the significance of Nigeria’s presence at this global economic gathering.
President Tinubu has continued his extensive consultations regarding the advantages and potential risks associated with joining the influential global economic power bloc. In a statement released on Sunday by presidential spokesperson Ajuri Ngelale, it was disclosed that several high-profile individuals would accompany the president on this trip, including key members of his cabinet.
Among those joining President Tinubu are Amb. Yusuf Tuggar, the Minister of Foreign Affairs; Wale Edun, the Minister of Finance; Dr. Bosun Tijani, the Minister of Communications, Innovation, and Digital Economy; and Dr. Doris Uzoka-Anite, the Minister of Industry, Trade, and Investment.
The statement emphasized that the Nigerian government is committed to thoroughly assessing the pros and cons of G-20 membership. This approach aligns with President Tinubu’s vision to democratize foreign policy and involve all sectors of society and government in shaping policies that align with the nation’s long-term strategic objectives. The government will make a decision on whether to apply for G-20 membership once these consultations are completed.
President Tinubu intends to capitalize on the G-20 Summit as an opportunity to attract global capital and boost foreign direct investments in key labor-intensive sectors of Nigeria’s economy. The goal is to foster job creation and expand revenue streams. Additionally, he aims to showcase Nigeria as an appealing investment destination, highlighting his comprehensive reform plan outlined in the Renewed Hope Agenda.
During the summit’s sidelines, President Tinubu will participate in and deliver keynote addresses at both the Nigeria-India Presidential Roundtable and the Nigeria-India Business Conference. The CEO Roundtable will feature prominent figures from the Indian private sector, Nigerian industrialists, and senior government officials from both nations. Given President Tinubu’s track record in attracting investments to Lagos State, leading industrialists have sought private meetings with him at the summit.
The president’s itinerary also includes bilateral meetings with leaders from various continents, representing both G-20 and non-G-20 countries. These engagements aim to strengthen economic, trade, and investment partnerships for mutual benefit.
At the G-20 Summit, President Tinubu is expected to share Nigeria’s perspective on the theme, “One Earth-One Family-One Future,” emphasizing the need for global unity to address humanity’s challenges and protect the planet.
With the G-20 collectively contributing up to 80 percent of global GDP, 75 percent of international trade, and housing 60 percent of the world’s population, it represents a formidable economic power bloc with significant socio-economic opportunities and geopolitical stability.