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March 3, 2024
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President Bola Tinubu

Tinubu participates in global financial pact in Paris

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By Ismail Abdulaziz

President Bola Tinubu will join world leaders in Paris on Thursday to review and sign a New Global Financial Pact that places vulnerable countries on priority list.

These countries would enjoy support and investment, following devastating impact of climate change, energy crisis and after effect of the COVID-19 pandemic.

A statement by Mr Dele Alake, Special Adviser to the President on Special Duties, Communication and Strategy, said the summit would hold between June 22 and  23.

Alake said  the summit would look at opportunities to restore fiscal space to countries that faced difficult short-term financial challenges, especially the most indebted.

He said it woul mobilize innovative financing for countries vulnerable to climate change and foster development in low-income countries.

It would also encourage investment in “green” infrastructure for the energy transition in emerging and developing economies.

Alake said that Tinubu and other global leaders, multilateral institutions, financial experts and economists would take a more holistic look at the recovery of economies from the impact of COVID-19 pandemic.

Alake said the summit would look at the rising cases of poverty, with a view to providing access to finance and investment to leverage inclusive growth.

The Summit, which would be hosted by President Emmanuel Macron of France, would  be held at Palais Brongniart.

The President would be accompanied by members of the Presidential Policy Advisory Council and other senior government officials.

The President will return to Abuja on Saturday.(NAN) (www.nannews.ng)

Edited by Chioma Ugboma

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