Campaigners call for tax on wealthy as Nigeria attends G20 meeting

A Coalition of about 300 millionaires, including economists and politicians, have urged emerging and developed economies to use the G20 summit in Delhi, India, this weekend, to forge an international agreement towards increasing wealth taxes on the global rich.

They also pushed for urgent action to prevent extreme wealth, which is corroding the collective future.

The G20 summit will be held from September 9 to 10, and is expected to draw leaders and delegates from 40 countries, including Nigeria and the 20 member states.

President Bola Tinubu, who arrived the Indira Gandhi International Airport, Delhi, at about 6:40pm (2:10pm Nigerian time), was joined on the visit by some senior government officials, including ministers and presidential aides.

Tinubu has lined out a number of high-level meetings and engagements with other world leaders and business executives on the sidelines of the summit. The President is also expected to meet with the Nigerian community in India.

Earlier, in a statement, Special Adviser to the President on Media and Publicity, Ajuri Ngelale, said Tinubu would be using his time in India, through various meetings and engagements, to attract global capital and increased Foreign Direct Investments (FDI) to the country.

Ngelale said: “On the sidelines of the summit, the President will participate in and deliver keynote addresses at both the Nigeria-India Presidential Roundtable and the Nigeria-India Business Conference.

“The CEO Roundtable will be attended by leading industrialists in the Indian private sector, Nigerian industrialists, as well as senior government officials from both countries. The President aims to leverage this platform to attract global capital and promote increased foreign direct investments in key labour-intensive sectors of Nigeria’s economy for job creation and revenue expansion.

“Moreover, he will use this opportunity to highlight Nigeria’s attractiveness as an investment destination, specifically outlining his cross-sectoral reform plan as encapsulated by the Renewed Hope Agenda.

“Given the President’s renowned experience in attracting investment to Lagos State, leading industrialists have sought separate private engagements with him at the summit. The President’s itinerary will also feature bilateral meetings with a cross-section of world leaders from four different continents, representing both G20 and non–G20 countries. These engagements are geared towards strengthening bilateral economic, trade, and investment partnerships for mutual benefit.

“At the G20 Summit, the Nigerian leader is expected to share Nigeria’s perspective on the theme, “One Earth-One Family-One Future,” which speaks to the global unity required to address the challenges facing humanity and the planet.”