Nigeria hosts global investment forum in New York – Presidency

Nigeria hosts global investment forum in New York – Presidency

By Ismaila Chafe, Abuja.

 

The Presidency says Nigeria, in collaboration with the Africa Business Roundtable, will be organising the second edition of the Nigeria International Economic Partnership Forum (NIEPF) in New York, United States.

 

The Forum is a global economic investment platform, which is scheduled for Sept. 22, on the side-lines of the 77th United Nations General Assembly (UNGA77) taking place in the American city.

 

Malam Garba Shehu, the president’s spokesman, said in a statement that the investment platform was organised, as part of continued efforts to further open up the country’s economy to international capital and attract foreign investment.

 

“Holding alongside the annual global gathering, the NIEPF is expected to draw the presence of world leaders in politics, economy, media as well as civil society organisations and international media to focus on the vast economic potentials of Nigeria and Africa’s leading economy,” he said.

 

Shehu discosed that President Muhammadu Buhari would deliver the keynote address at the event.

 

He said the president would also host a High-Level Presidential Session with fellow presidents and heads of delegations on “Issues That Need Joint Action for African Countries on the Development Drive” such as the post-COVID-19 recovery and financing priorities.

 

It will also discuss Africa’s investment climate and market, as well as de-risking the continent.

 

According to Shehu, NIEPF will bring together top Nigerian government functionaries as well as renowned and highly respected global public and private sector players, rubbing minds on Nigeria’s economic outlook.

 

He said that they would also focus on Nigeria in the global economy; and international partnership for Nigeria on the development drive.

 

“In view of the wide spectrum of personalities attending the forum, there will be cluster thematic sessions on:

 

(i) Growing Nigeria’s Agriculture for Food Security and Access to Export Market, with special focus on impact of the Russia-Ukraine War, which presents opportunities for G7/G20-Nigeria Partnerships in Agriculture.

(ii) Scaling Up International Resources for Financing Education in Africa, with emphasis on making facilities to link government, deal sponsors and international pools of capital in education.

(iii) Nigeria’s Oil and Gas Sector: Reforms, Results and the Roadmap, focusing on scaling up investment in the gas market — plants, parks, cylinders, gas re-injection.

 

“Other issues slated for discussion include: Scaling Up International Resources for Healthcare in Africa bordering on:

 

“Upgrading and expanding Nigeria’s healthcare infrastructure towards making Nigeria the ‘healthcare hub’ for Africa.

 

“Climate Change and Paths to Clean Environment, with emphasis on paths to clean economy, clean energy and clean development.

 

“Financing Nigeria’s Infrastructure, with emphasis on developing infrastructures such as farm-to-market corridor, farm-to-ports corridor, export transport corridor, railways network, roads network upgrade and expansion, airport upgrade, including dedicated airports for exports; power generation, transmission and distribution.”

 

Speakers and panellists at the event include Aliko Dangote, President of Dangote Group; Bill Gates, Co-Founder of Bill and Melinda Gates Foundation; Satya Nadella, Chairman Business Council of the United States and Chief Executive Officer Microsoft Corp.

 

Others are Antony Blinken, U.S. Secretary of State, Florie Liser, President of the Corporate Council on Africa and members of the Business Council of International Understanding as well as Geoffrey Onyeama, Minister of Foreign Affairs.

 

Dr Zainab Shamsuna Ahmed, Minister of Finance, Budget and National Planning, John Kerry, U.S. Special Presidential Envoy for Climate; and Abdul-Samad Rabiu, Executive Chairman of BUA Group, will also feature at the event,

 

Rabiu is also the President of the France-Nigeria Business Council.

 

Mark Zuckerberg, Chief Executive Officer of Facebook, Dr Ngozi Okonjo-Iweala, Director-General of the World Trade Organisation, Dr Akinwumi Adesina, President of the African Development Bank and Ms. Amina Mohammed, Deputy Secretary-General of the United Nations will also speak at the event.

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