Heirs Holding Group chairman Tony Elumelu has urged the Indian private sector to make investments in Nigeria, calling the nation a “huge market.”

According to a release from Heirs Holdings, Elumelu spoke at the Nigeria-India presidential roundtable and conference on Wednesday in New Delhi, India.

The Nigerian High Commission in India, the Confederation of Indian Industry (CII), and the Nigeria-India Business Council (NIBC) collaborated to organize the gathering.

Elumelu asked India’s private sector leaders to join him and other international investors in accessing the fast-developing Nigerian economy while he was in Delhi for the Group 20 (G20) meeting.

“This is the time to invest in Nigeria. I speak as a private sector investor in Nigeria, the companies in our Group’s investment portfolio demonstrate the opportunity. I believe you also can take advantage of our track record and Success,” Elumelu said in his keynote address.

“Nigeria is a huge market; over 200 million people with the largest economy on the continent.”

The businessman also noted that “the demography of the population is exciting,” in addition to the fact that there are over 200 million people in the world.

“We have a cohort of young people who are there to consume, and we also have people who are intelligent, energetic, and hardworking, who provide the human capital that investors need to drive their businesses,” the business tycoon remarked.

Recently, Elumelu and Sunil Mittal, the creators of Bharti Enterprises (owners of Airtel), were appointed co-chairs of the Business 20 (B20) Action Council, focusing on African economic integration.

The B20, a group of multinational businesses and organizations that was established within the G20 in 2010, acts as the formal forum for communication between the G20 and the international business community.



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