Connect with us

Business

UBA Chairman, Tony Elumelu Visits India, Attracts Investors To Nigeria

Published

on

Spread the love

By Falayi Olarewaju

Advertisement

The Chairman of the United Bank For Africa, UBA, Mr. Tony Elumelu has visited India to attract Indian investors to come to Nigeria to invest in the economy of the Country.

Elumelu who accompanied His Excellency, President Bola Ahmed Tinubu to India to attend the Nigeria-India Presidential Roundtable and Conference in New Delhi was able to convince the Indians to pledged their readiness to invest a huge sum of $14 billion into the Country’s economy.

Mr. Tony Elumelu, CFR, who doubles as the Group Chairman for the Heirs Holding appealed to the Indian Private Sector to seize the opportunity to invest in Nigeria, during the Nigeria India Presidential Roundtable and Conference held on Wednesday, September
6th, 2023, in New Delhi, India, which was jointly organised by the High Commission of Nigeria to India, the Confederation of Indian Industry (CII) and the Nigeria-India Business Council (NIBC).

Elumelu, who has built Pan African financial service businesses and now
controls significant power and natural resources operations, all focused on
value creation in Africa, was in Delhi for the G20 Summit, both as an invitee
of the President of the Federal Republic of Nigeria, His Excellency, Bola Ahmed Tinubu, and as Co-Chair of the Business 20 (B20) Action Council focusing on African economic integration, the private sector counterpart to the G20.

During a keynote address, Elumelu invited Indian private sector leaders to join him and other global investors in accessing the rapidly evolving Nigerian
economy, home to 20% of Africans and one of the largest consumer populations globally.

Advertisement

Speaking further, he said, “this is the time to invest in Nigeria. I speak as a private sector investor in Nigeria.
The companies in our Group’s investment portfolios has demonstrated the opportunities. I believe you also can take advantage of our track record and
success.”

At the Presidential roundtable, hosted by President Bola Ahmed Tinubu, the
Indian investors pledged investments of nearly $14 billion to Nigeria, following
the Nigerian President’s commitment to create the enabling environment for
foreign investments to thrive.

“He described Nigeria as a huge market with over 200 million people with the largest economy on the continent”.

Advertisement

He went on to describe Nigeria as a Country with the population that is not only over 200 million people, but also with an exciting population demography.

“He however pointed out to the Indian investors that his Country, have a lot of young people who are only concerned about consumption on one part, and those who are intelligent, energetic, hardworking, and who can provide the human capital that investors need to drive their businesses on the part”.

Meanwhile, Tony Elumelu, according to reports was recently named co-chair of the Business 20 (B20) Action
Council focusing on African economic integration, alongside Sunil Mittal,
Founder of Bharti Enterprises (Owners of Airtel), which was established in 2010 within the G20, the B20 comprises corporate business enterprises and organisations and serves as the official platform for dialogue between the G20 and the global business community.

Advertisement

Heirs Holdings is a leading Pan-African investment company. Its investment portfolio spans the power, oil and gas, financial services, hospitality, real estate, and healthcare sectors, operating in twenty-four countries worldwide.

Heirs Holdings is inspired by AfriCapitalism, the belief that the private sector is the key enabler of economic and social wealth creation in Africa. Driven by this philosophy, Heirs Holdings invests for the long-term, bringing strategic capital, sector expertise, a track record of business success, and operational excellence to companies they invest in.

Advertisement


Spread the love
Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Breaking News

Health1 day ago

Ojudu Endorses Ekiti BAO Walk Sponsored By Bimbo Daramola

Spread the loveSenator Babafemi Ojudu who represented Ekiti Central Senatorial District, Babafemi Ojudu has endorsed the BAOWALK Initiative organized by...

Reports2 days ago

Breaking News! NUJ Secures Release Of Arrested Journalist, Yemi Agbeleoba

Spread the loveThe Nigeria Union of Journalists, Ekiti State Council under the leadership of Comrade Kayode Babatuyi has secured the...

Reports2 days ago

Oyebanji Mourns Kidnap, Killing Of Teenager In Ekiti Community

Spread the love…. Vows To Tackle Insecurity By Oluronke Kuku The Ekiti State Governor, Mr Biodun Oyebanji, have condemned the...

