Investment
pledges amounting to nearly $14 billion U.S. dollars were committed
during the Nigeria-India Presidential Roundtable and Conference in New
Delhi convened by H.E. President Bola Ahmed Tinubu.Heirs Holdings Group
Chairman, Tony O. Elumelu C.F.R., urged the Indian private sector to
seize the opportunity to invest in Nigeria, during the Nigeria-India
Presidential Roundtable and Conference on Wednesday, September 6th,
2023, in New Delhi, India, jointly organised by the High Commission of
Nigeria to India, the Confederation of Indian Industry (CII) and the
Nigeria-India Business Council (NIBC).Elumelu, who has built pan African
financial service businesses and now controls significant power and
natural resources operations, all focused on value creation in Africa,
was in Delhi for the G20 Summit, both as an invitee of the President of
the Federal Republic of Nigeria, H.E. Bola Ahmed Tinubu, and as co-chair
of the Business 20 (B20) Action Council focusing on African economic
integration, the private sector counterpart to the G20. During a keynote
address, Elumelu invited Indian private sector leaders to join him and
other global investors in accessing the rapidly evolving Nigerian
economy, home to 20% of Africans and one of the largest consumer
populations globally:”This is the time to invest in Nigeria. I speak as a
private sector investor in Nigeria, the companies in our Group’s
investment portfolio demonstrate the opportunity. I believe you also can
take advantage of our track record and success.” At the Presidential
roundtable, hosted by H.E. President Bola Ahmed Tinubu Indian investors
pledged investments of nearly $14 billion to Nigeria, following the
Nigerian president’s commitment to create the enabling environment for
foreign investments to thrive.“Nigeria is a huge market; over 200
million people with the largest economy on the continent. Most
importantly, the population is not just over 200 million people; the
demography of the population is exciting. We have a cohort of young
people who are there to consume, and we also have people who are
intelligent, energetic, hardworking, who provide the human capital that
investors need to drive their businesses” Tony Elumelu, was recently
named co-chair of the Business 20 (B20) Action Council focusing on
African economic integration, alongside Sunil Mittal, Founder of Bharti
Enterprises (Owners of Airtel). Established in 2010 within the G20, the
B20 comprises corporate business enterprises and organisations and
serves as the official platform for dialogue between the G20 and the
global business community.
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