On Tuesday, President Bola Tinubu embarked on his first foreign trip as President, flying to Paris. He departed from the Presidential Wing of the Nnamdi Azikiwe International Airport aboard his official Gulfstream jet at 11:30 am.
The purpose of his visit is to attend the two-day Paris Summit for the New Global Financial Pact, hosted by French President Emmanuel Macron. The summit, scheduled from June 22-23, 2023, will take place at the Palais Brongniart.
During his time in Paris, President Tinubu will participate in the summit, review its proceedings, and sign the New Global Financial Pact. The pact is aimed at prioritizing support and investment in vulnerable countries, addressing the challenges posed by climate change, the energy crisis, and the aftermath of the COVID-19 pandemic.
The leaders attending the summit will focus on restoring fiscal stability in countries facing immediate financial challenges, particularly those with high levels of debt. They will also work towards mobilizing innovative financing for countries vulnerable to climate change, promoting development in low-income nations, and encouraging investments in environmentally friendly infrastructure in developing economies.
Dele Alake, the Special Adviser for Special Duties, Communication, and Strategy, stated that President Tinubu, along with other global leaders and financial experts, will engage in discussions on comprehensive strategies for economic recovery in the wake of the COVID-19 pandemic and rising poverty rates. The objective is to facilitate access to finance and investment to stimulate inclusive growth.
President Tinubu is expected to return on Saturday and will be accompanied by members of the Presidential Policy Advisory Council and senior government officials.