President Bola Tinubu has departed Abuja for Paris, France to join his counterparts from across the world at the Paris Summit for the New Global Financial Pact.
The President’s official Gulfstream jet departed the Presidential Wing of the Nnamdi Azikiwe International Airport at 11:30 am Tuesday for his first foreign trip as president.
The two-day summit, which will be hosted by President Emmanuel Macron of France, will be held at Palais Brongniart from Thursday.
While in Paris, the President will “participate, 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”, a statement by the Special Adviser for Special Duties, Communication and Strategy, Mr. Dele Alake on Monday read.
Leaders will consider opportunities to restore fiscal space to countries that face difficult short-term financial challenges, especially the most indebted; 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.
According to Alake, President Tinubu and the other global leaders, multilateral institutions, financial experts and economists would 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.
