Tinubu Set to Attend Summits in Riyadh Nov. 10

President Bola Ahmed Tinubu

 

President Bola Tinubu has expressed commitment to attract businesses and additional Foreign Direct Investment (FDI) as he attends two major summits.

Tinubu’s spokesman, Ajuri Ngelale who briefed State House Correspondents at the Presidential Villa said the President will be heading to Riyadh, the Kingdom of Saudi Arabia, this week to attend the Saudi-Africa summit and the Arab African summit.

The two events are scheduled to be held on the 10th and 11th of November, 2023 respectively.

According to the presidential spokesman, President Tinubu in Saudi Arabia, would discuss several issues of mutual concern concerning economic ties between the regions and concerning the issues of counter-terrorism, the environment and agriculture.

Ngelale said other areas for discussion will be in terms of accelerating the level of trade and investment between the Kingdom of Saudi Arabia and the African continent.

“President Tinubu is very keen on ensuring that the Federal Republic of 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 1 billion Africans.

“The expectation according to the United Nations Economic Commission for Africa is that by the year 2050, our market here on the continent would have surpassed $29 trillion,” the presidential aide said.

Ngelale explained that the President during the trip would be very active and lead that effort from the forefront.

At the Arab African summit held on November 11, Ngelale said, President Tinubu in his capacity, also as the chairman of the authority of heads of government ECOWAS will be taking part in the summit ensuring that he is at the forefront of advocating for deepening partnership of the two regions that is the League of Arab nations as well as the African Union concerning integration in terms of infrastructure, facilitation and the establishment of a new high-speed train network that would tie Arab nations from the Middle East and Northern Africa to the rest of the African continent.

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