Elumelu to Indian businessmen: This is the best time to invest in Nigeria

Popular philanthropist, billionaire businessman, investor and banker, Mr. Tony Elumelu, has urged businessmen and women in India to invest in Nigeria immediately because “this is the best time”.
Elumelu, the Chairman of United Bank For Africa, UBA, who is in India with President Bola Tinubu and others, to attend the Nigeria-India Presidential Roundtable and Conference in New Delhi, said he was in the country to attract investors “to come to Nigeria to invest in the economy of the country”.

He said he was able to convince the Indians to pledge their readiness to invest a huge sum of $14 billion into the country’s economy.
Elumelu, 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 6 in New Delhi, 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 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.

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 have demonstrated the opportunities. I believe you also can take advantage of our track record and
success.”
At the Presidential roundtable, hosted by Tinubu, Indian investors pledged investments of nearly $14 billion to Nigeria, following the President’s commitment to create an 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”.
Elumelu 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.
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 24 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.