President Tinubu set to attend financial summit in Paris

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.

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,” a statement signed by the Special Adviser, Special Duties, Communication and Strategy, Dele Alake, read on Monday.

The statement is titled ‘President Tinubu to participate in Paris summit for new global financial pact.’

The two-day Summit, which will take place on June 22 and 23, will look at ways to give countries—particularly the most indebted ones—fiscal freedom once again.

Leaders will also stimulate growth in low-income nations, mobilize creative funding for nations vulnerable to climate change, and promote spending on "green" infrastructure for the energy transition in rising and developing economies.

The recovery of economies from the COVID-19 pandemic's impact and rising cases of poverty will be examined more holistically, according to Alake, by the President and other world leaders, multilateral institutions, financial experts, and economists, with the goal of facilitating access to finance and investment that will accelerate inclusive growth.

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