By Milcah Tanimu

During the recent G-20 summit held in India, President Bola Tinubu engaged in discussions with the leaders of three nations recognized as key partners in his economic development diplomacy efforts to promote local investment and wealth creation.

Meeting with President Biden: President Tinubu had substantive, informal exchanges of views with U.S. President Joe R. Biden, reinforcing the enduring commitment to the U.S.-Nigeria relationship and recognizing Nigeria’s significant global role as Africa’s largest democracy and economy.

Meeting with Chancellor Scholz: President Tinubu’s meeting with the CEO of Germany, Chancellor Olaf Scholz, aimed to expand economic ties between the two countries. They discussed aligning perspectives of German manufacturers with Nigerian incentives and Chancellor Scholz’s forthcoming visit to Nigeria in October.

Meeting with President Yoon Suk Yeol: President Tinubu engaged with South Korean President Yoon Suk Yeol, discussing Nigeria’s stable leadership and proposing enhanced South Korean involvement in Nigeria’s local manufacturing sector. The South Korean President pledged to mobilize businesses to leverage new Nigerian incentives.

Meeting with Prime Minister Modi: President Tinubu concluded his discussions at the G-20 summit with Indian Prime Minister Narendra Modi, exploring cooperation in agriculture, ICT innovation, and FinTech growth. Both leaders expressed commitment to rapid progress in these areas, particularly in the Unified Payments Interface (UPI).

These talks reflect President Tinubu’s diplomatic efforts to strengthen economic ties and promote investment in Nigeria, creating opportunities for wealth creation and development.