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Flagging The Conscience Of Truth

Nigeria Aims to Boost Foreign Investment at World Economic Forum in Davos

ByWeb Manager

Jan 16, 2024

Nigeria’s delegation, led by Vice President Kashim Shettima, is strategically utilizing the World Economic Forum (WEF) in Davos, Switzerland, to attract foreign investment, according to the Minister of Foreign Affairs, Ambassador Yusuf Tuggar.

The 54th Annual Meeting of the WEF, taking place from January 15 to 19, 2024, is set to host over 52 Heads of State, including prominent figures like Xi Jinping, President of the People’s Republic of China, and Olaf Scholz, Chancellor of Germany. The event will also bring together 1500 CEOs and Chairpersons of major global companies. Themed “Rebuilding Trust,” the forum addresses critical issues such as transparency and accountability.

Ambassador Tuggar emphasized the substantial economic benefits for Nigeria in participating in the WEF, aligning with the forum’s focus on key principles like transparency, consistency, and accountability. He highlighted the connection between these principles and President Bola Ahmed Tinubu’s Renewed Hope Agenda, which prioritizes job creation, access to capital, inclusivity, and the rule of law.

The minister underscored the forum’s goal of offering solutions to global challenges, particularly for transitioning countries. He stated, “This year, the organizers of WEF are focusing on the fundamental principles of driving trust, including transparency, consistency, and accountability. All these soundly resonate with the Renewed Hope Agenda of President Bola Ahmed Tinubu.”

Vice President Shettima is expected to actively engage with global investors, participate in Nigeria-focused programs, including a Country Strategy Dialogue, and attend various private meetings and events aimed at promoting Nigeria’s economic interests. The World Economic Forum, established in 1971, serves as a platform for global leaders to shape agendas at global, regional, and industry levels.

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