President Tinubu to Attend 5th Arab-African Summit

It was gathered that he will use the summit to attract Foreign Direct Investment into the country.
Tinubu departs France to London
Tinubu departs France to LondonNAN

President Bola Tinubu is to attend the Arab-African and Saudi-Africa summits holding this week in Riyadh, Kingdom of Saudi Arabia.

Chief Ajuri Ngelale, Special Adviser to the President on Media and Publicity, revealed this on Sunday while briefing State House Correspondents in Abuja.

He opined that the attendance of president was predicated on the administration’s drive to use all avenues to attract Foreign Direct Investment into the various sectors of the economy.

‘’The president will use the summit to attract Foreign Direct Investment into the country. The two summits will surely yield tangible economic benefits for the country and Africa.

He added that the president would be aggressive, like in all other of his engagements, in attracting genuine foreign investors into different sectors of the economy.

The Arab-African Summit is aimed at establishing practical solutions for developing Arab-African cooperation and catching up with the emerging and influential international powers in African.

The summit seeks to identify fields for cooperation, build a common vision for sharing knowledge and experience, and identify projects and frameworks for improving bilateral and multilateral ties between Arab and African countries.

‘’In light of the geostrategic shifts unfolding in the international system, Arab countries are collectively and diligently seeking to diversify their strategic partners.

‘’This effort has created opportunities for establishing promising strategic partnerships in several fields with many actors in the international community,’’ Dr Khalid Manzalawi, Assistant Secretary-General for International Political Affairs of the League of Arab States, said at a meeting in Cairo in October.

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