President Muhammadu Buhari will depart Abuja Friday for London to participate in the inaugural UK-Africa Investment Summit holding on Monday, January 20, 2020.
According to the organizers, led by the British Prime Minister, Boris Johnson, the forum is expected to bring together African leaders, international business executives and heads of the international organizations “to create new alliances for the benefit of people and businesses in Africa and the United Kingdom that will bring more investments and jobs.”
“Apart from pointing out new perspectives on UK-Africa Partnership for Prosperity, Sustainable Finance and Development issues; Trade and Investment; the African Growth Sectors for future and renewable energy and climate sectors, talks and discussions are expected to prevail during the summit,” said Femi Adesina in his statement.
The London investment summit will provide Nigeria the opportunity to prepare itself as a major investment destination for new industries with the anticipated departure of the African Continental Free Trade Area (AfCFTA), by the mid 2020s. “Moreover, the summit is going to deepen the post-Brexit investment partnership Nigeria-United Kingdom, as today, Africa accounts for only 2% of British trade, with Nigeria representing only 10% of this amount.
He added that President Buhari is expected back in Abuja next Thursday.