Stephen Ukandu, Umuahia
The Presidency has given reason President Bola Ahmed Tinubu would depart Nigeria Tuesday for France, explaining that he is to join world leaders in Paris, to review and sign a New Global Financial Pact that places vulnerable countries on priority list for support and investment, following the devastating impact of climate change, energy crisis, and after-effect of the COVID-19 pandemic.
Special Adviser to the President on Special Duties, Communication and Strategy, Dele Alake, who made the explanation in a press statement issued in Abuja, said that the two-day summit was slated to begin on Thursday.
The President is expected to return to Nigeria on Saturday.
According to the statement, the global summit will look at opportunities to restore fiscal space to countries that face difficult short-term financial challenges, especially the most indebted; 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.
The statement said Tinubu and the other global leaders, multilateral institutions, financial experts and economists will take a more holistic look at the recovery of economies from the impact of COVID-19 pandemic, and rising cases of poverty, with a view to providing access to finance and investment that will leverage inclusive growth.
Tinubu, according to the statement, will be accompanied by members of the Presidential Policy Advisory Council and senior Government officials.
