Nigeria’s President, Bola Tinubu will on Thursday, June 22, join world leaders in Paris, France, to review and sign a New Global Financial Pact that places vulnerable countries on a priority list for support and investment.
This is a result of the devastating impact of climate change, the energy crisis, and after effect of the COVID-19 pandemic on the entire universe.
The President will participate in the two-day Summit, June 22 and 23 that looks at opportunities to restore fiscal space to countries that face difficult short-term financial challenges, especially the most indebted.
PRESIDENT TINUBU TO PARTICIPATE IN PARIS SUMMIT FOR NEW GLOBAL FINANCIAL PACT
President Bola Ahmed Tinubu will on Thursday, June 22, join world leaders in Paris, France, to review and sign a New Global Financial Pact that places vulnerable countries on priority list for support… pic.twitter.com/O8KraXlDWA
— Bayo onanuga (@aonanuga1956) June 19, 2023
President Tinubu will also use the opportunity to mobilize innovative financing for countries vulnerable to climate change as well as foster development in low-income countries and encourage investment in “green” infrastructure for the energy transition in emerging and developing economies.
The Nigeria leader and other global leaders, multilateral institutions, financial experts and economists will take a more holistic look at the recovery of economies from the impact of the COVID-19 pandemic and rising cases of poverty.
They will do so to provide access to finance and investment that will leverage inclusive growth.
The Summit, which will be hosted by President Emmanuel Macron of France, will be held at Palais Brongniart.
The President will be accompanied by members of the Presidential Policy Advisory Council and senior government officials. He will return to Abuja on Saturday.
