Tony Elumelu, the Group Chairman of Heirs Holdings, encouraged Indian businesses to invest in Nigeria’s expansive market during his speech at the Nigeria-India presidential roundtable and conference in New Delhi.
The event, co-hosted by the Nigerian High Commission to India, the Confederation of Indian Industry (CII), and the Nigeria-India Business Council (NIBC), coincided with Elumelu’s visit to the city for the G20 summit. He extended an invitation to Indian private sector leaders to collaborate with him and other global investors in tapping into Nigeria’s rapidly growing economy.
Elumelu says Nigeria has the largest economy in Africa
In his keynote address, Tony Elumelu emphasized the ripe investment opportunities in Nigeria, citing his own success as a private-sector investor in the country. He pointed out that Nigeria is not only home to over 200 million people but also boasts the largest economy in Africa. Elumelu further highlighted the promising demographic makeup of the Nigerian population as an additional incentive for investment.
Business magnate Tony Elumelu highlighted the advantages of Nigeria’s youthful and dynamic population, stating that the country offers a ready consumer base as well as a skilled and energetic workforce for potential investors.
Elumelu alongside Sunil Mittal appointed as chairman of B20
In related news, Tony Elumelu was recently appointed as the co-chair of the Business 20 (B20) Action Council, which focuses on African economic integration. He shares this role with Sunil Mittal, the founder of Bharti Enterprises, the parent company of Airtel.
The B20, established in 2010 as part of the G20 framework, serves as the formal channel for dialogue between global business leaders and the G20 nations.
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