Tinubu makes first Presidential visit to France for Paris summit Thursday

President Bola Tinubu will join his counterparts from across the world to participate in the Paris Summary for New Global Financial Pact on Thursday.

The summit, which is Tinubu first foreign trip as President, is convened by President Emmanuel Macron of France, and will be held at Palais Brongniart.

A statement by the Special Adviser, Special Duties, Communication and Strategy, Dele Alake, on Monday said while in Paris, the “President will 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 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 will return on Saturday is expected to be accompanied by members of the Presidential Policy Advisory Council and senior government officials.