President Buhari travels to London for UK-Africa investment summit

– President Muhammadu Buhari is scheduled to depart for London to participate in the inaugural UK-Africa investment summit that will be held on Monday, January 20

– Femi Adesina, an aide to the president, says the event is being hosted by the British prime minister, Boris Johnson

– Adesina discloses that the investment summit will provide Nigeria with the opportunity to project itself as a leading investment destination for new industries

President Muhammadu Buhari will on Friday, January 17, embark on his first foreign trip of the year as he departs for London to participate in the inaugural UK-Africa investment summit.

Femi Adesina, an aide to the president in a statement on Thursday, January 16, said the summit is scheduled to be held on Monday, January 20.

He disclosed that the event which is hosted by the British prime minister, Boris Johnson, is expected to bring together African leaders, international business chief executives and heads of international organisations with a view to creating new partnerships that will deliver more investments and jobs to the benefit of people and businesses in African countries and the United Kingdom.

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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,” Adesina said.

The presidential aide stated that 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 % of British trade activity, with Nigeria accounting for only 10% of that total,” he further explained.

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Adesina said while in the UK, President Buhari will hold a meeting with the head of the commonwealth, Prince Charles in Glasgow, Scotland and also have bilateral meetings with Prime Minister Johnson as well as heads of multilateral organisations.

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He said the president is expected back in Abuja on Thursday, January 23.

Meanwhile, President Buhari has nominated Kingsley Obiora as the new deputy governor of the Central Bank of Nigeria (CBN).

Legit.ng reported that a statement issued by the presidential spokesman, Femi Adesina, on Thursday, January 16, indicated that the president had already forwarded a letter nominating Obiora to the president of the Senate, Ahmad Lawan.

The statement said that if confirmed by the Senate, Obiora, who is an Alternate Executive Director at the Washington DC office of the International Monetary Fund (IMF), would be replacing Joseph Nnanna, who would retire on February 2, 2020.

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