JUST IN: President Tinubu jets out to France

For his first foreign trip as President, Bola Tinubu will on Thursday join his counterparts from across the world to participate in the Paris Summary for New Global Financial Pact.

The summit convened by President Emmanuel Macron of France, will be held at Palais Brongniart.

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 running from June 22 to 23, will consider opportunities to restore fiscal space to countries that face difficult short-term financial challenges, especially the most indebted.

Leaders will also 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.

According to Alake, the President and the other global leaders, multilateral institutions, financial experts and economists will also take a more holistic look at the recovery of economies from the impact of the COVID-19 pandemic, and rising cases of poverty, with a view to providing access to finance and investment that will leverage inclusive growth.

Tinubu who returns on Saturday will be accompanied by members of the Presidential Policy Advisory Council and senior government officials.