10 Reasons Why Nigeria Should Be Admitted As Member Of G20
The Presidency has said Nigeria’s economic and population size puts the country in the right stance to be admitted into the G20 economic group.
In a statement, on Monday, the Presidency said President Bola Tinubu’s travel to Brazil for the G20 summit is an opportunity to make a case on why the nation should be admitted as a member of the group.
The country’s large economy, population, energy and natural resources endowments, and influential position in Africa were some of the reasons listed by the Presidency why G20 should admit the country into the economic group.
“Nigeria is one of the largest economies in Africa, making it a crucial player in the continent’s economic landscape. Its inclusion would ensure representation on
global economic issues.
“As the most populous country in Africa with over 200 million people, Nigeria offers a massive consumer market, which is critical for global trade and foreign direct investment.
“As an influential voice for Africa, Nigeria’s inclusion in the G20 would enhance the representation of developing countries and address global power imbalances.
“Nigeria is a major oil producer and holds vast reserves of natural gas and
other resources. Its inclusion as a member would enrich G20 discussions on global energy security and the energy transition.
“Nigeria has been implementing economic reforms aimed at diversifying its economy, improving governance, and fostering innovation, aligning with G20 goals of sustainable growth.
“Nigeria actively supports global development initiatives such as the SDGs and climate action, contributing to international efforts to address shared challenges.
“Nigeria is one of the top contributors to UN peacekeeping missions, demonstrating its commitment to global security and stability.
“Nigeria’s emerging tech ecosystem, particularly in fintech, positions it as a hub for digital innovation, which is central to the global economy’s future.
“Located at the intersection of Africa and the global trade routes, Nigeria can act as a strategic bridge for advancing Africa’s trade, investment, and diplomatic ties with the rest of the world.
“Nigeria is a key political and economic leader in West Africa and plays a significant role in regional stability and integration through organizations like ECOWAS,” the Presidency’s statement read.
