Nigerian business magnate cum Chairman, UBA Group PLC., Heirs Holdings and Transcorp, Tony Elumelu, CFR has urged investors from Indian to come and invest in Nigeria.
The astute businessman, made the call during the Nigeria-India Presidential Roundtable and Conference on Wednesday, September 6th, 2023 in New Delhi, India.
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.”
“Nigeria is a huge market; over 200 million people with the largest economy on the continent. Most importantly, the population is not just over 200 million people; the demography of the population is exciting. We have a cohort of young people who are there to consume, and we also have people who are intelligent, energetic, hardworking, who provide the human capital that investors need to drive their businesses.”
For those who don’t know, the Nigeria-India Presidential Roundtable and Conference is jointly organised by the High Commission of Nigeria to India, the Confederation of Indian Industry (CII) and the Nigeria-India Business Council (NIBC).
Interesting, Elumelu is the co-chair of the Business 20 (B20) Action Council focusing on African economic integration, alongside Sunil Mittal, Founder of Bharti Enterprises (Owners of Airtel).
Established in 2010 within the G20, the B20 comprises corporate business enterprises and organisations and serves as the official platform for dialogue between the G20 and the global business community.