The President, Bola Tinubu, departs Nigeria for France to participate in the Paris Summit for the New Global Financial Pact.
This will be his first official trip abroad since he was sworn in as Nigeria’s president on May 29.
Alake announced the proposed trip in a statement on Monday, even as the president leaves for Paris today to attend the summit for a new global financial pact.
The two-day summit seeks to explore opportunities to restore fiscal space to countries that face difficult short-term financial challenges.
According to Alake, the pact prioritises vulnerable countries for financial support owing to the devastating impact of climate change, the energy crisis, and COVID-19.
Alake also said that Tinubu will be accompanied to the summit by members of the presidential policy advisory council and senior government officials, and he is expected to return to Nigeria on Saturday, June 24.
“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 countries,” the statement read.
“The summit will mobilise 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 the COVID-19 pandemic and rising cases of poverty, with a view to providing access to finance and investment that will leverage inclusive growth.”
Tinubu appears eager for his administration to transform the economic fortunes of the country.
Recently, he said the task of growing the nation’s economy is enormous, but he is ready to improve it alongside the National Economic Council (NEC), headed by the Vice President, Senator Kashim Shettima.
In his inauguration of the NEC last week, an advisory body comprising the 36 state Governors, the Governor of the Central Bank of Nigeria (CBN), and other stakeholders, Tinubu listed eight priority areas for urgent attention.
He also called for collective frameworks that will stimulate a buoyant economy that meets the needs of the poor and vulnerable.
