Why Nigeria should be admitted to the G-20 — Jack-Rich
Belema Oil Chairman and CEO Tein Jack-Rich has appealed for Nigeria's admission into the G Economic Group. -20.
Jack-Rich made the call at the United States-Africa Leaders Summit in Washington DC.
In a statement made available to our correspondent on Wednesday, the politician and philanthropist, who noted that the inclusion of Nigeria and the African Union in the G-20 would be an important step in global economic acceleration, urged Africans in the Diaspora to work towards this goal.
According to him, Africa would be a force to be reckoned with if the Pacific and Caribbean countries were also integrated into the continent.
”Nigeria is the heart of Africa, if you talk about trade. We need to integrate the countries of the diaspora, and I haven't heard anyone talk about the Pacific countries.
”We have about 15 countries there, and we have 16 countries in the Caribbean, so it's important to incorporate these two diaspora countries to the African continent.
" And as part of the African Continent's Free Trade Area, it's important to recognize the potential that these two diaspora countries actually have so that we can have a strong bloc. That makes Africa about 85 countries.
" Today, Africa accounts for about 30% of the world's GDP, or about $2.5 trillion, which is not strong for us.
Jack-Rich, however, said that to achieve the goal, what Africa needed now was the right collaboration.
He said Africa's admission to the G-20 would help the continent a lot and go a long way in ensuring its technological progress.
"And another call I want to make is to see that Nigeria is also part of the G-20 this is going to go a long way because Nigeria is around 19.3% of Africa's total GDP, it's a strong economy.
"I work in the energy sector; one thing we need right now is technology collaboration, the technology you have matured, I mean from the perspective of the G-7, you can actually be employed to enable Africa to build the right economic bridge.
”As you talk about climate change today, one thing you may recognize is that despite the fact that Africa only admits 'about three percent of the world's green energy domestic gas, we have a young population that needs to be engaged.
"And to engage people, we need jobs, and to create that, we need industries.
” So we need you in the diaspora to allow us access to these technologies that you have matured, so that technology becomes the gateway enabling Africa to build its industrial value chain and reduce the greenhouse gases the world is talking about today,” said Jack-Rich.
Speaking earlier, an American businessman, Arnold Donald, admitted that Africa is fertile ground for any business to thrive .
Donald said it was encouraging that, despite the current global economic crises, businesses around the world are investing in Africa.
According to him, the United States-Africa Leaders Summit creates a window for partnerships and collaborations between the public and private sectors, and accelerates through continued economic growth.
Please share this story:
Belema Oil Chairman and CEO Tein Jack-Rich has appealed for Nigeria's admission into the G Economic Group. -20.
Jack-Rich made the call at the United States-Africa Leaders Summit in Washington DC.
In a statement made available to our correspondent on Wednesday, the politician and philanthropist, who noted that the inclusion of Nigeria and the African Union in the G-20 would be an important step in global economic acceleration, urged Africans in the Diaspora to work towards this goal.
According to him, Africa would be a force to be reckoned with if the Pacific and Caribbean countries were also integrated into the continent.
”Nigeria is the heart of Africa, if you talk about trade. We need to integrate the countries of the diaspora, and I haven't heard anyone talk about the Pacific countries.
”We have about 15 countries there, and we have 16 countries in the Caribbean, so it's important to incorporate these two diaspora countries to the African continent.
" And as part of the African Continent's Free Trade Area, it's important to recognize the potential that these two diaspora countries actually have so that we can have a strong bloc. That makes Africa about 85 countries.
" Today, Africa accounts for about 30% of the world's GDP, or about $2.5 trillion, which is not strong for us.
Jack-Rich, however, said that to achieve the goal, what Africa needed now was the right collaboration.
He said Africa's admission to the G-20 would help the continent a lot and go a long way in ensuring its technological progress.
"And another call I want to make is to see that Nigeria is also part of the G-20 this is going to go a long way because Nigeria is around 19.3% of Africa's total GDP, it's a strong economy.
"I work in the energy sector; one thing we need right now is technology collaboration, the technology you have matured, I mean from the perspective of the G-7, you can actually be employed to enable Africa to build the right economic bridge.
”As you talk about climate change today, one thing you may recognize is that despite the fact that Africa only admits 'about three percent of the world's green energy domestic gas, we have a young population that needs to be engaged.
"And to engage people, we need jobs, and to create that, we need industries.
” So we need you in the diaspora to allow us access to these technologies that you have matured, so that technology becomes the gateway enabling Africa to build its industrial value chain and reduce the greenhouse gases the world is talking about today,” said Jack-Rich.
Speaking earlier, an American businessman, Arnold Donald, admitted that Africa is fertile ground for any business to thrive .
Donald said it was encouraging that, despite the current global economic crises, businesses around the world are investing in Africa.
According to him, the United States-Africa Leaders Summit creates a window for partnerships and collaborations between the public and private sectors, and accelerates through continued economic growth.
Please share this story:
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