Nigeria Considering To Join the G20 Group

Nigeria is considering applying to join the G20 Group of major economies.

President Bola Tinubu said that his government was weighing the risks and benefits of membership before making a decision on whether to submit an application.

President Tinubu has traveled to Delhi to attend the group’s summit at the invitation of Indian Prime Minister Narendra Modi.

Tinubu’s attendance at the G20 summit was to seek foreign investment in Nigeria, mobilise investors and strengthen bilateral agreements with other countries.

Currently, South Africa is the only African member of the G20.

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In a statement on Sunday, Nigerian presidency spokesman Ajuri Ngelale said the country wanted to join the G20 but that discussions were underway within the government to assess the benefits to the country.

“When the consultations are completed, the government will decide whether or not it is appropriate for the country to apply,” the spokesman said. “The President’s participation in the G20 summit in India is part of this objective”.

The G20 brings together the world’s largest economies – 19 countries and the European Union – which together account for 85% of global GDP and two-thirds of the world’s population.