{"id":14766,"date":"2023-09-04T11:21:31","date_gmt":"2023-09-04T10:21:31","guid":{"rendered":"https:\/\/thedailyleaks.com\/?p=14766"},"modified":"2023-09-04T11:21:31","modified_gmt":"2023-09-04T10:21:31","slug":"tinubu-mulls-nigerias-g20-bloc-membership-to-attend-summit-in-india","status":"publish","type":"post","link":"https:\/\/thedailyleaks.com\/tinubu-mulls-nigerias-g20-bloc-membership-to-attend-summit-in-india\/","title":{"rendered":"Tinubu mulls Nigeria’s G20 bloc membership, to attend summit in India"},"content":{"rendered":"

Nigeria is considering applying to become a member of the G20 bloc of major economies after concluding consultations on the risks and benefits, the president’s spokesperson said on Sunday, September 3, 2023.<\/p>\n

President Bola Tinubu will leave on Monday to attend the G20 summit in India at the invitation of Prime Minister Narendra Modi, spokesperson Ajuri Ngelale said.<\/p>\n

South Africa is the only African member of the group of the world’s 20 most industrialised nations.<\/p>\n

“While Nigeria’s membership of the G-20 is desirable, the government has embarked on wide-ranging consultations with a view to ascertaining the benefits and risks of membership,” Ngelale said in a statement.<\/p>\n

Tinubu’s attendance was in part to further Nigeria’s membership objective, he said.<\/p>\n

ALSO READ:\u00a0Oil steady amid OPEC+ supply cut expectations<\/a><\/strong><\/p>\n

On Friday, Ngelale said Tinubu will\u00a0attend<\/a> the G20 summit to try to promote foreign investment in Nigeria and mobilize global capital to develop infrastructure.<\/p>\n

Nigeria’s new government wants to encourage investments rather than rely on borrowing to create jobs as it tries to revive an economy struggling with record debt, a weak currency, double-digit inflation and skeletal power supplies.<\/p>\n

Tinubu has embarked on the boldest reforms in decades, which have been welcomed by investors. However, they have brought additional hardship to Nigerians already dealing with a cost of living crisis.<\/p>\n

Tinubu will attend the summit with some of his cabinet members including foreign affairs, finance and trade ministers, Reuters<\/a> said.<\/p>\n

\n

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Nigeria is considering applying to become a member of the G20 bloc of major economies after concluding consultations on the risks and benefits, the president’s spokesperson said on Sunday, September 3, 2023. 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