Leaders of the Indian private sector were urged by Elumelu to join other foreign investors in gaining access to the fast developing Nigerian economy.
The greatest moment to invest in Nigeria, according to Tony Elumelu, Group Chairman of Heirs Holdings, is now. He has advised Indian investors to direct their funds towards the Nigerian economy.
Elumelu courted the investors during the Nigeria-India Presidential Roundtable and Conference in New Delhi on September 6, according to a statement released in Lagos on Sunday.
President Tinubu reportedly stated that Nigeria, the largest economy in Africa, had a wealth of investment prospects and was open for business on the fringes of the G20 conference in India.
Nearly $14 billion in investment commitments were made at the roundtable, and President Tinubu promised to establish an atmosphere that would encourage investment growth.
Elumelu urged the Indian business community to take advantage of the chance to invest in Nigeria. He has created pan-African financial service enterprises and now has major control over power and natural resource operations.
He urged the leaders of the nation’s business sector to collaborate with him and other foreign investors in accessing the quickly developing Nigerian economy, which is home to 20% of all Africans and one of the world’s largest consumer populations.
“This is the ideal time to invest in Nigeria, and I say this as a private sector investor; the companies represented in the investment portfolio of our company show the potential.
“I think you may benefit from our achievements and track record as well.
“Nigeria is a sizable market with the largest economy on the continent and a population of over 200 million.
The population is over 200 million, but more significantly, the population’s demography is fascinating.
“We have a cohort of young people that are there to consume, and we also have people who are intelligent, energetic, and hardworking, who provide the human capital that investors need to drive their businesses,” he said.
Along with Sunil Mittal, the founder of Bharti Enterprises (owners of Airtel), Elumelu was recently appointed co-Chair of the Business 20 (B20) Action Council, which focuses on African economic integration, according to NAN.
The B20, a corporate business companies and organisations within the G20, was established in 2010 and serves as the official venue for discussion between the G20 and the global business community.