Tinubu Pushes For New Investments From Arab Nations

President Bola Tinubu is set to strengthen economic and political ties between Nigeria and the Arab world this week during summits in Saudi Arabia.

Presidential spokesperson, Ajuri Ngelale disclosed this to State House correspondents on Sunday at the Presidential Villa .

According to him,Tinubu will attend the Saudi-Africa summit and Arab-African summit on November 10th and 11th in Riyadh in an effort to attract more foreign direct investment and business partnerships from Arab nations to Nigeria and Africa.

The presidential adviser on media said Tinubu will discuss mutual interests around trade, counterterrorism, agriculture, infrastructure and environmental issues during meetings with Saudi and other Arab leaders.

Ngelale said other areas for discussion will be in terms of accelerating the level of trade and investment between the Kingdom of Saudi Arabia and the African continent.

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He explained that the president during the trip will be very active and leading that effort from the forefront.

The presidential aide said, “His Excellency President Bola Ahmed Tinubu, will be heading to Riyadh, the Kingdom of Saudi Arabia to attend two major summits.

“The first of which is the Saudi-Africa Summit, at which several areas of mutual concern will be addressed with respect to the economic ties between the regions with respect to the issues of counterterrorism, the environment, agriculture, and many other areas of mutual concern, where we feel much more can be done in terms of accelerating the level of trade and investment between the Kingdom of Saudi Arabia and the African continent.

“Obviously, President Tinubu is very keen on ensuring that the Federal Republic of Nigeria, within the context of the continent, is in a position to maximally leverage on opportunities that will be afforded by the implementation of the African Continental Free Trade Agreement, where we will be having a single trade market of over one billion Africans, the expectation, according to the United Nations Economic Commission for Africa, is that by the year 2050, our market here on the continent would have surpassed $29 trillion. We believe that action toward that begins now.”