Education3 days ago

Release People’s FM GM, Yemi Agbeleoba Or Face Journalist’s Wrath: NUJ Tells FUOYE VC

Spread the loveBy Joseph Sunday  The Nigeria Union Of Journalists, Ekiti State Council has called on the Vice Chancellor, Federal...

Celebrities4 days ago

Fayose Begs Ogun Governor, Dapo Abiodun Over Portable Zazzu’s Trial

Spread the love…. Watch Fayose’s Video Inside Story By Philip Tayo  Mr Isaac Fayose, the brother of the former Ekiti...

Culture4 days ago

EKSG Warns Communities To Stop Allegations Of Bribery, Bias

Spread the loveBy Oluronke Kuku The Ekiti State Government have issued a stern warning to communities embroiled in boundary disputes,...

Education4 days ago

NANS Passes Vote Of Confidence On FUOYE VC, Professor Abayomi Fasina

Spread the love  The National Association of Nigerian Students, NANS, has passed a vote of confidence on the Vice Chancellor...

Security4 days ago

EKSU Night Guard Arrested for Theft

Spread the loveBy Oluronke Kuku A 45 years old man, Samuel Afolabi, who was identified as the Ekiti State University...

Security5 days ago

Amotekun Arrests Siblings, Others for Stealing and Burglary in Ekiti

Spread the loveBy Oluronke Kuku The Ekiti State Amotekun Corps has achieved a significant milestone in its efforts to curb...

Business5 days ago

Ekiti Govt Orders Immediate Relocation Of Iworoko Central Market After Fatal Accidents

Spread the loveBy Oluronke Kuku The Ekiti State Government has ordered the immediate relocation of the Iworoko Central Market in...

Celebrities6 days ago

Ekiti Politician Felicitates Retired DIG Alabi At Retirement Thanksgiving

Spread the loveBy Oluronke Kuku A prominent politician and seasoned Engineer from Ekiti State, Mr Kayode Ojo has felicitated with...

Health6 days ago

Why People Fart After Eating Beans?

Spread the loveBy Oluronke Kuku Beans are a nutritious food, with essential and excellent nutrients like protein, fiber, and vitamins. ...

Reports1 week ago

Ekiti Judiciary Vacates Regrettable Court Order, Sets Up Inquiry Panel

Spread the loveBy Oluronke Kuku The Ekiti State Judiciary has formally vacated a controversial order made by the Ikole Ekiti...

Human Rights1 week ago

Isaac Fayose Berates Oyebanji, Assembly Members, Others For Non Sensitivity To Plights Of Suffering Ekiti Youths, Masses

Spread the love.… Accuses Governor Of Wasting State Resources On Fayemi’s 60th Birthday In Abuja …. Watch Videos Inside Story...

Business1 week ago

Nigerian Consumers Will Bear Brunt Of Tinubu’s Tax Reforms – Dele Kelvin Oye, NACCIMA President, OPSN Chair

Spread the loveBy Oluronke Kuku, Joseph Sunday  The National President of the Nigerian Association of Chambers of Commerce, Industry, Mines...

Security1 week ago

Police Shake-Up: Mass Retirement Looms as Top Officers Face Exit Over Alleged Forgery, Age Falsification

Spread the loveBy Oluronke Kuku The Police Service Commission has reversed its previous decision on the regularization of appointment dates...

Politics1 week ago

Nigeria’s Democracy Winning As Yiaga Africa Hails Removal of RECs Indicted

Spread the loveBy Oluronke Kuku The Yiaga Africa has welcomed President Bola Tinubu’s request for the removal of the indicted...

Culture2 weeks ago

Ekiti Government Goes Tough On Land Grabbing, Encourages Peaceful Resolution

Spread the loveBy Oluronke Kuku The Ekiti State Government has reiterated its commitment to tackling land grabbing and boundary encroachments...

Business2 weeks ago

Ekiti Government Unveils Plan To Boost Economy With Affordable Buildings

Spread the loveBy Oluronke Kuku, Elizabeth Bamidele The Ekiti State Governor, Mr Biodun Abayomi Oyebanji, has reassured the citizens of...

Celebrities2 weeks ago

TPumpy Founder Describes South African Land Exhibition Journey A Huge Success

Spread the loveBy Joseph Sunday The founder of TPumpy Concept, Mr Akintayo Adaralegbe has described his recent journey with his...

Trending