Home News Buhari In Durban, S/Africa, To Seek $40bn Investments

Buhari In Durban, S/Africa, To Seek $40bn Investments


President Muhammadu Buhari on Saturday arrived Durban, South Africa, from Paris as part of his ongoing socio-economic diplomatic missions aimed at enhancing security and economic transformation of the country.

A report by NAN said Buhari is in Durban at the special invitation of  President Cyril Ramaphosa of South Africa, to attend the inauguration of the second Intra-African Trade Fair (IATF) 2021 on Monday.

The theme of the Fair is, ”Building Bridges for a Successful AfCFTA”, aims at boosting trade and investments across the African continent, Mr Femi Adesina, the presidential spokesman, said in a statement in Abuja.

Adesina stressed that the event would also seek to create the enabling environment for businesses to thrive across the continent.

The event is expected to generate market information needed to connect buyers and sellers throughout the continent.

”Global businesses, including non-African international brands, are expected to key into opportunities generated by the fair, thereby attracting to continental trade investment deals worth $40 billion dollars,” the president’s media aide said.

The president was earlier in Paris on Nov. 9 on an official visit as guest of President Emmanuel Macron at Palais de l’Élysée.

He also attended the three-day Paris Peace Forum (PPF) from Nov. 11 to 13.

Buhari and his French counterpart, Emmanuel Macron, met and discussed issues of mutual interest for both countries.

The discussions focused particularly on strengthening economic ties, improving partnership on security, and working jointly on education, health and halting the threats of COVID-19 to the global economy.

While in Paris, Buhari  also attended the Nigeria International Partnership Forum (NIPF), which brought together the Nigerian and French governments as well as their private sectors in wide-ranging discussions.

On Nov. 10, Buhari attended a working lunch at Palais Elysee in Paris where he appreciated efforts of President Macron in expanding opportunities for business between Nigerians and French citizens, while committing to partnership to degrade international criminal networks.

The president also in Paris, met with the President of Islamic Development Bank (IDB), Dr Mohammed Al-Jasser, and the Minister of State Foreign Affairs of United Arab Emirate, Sheikh Shakboot Alnahyan.


Buhari, who also attended the 75th anniversary of the United Nations Educational, Scientific and Cultural Organisation (UNESCO) in Paris, France, on Friday, saying Nigeria remains proud of its close association with the organisation since its establishment, 75 years ago.

According to the Nigerian leader, the world has an opportunity to count gains of the UNESCO in the last 75 years, while exploring the historic moment for building solidarity and enthroning peace.



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