G20 Summit: Tinubu woos foreign investors, says Nigeria's energetic youths greatest incentive to economic resurgence

In a bid to attract potential investors during the ongoing G20 summit in Germany, President Bola Tinubu emphasized on Monday that Nigeria’s highly educated, skilled, and naturally industrious population serves as the country’s primary asset and competitive advantage in the global pursuit of new investments.

Addressing a panel discussion at the summit, President Tinubu underscored the significance of promoting the rule of law as a crucial factor in attracting foreign investors.

Additionally, he highlighted the energetic and well-educated young population of Nigeria as another compelling incentive for investors, envisioning a mutually beneficial economic resurgence akin to China’s success.

President Tinubu, in an earlier statement at the conference, asserted that Nigeria and Africa are not dumping grounds for outdated equipment.

He reiterated Africa’s readiness to engage in mutually beneficial business partnerships with Europe and the rest of the world.

Emphasizing the progress in governance and stability, particularly in Nigeria, the President affirmed the nation’s continuous efforts to refine its business environment and uphold the rule of law to attract serious investors. Responding to concerns about the importation of near-obsolete equipment to Africa, President Tinubu concurred, stating, “Yes, on Siemens, I agree that near-obsolete equipment is not the answer to what we need in Africa. The critical path to success lies in the ability to leapfrog from our current position to the next generation of development, and we are opening the door for precisely that.”