ABUJA, Sept 3 (Reuters) – Nigeria is contemplating making use of to grow to be a member of the G20 bloc of main economies after concluding consultations on the dangers and advantages, the president’s spokesperson mentioned on Sunday.

President Bola Tinubu will depart on Monday to attend the G20 summit in India on the invitation of Prime Minister Narendra Modi, spokesperson Ajuri Ngelale mentioned.

South Africa is the one African member of the group of the world’s 20 most industrialised nations.

“While Nigeria’s membership of the G-20 is desirable, the government has embarked on wide-ranging consultations with a view to ascertaining the benefits and risks of membership,” Ngelale mentioned in a press release.

Tinubu’s attendance was partly to additional Nigeria’s membership goal, he mentioned.

On Friday, Ngelale mentioned Tinubu will attend the G20 summit to attempt to promote international funding in Nigeria and mobilize international capital to develop infrastructure.

Nigeria’s new authorities needs to encourage investments somewhat than depend on borrowing to create jobs because it tries to revive an financial system scuffling with report debt, a weak forex, double-digit inflation and skeletal energy provides.

Tinubu has launched into the boldest reforms in many years, which have been welcomed by buyers. However, they’ve introduced extra hardship to Nigerians already coping with a value of residing disaster.

Tinubu will attend the summit with a few of his cupboard members together with international affairs, finance and commerce ministers.

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