President Bola Tinubu has confirmed his attendance at the forthcoming Arab-Africa Summit set to take place in Riyadh, the capital of the Kingdom of Saudi Arabia. The summit, which aims to enhance economic ties and encourage foreign direct investment into Nigeria, is scheduled for November 10 and 11, 2023.
Ajuri Ngelale, the Special Adviser to President Tinubu on Media and Publicity, informed correspondents at the Presidential Villa in Abuja that President Tinubu’s participation signals a new phase in engaging with Arab nations to bolster business relationships.
Tinubu will participate in the Arab-Africa Summit, where discussions will focus on counterterrorism, environmental issues, and agricultural development, among other topics of shared interest. Tinubu’s presence at the summit underscores his commitment to fostering trade and investment between Saudi Arabia and Africa.
The summit coincides with the objectives of the African Continental Free Trade Agreement, which aims to create a unified market of over one billion people. It is anticipated that this market could exceed $29 trillion by 2050, as per projections by the United Nations Economic Commission for Africa.
On November 11, President Tinubu, in his capacity as the chairman of the ECOWAS Authority of Heads of Government, will attend the Arab-African summit to further strengthen the partnership between the League of Arab States and the African Union. This collaboration aims to integrate infrastructure and establish a high-speed train network linking Arab nations from the Middle East and Northern Africa with the rest of the continent.
In conclusion, Ngelale reassured Nigerians of President Tinubu’s dedication to revitalising the nation’s economy through his active role in these significant summits.
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