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Why Buhari departs for London

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Why Buhari departs for London

Muhammadu Buhari

President Muhammadu Buhari on Friday departed Nigeria for London to participate in the inaugural UK-Africa Investment Summit.

The event which begins on 20, January 2020 is expected to bring together African leaders, international business chief executives and heads of international organisations “to create new partnerships that will deliver more investments and jobs” to the benefit of people and businesses in African countries and the United Kingdom.

Buhari’s Special Adviser on Media and Publicity, Mr Femi Adesina, on Thursday said the London Investment Summit would be hosted by the British Prime Minister, Boris Johnson.

”Apart from highlighting new perspectives on UK-Africa Partnership for Prosperity, issues of Sustainable Finance and Infrastructure; Trade and Investment; Future African Growth Sectors and Clean Energy and Climate, are expected to dominate presentations and discussions during the Summit.

”With the expected take-off of the African Continental Free Trade Area in mid-2020, the London investment summit will provide Nigeria with the opportunity to project itself as a leading investment destination for new industries.

”In addition, the summit will deepen Nigeria-United Kingdom investment ties post-Brexit given that Africa currently represents just two per cent of British trade activity, with Nigeria accounting for only 10 per cent of that total,” Adesina stated.

He further disclosed that the Nigerian delegation to the investment meeting will showcase what the Federal Government had done through policies and legislations to improve the investment and business climate in the country.

The president is expected back in Abuja on Thursday.

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