In his first official trip outside the country, Nigeria’s President, Bola Ahmed Tinubu will on Thursday join his counterparts from across the world to partake in the Paris Summary for New Global Financial Pact.
The summit convened by President Emmanuel Macron of France, will be held at Palais Brongniart. During his stay in Paris, President Tinubu will actively engage in the summit’s proceedings, diligently reviewing and ultimately signing the New Global Financial Pact.
This ground-breaking accord prioritises the provision of support and investment to vulnerable nations, as they grapple with the profound aftermath of climate change, energy crises, and the lingering impact of the COVID-19 pandemic.
A statement released by Dele Alake, the Special Adviser on Special Duties, Communication, and Strategy, elegantly encapsulated this crucial endeavour.
The summit will last for two days, from June 22 to 23. It is intended to foster comprehensive discussions on restoring fiscal space to nations burdened with formidable short-term financial challenges, particularly those plagued by crippling debt. Notably, the distinguished leaders in attendance will fervently rally for innovative financing solutions to bolster the resilience of countries vulnerable to the perils of climate change.
Furthermore, the summit will actively champion the development of low-income nations, while enthusiastically advocating for investments in environmentally sustainable “green” infrastructure that paves the way for a seamless energy transition in emerging and developing economies.
Dele Alake astutely pointed out that the President, along with esteemed global leaders, multilateral institutions, financial experts, and economists, will adopt a holistic approach to rejuvenating pandemic-stricken economies and tackling the surge in poverty rates. The ultimate goal is to facilitate access to finance and investment, thereby unleashing the transformative power of inclusive growth.
President Tinubu’s return on Saturday will be marked by the presence of esteemed members from the Presidential Policy Advisory Council, as well as senior government officials. Their collective participation in this auspicious event unequivocally underscores the Nigerian government’s unwavering commitment to actively shaping global financial strategies that hold the potential to redefine the trajectory of vulnerable nations.