The Lagos Chamber of Commerce and Industry (LCCI) commends President Bola Tinubu for his successful participation at the G20 summit. Nigeria's presence at the event showcases its strategic importance on the global stage and its commitment to shaping a fairer world order. The President's efforts in attracting investments and fostering international cooperation have been fruitful, with positive outcomes for job creation and economic development. The LCCI calls for the establishment of dedicated investment websites and congratulates the African Union on its permanent member status in the G20.
The Lagos Chamber of Commerce and Industry (LCCI) applauds President Bola Tinubu's participation at the recently concluded G20 summit held in New Delhi, India. The President's presence at this world leaders' event highlights Nigeria's strategic importance on the global stage.
Nigeria, as the largest democracy and economy in Africa, plays a crucial role in shaping international relations and policies. President Bola Tinubu's acknowledgement by other world leaders reaffirms his strong leadership and ability to foster global unity and cooperation in tackling pressing challenges.
One notable achievement of the President's outing at the G20 summit is the lifting of the Visa ban on Nigerians by the United Arab Emirates (UAE). During his meeting with UAE leader Mohamed bin Zayed Al Nahyan, President Bola Tinubu successfully advanced his investment promotion objectives. This positive development will facilitate business interactions between Nigeria and the UAE, opening up opportunities and enhancing the ease of doing business.
The engagements with leaders from the US, Germany, South Korea, and Indian investors have also yielded significant outcomes. During these meetings, commitments were made to direct investments totaling $14 billion in critical sectors such as steel, petrochemicals, electricity, and agriculture. These investments are expected to generate job opportunities, drive economic development, and contribute to the diversification of Nigeria's economy.
The LCCI recognizes the need for Nigeria to establish dedicated investment websites to attract global investors and provide accurate information on investment opportunities. Countries like India, Saudi Arabia, and China have successfully implemented this strategy, offering detailed information on various sectors and funding requirements. Such platforms serve as reliable sources for evaluating industry performance and developing policies to incentivize sectors that lack investment interest.
In addition to applauding President Bola Tinubu's outing, the LCCI expresses satisfaction with the G20's decision to grant permanent member status to the African Union. This development elevates Africa's influence and participation in global governance, presenting more opportunities for the continent's growth and development.
As the Organized Private Sector (OPS) in Nigeria, the LCCI fully supports the President's actions in addressing the nation's challenges. The Chamber also congratulates President Bola Tinubu on his 100 days in office and urges him to stay focused on his efforts to improve both the private and public sectors for the benefit of the Nigerian people.
Source of content: OOO News 2023-09-13 News
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