President Bola Tinubu to Attend Saudi-Africa Summit for Economic Cooperation

President Bola Tinubu is set to depart Abuja for Riyadh, Saudi Arabia, on Thursday, to participate in the upcoming Saudi-Africa Summit.

This international gathering aims to foster economic cooperation and strengthen diplomatic ties between Saudi Arabia and African nations.

Official Announcement by the Presidency

The announcement of President Tinubu’s participation in the Saudi-Africa Summit was made by Ajuri Ngelale, the Special Adviser to the President on Media and Publicity.

The Summit is scheduled to take place on November 10, 2023, and it will bring together leaders and representatives from various African countries.

Nigeria’s Commitment to Attracting Investment

During the Saudi-Africa Summit, President Tinubu is expected to emphasize Nigeria’s unwavering commitment to attracting Foreign Direct Investment (FDI) and expanding business partnerships.

This commitment is strongly supported by the ongoing economic reforms initiated by his administration to enhance the domestic economic landscape.

Key Topics and Areas of Discussion

The Saudi-Africa Summit will serve as a platform for vital discussions on several crucial areas of cooperation. These include:

Supporting Joint Actions: The summit will encourage collaborative efforts between Saudi Arabia and African nations in addressing common challenges and pursuing common goals.
Enhancing Political Coordination: Leaders will explore ways to strengthen diplomatic ties, share insights on international issues, and foster closer political cooperation.
Regional Security: The participants will address regional security threats, seeking solutions and strategies to enhance stability and peace in the region.
Economic Transformation: Economic transformation will be a central focus, emphasizing research, development of new energy solutions, and advancements in economic opportunities.
Cross-Sectoral Investment Cooperation: The summit aims to bolster investment cooperation across various sectors to promote economic growth and development.

Distinguished Delegation Accompanying President Tinubu

President Tinubu will be accompanied by a high-level delegation of Nigerian officials, including:

Minister of Foreign Affairs, Amb Yusuf Tuggar
Minister of Education, Prof Tahir Mamman
Coordinating Minister of the Economy and Minister of Finance, Mr Wale Edun
Minister of Humanitarian Affairs and Poverty Alleviation, Dr Betta Edu
Minister of Budget and Economic Planning, Sen. Abubakar Bagudu
National Security Adviser (NSA), Mallam Nuhu Ribadu
Director General of the National Intelligence Agency (NIA), Amb. Ahmed Rufai Abubakar
Chairman of the National Hajj Commission of Nigeria (NAHCON), Mallam Jalal Arabi

Return to Abuja

President Tinubu is expected to return to Abuja after the conclusion of the Saudi-Africa Summit, carrying with him the outcomes of this important diplomatic engagement, which aims to strengthen economic and political ties between Nigeria and Saudi Arabia.

The participation of Nigeria’s leadership in this international summit underscores the nation’s commitment to fostering international cooperation and advancing economic development.