President Bola Tinubu has embarked on a trip from Abuja to Paris to attend the Paris Summit for the New Global Financial Pact, along with leaders from around the world. Departing from the Nnamdi Azikiwe International Airport, Tinubu’s official Gulfstream jet took off at 11:30 am on Tuesday, marking his first foreign visit as president.
The summit, scheduled for June 22-23, 2023, will be hosted by President Emmanuel Macron of France at Palais Brongniart. During his stay in Paris, President Tinubu will actively participate in discussions, review the proposed New Global Financial Pact, and ultimately sign it. The pact aims to prioritize support and investment in vulnerable countries that have been heavily impacted by climate change, energy crises, and the aftermath of the COVID-19 pandemic.
The leaders at the summit will explore opportunities to address the short-term financial challenges faced by countries, particularly those with high levels of debt, and devise innovative financing mechanisms for nations susceptible to climate change. Additionally, the focus will be on promoting development in low-income countries and encouraging investments in environmentally-friendly infrastructure to facilitate the transition towards clean energy in emerging and developing economies.
According to a statement issued by the Special Adviser, Special Duties, Communication and Strategy, Dele Alake, President Tinubu and his global counterparts, along with multilateral institutions, financial experts, and economists, will take a comprehensive approach to the economic recovery from the COVID-19 pandemic. They will also address the escalating poverty rates, with a goal of providing access to finance and investments that foster inclusive growth.
President Tinubu, accompanied by members of the Presidential Policy Advisory Council and senior government officials, is expected to return on Saturday following the conclusion of the summit.