President Bola Tinubu will attend the Saudi-Africa and Arab-Africa summits in Riyadh, Saudi Arabia, on November 10 and 11.
The president’s spokesperson, Ajuri Ngelale, revealed this in a statement on Sunday.
Ngelale said that Tinubu’s participation in the summit is part of his efforts to encourage new inflows of foreign exchange (FX) into the Nigerian economy.
He stated that Tinubu will lead Africa’s effort to capitalise on the opportunities created by implementing the African Continental Free Trade Agreement (AfCFTA).
Ngelale said:
“President Bola Ahmed Tinubu will be heading to Riyadh, the Kingdom of Saudi Arabia to attend two major summits. The first of which is the Saudi Africa summit, at which several areas of mutual concern will be addressed with respect to the economic ties between the regions. This will be with respect to the issues of counterterrorism the environment agriculture, and many other areas of mutual concern”.
“President Bola Ahmed Tinubu is very keen on ensuring that Nigeria within the context of the continent is in a position to maximally leverage on opportunities that will be afforded by the implementation of the African continental Free Trade Agreement, where we will be having a single trade market of over one billion Africans.
Tinubu will raly patnership between the regions
“The Arab African summit, holding on November 11, where his excellency President Bola Tinubu in his capacity, not just as the president of the Federal Republic of Nigeria, but also as the ECOWAS chairman and the authority of heads of government, will be taking part in the summit ensuring that he is at the forefront of advocating for rallying a deepening partnership of the two regions, that is the League of Arab nations as well as the African Union with respect to how we can integrate in terms of our infrastructure.
Ngelale stated that Tinubu will be aggressive in his pursuit of new foreign direct investment (FDI) during the Riyadh summits, adding that he will push proactively for new FX inflows into the Nigerian economy through investments.