President Bola Tinubu is set to attend the G20 Summit 2023, scheduled for 9th and 10th September in New Delhi, India.
It was gathered that the Heads of state and government, and other delegates from the various member countries, as well as G20 invitees, will come to Delhi for the two-day Summit.
Among those expected to attend are US President Joe Biden, UK PM Rishi Sunak, Canadian PM Justin Trudeau, Japanese PM Fumio Kishida, and Saudi Arabian King Salman bin Abdulaziz Al Saud.
As part of its preparations for the Summit, the Delhi government has ordered all government offices and educational bodies situated in the city to remain closed. Security has been ramped up in the city, and major traffic restrictions are in place.
The G20 or the Group of Twenty comprises 19 countries (Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Republic of Korea, Mexico, Russia, Saudi Arabia, South Africa, Turkey, United Kingdom, and the United States) and the European Union.
It was formed in 1999 in the backdrop of the financial crisis of the late 1990s that hit East Asia and Southeast Asia in particular and aims to secure global financial stability by involving middle-income countries.
G20 members represent around 85 per cent of the global GDP, over 75 per cent of global trade, and about two-thirds of the world population.
As a forum for international economic cooperation, it plays an important role in shaping and strengthening global architecture and governance on all major international economic issues.