President Bola Ahmed Tinubu is set to visit Riyadh, the capital of the Kingdom of Saudi Arabia to participate in the Saudi-Africa summit and the Arab-African summit.
Spokesperson to the President, Ajuri Ngelale, disclosed this during a briefing with the State House Correspondents, at the Presidential Villa, Abuja.
Ngelale noted that Tinubu’s entrance at the summits signifies an elegant action to network with the Arab nations to attract businesses, woo foreign investors and additional Foreign Direct Investment (FDI) to Nigeria.
“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 $29tn.”
“This would foster integration in terms of infrastructure, facilitation, and the establishment of a new high-speed train network that would tie Arab nations from the Middle East and Northern Africa to the rest of the continent,” he added.
The duo summits are scheduled to hold on November 10 and 11, 2023, respectively.
