Tinubu: US President Biden Reveals Why Nigeria Was Invited To G20 Summit

The President of the United States of America, Joe Biden, has stated that Nigeria was invited to the G20 summit in New Delhi, India, following its important global role as Africa’s largest democracy and economy and to reaffirm the country’s commitment to the US-Nigeria relationship.

Naija News reported earlier that Nigeria’s President Bola Tinubu met with Biden on Sunday on the sidelines of the meeting.

In his remark, Biden said his administration was committed to the longstanding friendship between both countries and peoples. The US President’s comment was contained in a statement published on the official White House website.

Biden commended Tinubu for his administration’s effort to bring about economic reforms in Nigeria.

The publication reads: “President Biden welcomed the Tinubu Administration’s steps to reform Nigeria’s economy and thanked President Tinubu for his strong leadership as the chair of the Economic Community of West African States to defend and preserve democracy and the rule of law in Niger and the broader region.”

On Nigeria’s invitation to the G20 summit, the statement reads, “Nigeria’s invitation to the G20 Summit is a recognition of Nigeria’s important global role as Africa’s largest democracy and economy.”

Naija News reports that Tinubu has been out of the country to attend the two-day summit on the special invitation of Indian Prime Minister, Narendra Modi.

Tinubu was accompanied by the Ministers of Foreign Affairs, Yusuf Tuggar; Finance and Coordinating Minister of the Economy, Wale Edun; Communications, Innovation and Digital Economy, Dr Bosun Tijani; Industry, Trade and Investment, Dr Doris Uzoka-Anite.

Earlier, the Nigerian leader also held bilateral meetings with the leaders of Germany, South Korea and India. He conveyed to the German helmsman, Olaf Scholz, the importance of not just focusing on creating a financial framework for a broader economic alliance.

In a bid to boost economic growth, Tinubu said the government is introducing new incentives to attract large-scale manufacturers like Volkswagen to establish a presence in the country.

Responding to the economic focus of Tinubu’s proposal, the German Chancellor acknowledged the mutually beneficial nature of an escalation in the scale of economic ties with Nigeria.

“Thank you for this important discussion, Mr. President. I appreciate this opportunity to advance our economic relations. Your market is unique, and our companies have a history in Nigeria.

“We acknowledge the business-friendly reforms you have put in place.

“I am happy to inform you of my desire to visit you in Nigeria in October, which will allow us to carry forward these initiatives,” the German leader confided.