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This should be Nigeria’s submission to the ongoing G20 Summit in Rome

November 1st, 2021 African News, Business, Headline, News, Nigerian, Politics, World comments

This should be Nigeria’s submission to the ongoing G20 Summit in Rome

 

Ayo Akinfe

[1] Population-wise, we are number seven in the world. Nigeria should thus become the seventh largest foreign direct investment (FDI) destination by 2030

[2] Every automobile manufacturer must be compelled to open at least one assembly plant in Africa by 2025

[3] Any pharmaceutical giant supplying a Covid-19 vaccine must by law open a manufacturing plant in Africa before the end of 2021 to supply the continent

[4] If Africa as a continent does not receive up to $1trn in FDI annually, the G-20 will be levied to raise such capital for investment

[5] Any G-20 nation that takes out a supply contract in Africa in excess of $1m must be compelled to manufacture the products locally

[6] Every G-20 nation must commit to train at least 5,000 skilled African workers annually

[7] Every G-20 nation must pledge to add at least 50% value to any product they buy from an African nation. This should make the export of raw materials illegal

[8] Importing African animals will be illegal and considered as poaching. Instead, the G-20 will encourage any tourist who wants to see African wildlife to visit the continent

[9] G-20 nations shall freeze the bank accounts of all African public servants currently holding office in developed countries. This money will be handed over to Unesco for development investment

[10] Every G-20 nation shall open up shelve space in its retail industry for African goods

  • Tags
  • Ayo Akinfe
  • Covid-19 vaccine
  • FDI
  • foreign direct investment
  • G-20
  • Unesco
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