Nigeria's Tinubu to attend G20 summit in India to promote investment

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Nigeria's President Bola Tinubu plans to attend the G20 summit in India this month to try to promote foreign investment in Africa's largest economy and mobilize global capital to develop infrastructure, his spokesman said on Friday.

Tinubu has embarked on the country's boldest reforms in decades, which have been welcomed by investors. However, reforms have brought additional hardship to Nigerians already dealing with a cost of living crisis.next week and an stage an indefinite shutdown later this month.

"The focus of the summit will be heavily predicated on the urgent need to attract foreign direct investment ... and to ensure that we are able to mobilize private capital from around the world toward the development of Nigeria's public infrastructure," Tinubu's spokesman, Ajuri Ngelale said in a statement.investments rather than rely on borrowing to create jobs, its finance minister said on Monday, as the new government tries to revive the West African nation.

Ngelale said Tinubu will meet leaders from Brazil, India, South Korea and Germany on the sidelines of the G20. Tinubu also plans to meet Indian executives, including Jindal Steel and Power Company, among others, Ngelale said.

 

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