By Emmanuel Afone

Mr. Tein Jack-Rich, President and CEO of Belema Oil, has advocated for Nigeria’s admission to the G-20 economic group.

Jack-Rich made the call in a statement on Wednesday while highlighting the outcome of a US-Africa Leaders Summit that was held in Washington DC on December 15.

The leading Nigerian politician and philanthropist noted that the inclusion of Nigeria and the African Union in the G-20 would be a milestone in global economic acceleration.

He urged Africans in the diaspora to work towards this goal.

Jack-Rich said Africa will be a force to be reckoned with if the Pacific and Caribbean countries also integrate into the continent.

“Nigeria is the heart of Africa when it comes to trade. We need to integrate the countries of the diaspora, and I have not heard anyone talk about the countries of the Pacific.

”We have about 15 countries there and we have 16 countries in the Caribbean, so it is important to integrate these two diaspora countries with the African continent.

“As part of the free trade area of ​​the African continent, it is important to recognize the potential that these two diaspora countries really have for us to have a strong bloc. That makes Africa about 85 countries.

“Today, Africa represents about 30 percent of the world GDP, that is, about two and a half trillion dollars, that is not strong for us,” he said.

However, Jack-Rich said that Africa needed the right collaboration to achieve the goal.

He said that admitting Africa to the G-20 would greatly help the continent and go a long way in ensuring its technological advancement.

”Another call that I want to make is to see that Nigeria also be part of the G-20. It’s going to go a long way because Nigeria accounts for about 19.3 percent of the total GDP of Africa and that’s a strong economy.

”I’m in the energy business; one thing we need right now is technology collaboration from the G-7 point of view and we can actually be employed to enable Africa to build the right economic gateway.

“As we talk about climate change today, one thing you can acknowledge is that despite the fact that Africa only admits about three percent of global greenhouse gases.

“We have a young population that needs to get involved, and to get the population involved, we need jobs, and to create that, we need industries,” Jack-Rich said.

Speaking earlier, an American businessman, Arnold Donald, admitted that Africa was fertile ground for any business to thrive.

Donald said it was encouraging that despite the current global economic crisis, companies around the world were investing in Africa.

He said the US-Africa Leaders Summit creates a window for partnerships and collaborations between the public and private sectors and subsequently accelerates economic growth. (NAN) (

Edited by Joseph Edeh

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