President Bola Ahmed Tinubu of Nigeria is scheduled to depart from the country on Tuesday, embarking on a journey to Paris, France.
POLITICS NIGERIA reports that the purpose of his visit is to attend a crucial two-day Summit on June 22 and 23, where world leaders will convene to review and sign a New Global Financial Pact.
This pact aims to prioritize support and investment for vulnerable countries grappling with the devastating impact of climate change, energy crisis, and the aftermath of the COVID-19 pandemic.
Dele Alake, the Special Adviser to the President on Special Duties, Communication, and Strategy, issued a statement announcing President Tinubu’s participation in the Summit.
This newspaper reports that the event will gather influential leaders, multilateral institutions, financial experts, and economists to explore opportunities for restoring fiscal space in countries facing significant short-term financial challenges, particularly those burdened by heavy debt.
Additionally, the Summit will focus on mobilizing innovative financing for nations vulnerable to climate change, promoting development in low-income countries, and encouraging investment in “green” infrastructure for the transition towards sustainable energy in emerging and developing economies.
The Summit, hosted by President Emmanuel Macron of France, will take place at the esteemed Palais Brongniart.
President Tinubu will be accompanied by members of the Presidential Policy Advisory Council and senior government officials throughout the event.
After the Summit concludes, he is expected to return to Abuja on Saturday.
The statement reads:
President Bola Ahmed Tinubu will on Thursday, June 22, join world leaders in Paris, France, to review and sign a New Global Financial Pact that places vulnerable countries on priority list for support and investment, following devastating impact of climate change, energy crisis, and after effect of the COVID-19 pandemic.
The President will participate in the two-day Summit, June 22 and 23, that looks at opportunities to restore fiscal space to countries that face difficult short-term financial challenges, especially the most indebted; mobilize innovative financing for countries vulnerable to climate change; foster development in low-income countries, and encourage investment in “green” infrastructure for the energy transition in emerging and developing economies.
President Tinubu and the other global leaders, multilateral institutions, financial experts and economists will take a more holistic look at the recovery of economies from the impact of COVID-19 pandemic, and rising cases of poverty, with a view to providing access to finance and investment that will leverage inclusive growth.
The Summit, which will be hosted by President Emmanuel Macron of France, will be held at Palais Brongniart.
The President will be accompanied by members of the Presidential Policy Advisory Council and senior government officials. He will return to Abuja on Saturday.
Dele Alake
Special Adviser,
Special Duties, Communication and Strategy
June 19, 2023
