Chairman of Heirs Holdings Tony Elumelu has urged Indian private sector to consider investing in Nigeria.
Elumelu, who is currently in New Delhi, India, emphasized on the country’s substantial market potential.
The meeting between Nigeria and Indian private sectors was jointly organised by Nigeria high commission to India, the Confederation of Indian Industry, CII, and the Nigeria-India Business Council, NIBC.
While speakimg during the Nigeria-India presidential roundtable, Elumelu told the private sector that now it is time to invest in the West African country..
“Now is the opportune moment to invest in Nigeria,” the businessman said in his keynote address. “As a private sector investor in Nigeria, our Group’s portfolio of companies demonstrates this opportunity. I believe you can also leverage our successful track record.”
Elumelu also highlighted Nigeria’s status as a vast market with a population exceeding 200 million and the largest economy on the African continent.
He emphasized the appealing demographics of Nigeria population, comprising young, dynamic consumers and a skilled, hardworking workforce.
Elumelu and the founder of Bharti Enterprises Sunil Mittal, who is also owners of Airtel. Will act as the hosts of the Business 20, B20, Action Council, which focuses on African economic integration.
The B20 was created as part of the G-20 in 2010, and serves as the official platform for dialogue between the G20 and the global business community, involving corporate enterprises and organizations.
President Bola Ahmed Tinubu is in New Delhi for the summit. He went with four other ministers, including minister of finance Wale Edun.