Bola Tinubu will travel abroad for the first time as president on Thursday to attend the Paris Summary for the New Global Financial Pact with his international counterparts.
The Palais Brongniart will host the summit called by French President Emmanuel Macron.
The President will visit Paris to “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,” according to a statement released on Monday by the Special Adviser for Special Duties, Communication and Strategy, Dele Alake.
The statement is titled ‘President Tinubu to participate in Paris summit for new global financial pact.’
The two-day Summit running from June 22 to 23, will consider opportunities to restore fiscal space to countries that face difficult short-term financial challenges, especially the most indebted.
Leaders will 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.
According to Alake, the President and the other global leaders, multilateral institutions, financial experts and economists will 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.
Tinubu who returns on Saturday will be accompanied by members of the Presidential Policy Advisory Council and senior government officials.