For his first foreign trip as Nigerian leader, President Bola Tinubu will on Thursday join his counterparts from across the world to participate in the Paris Summary for New Global Financial Pact.
The summit, convened by French President Emmanuel Macron, will be held at Palais Brongniart.
According to a statement by the presidential Special Adviser on Special Duties, Communication and Strategy, Mr. Dele Alake, the President would “participate, review and sign a New Global Financial Pact that places vulnerable countries on the priority list for support and investment, following the devastating impact of climate change, energy crisis, and after effect of the COVID-19 pandemic”.
The two-day summit, starting on 22nd June, will consider opportunities to restore fiscal space to countries that face difficult short-term financial challenges, especially the most indebted.
According to the statement, leaders would also 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.
Alake said the President and the other global leaders, multilateral institutions, financial experts and economists would also 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.
President Tinubu will be accompanied by members of the Presidential Policy Advisory Council and senior government officials.
