Nigerian economist, Heirs Holdings Group Chairman, Mr Anthony Onyemaechi Elumelu has tasked the Indian private sector to seize the opportunity to invest in Nigeria during the Nigeria-India Presidential Roundtable and Conference on Wednesday in New Delhi, India.
It was gathered that the event was jointly organized by the High Commission of Nigeria to India, the Confederation of Indian Industry (CII) and the Nigeria-India Business Council (NIBC).
Elumelu was in Delhi for the G20 Summit as an invitee of the Nigerian President, 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.
Elumelu, during his keynote address, called on the Indian private sector leaders to join him and other global investors in accessing the rapidly evolving Nigerian economy.
He said, “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,” he said.
Additionally, Elumelu said, “as true Africapitalists, we believe in collaboration for mutual prosperity. We invest globally and we welcome you to invest in our country. There is so much to do in Africa. We need capital to drive infrastructure, as well as to drive businesses that will spur the employment our economy needs. We cannot do it alone; we need collaboration. There is so much between India and Nigeria, and let us business people build upon the examples of our political leaders, taking tough decisions, that will reap returns for our human capital.
“I look forward to collaborating, with the global business community and international development partners, as they explore the investment opportunities in Nigeria.
At the Presidential roundtable hosted by President 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.