Nigeria president to attend G20 summit in India, mulls membership in bloc

Nigeria is considering applying to become a member of the G20 bloc of major economies after concluding consultations on the risks and benefits, the president's spokesperson said on Sunday.

President Bola Tinubu will leave on Monday to attend the G20 summit in India at the invitation of Prime Minister Narendra Modi, spokesperson Ajuri Ngelale said.

South Africa is the only African member of the group of the world's 20 most industrialised nations.

"While Nigeria's membership of the G-20 is desirable, the government has embarked on wide-ranging consultations with a view to ascertaining the benefits and risks of membership," Ngelale said in a statement.

Tinubu's attendance was in part to further Nigeria's membership objective, he said.

On Friday, Ngelale said Tinubu will attend the G20 summit to try to promote foreign investment in Nigeria and mobilize global capital to develop infrastructure.

Reuters

002