In Riyadh, Saudi Arabia, President Bola Tinubu has urged global leaders to prioritize collaboration and inclusiveness in addressing pressing global challenges and fostering enduring solutions. He emphasized the significance of these principles in achieving food security, tackling collective challenges, and driving innovation for a more stable and prosperous world.
President Tinubu made these remarks during a high-level panel session at the World Economic Forum Special Meeting on Global Collaboration, Growth, and Energy for Development. He underscored the importance of collaboration and inclusiveness, particularly concerning Africa, in building a future characterized by hope, peace, and progress for all.
Highlighting the imperative of capital mobilization for Africa’s economic growth and development, Tinubu stressed the need for inclusive programs that encompass the entire world, ensuring that no one is left behind. He emphasized that Africa’s rich resources must translate into economic opportunities and realities, calling for concerted efforts to achieve this goal through collaboration.
The President also drew attention to the challenges facing the Sahel region and other neighboring countries, urging global leaders to understand the root causes of these issues and work together to find lasting solutions. As the Chairman of the ECOWAS Authority of Heads of State and Government, Tinubu emphasized the importance of promoting growth, stability, and economic prosperity in West Africa through cooperation and meaningful action.
Regarding Nigeria’s economic recovery, President Tinubu highlighted the tough but necessary decisions taken, such as the removal of fuel subsidies and currency management, to reset the economy and pave the way for growth. He emphasized the government’s commitment to transparency, accountability, and fiscal discipline, ensuring that the burden of reforms is shared equitably among the population.
The President’s insights on strategic economic reforms were commended by Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), who stressed the importance of addressing the needs of people alongside implementing tough reforms.
Echoing President Tinubu’s sentiments on inclusive economic growth, President Paul Kagame of Rwanda emphasized Africa’s growing middle class and the continent’s strategic importance in the global community, driven by its human resources.
President Tinubu’s call for global collaboration and inclusiveness underscores the need for concerted efforts to address global challenges and build a more equitable and prosperous world for all.
Regarding Nigeria’s economic recovery, President Tinubu highlighted the tough but necessary decisions taken, such as the removal of fuel subsidies and currency management, to reset the economy and pave the way for growth. He emphasized the government’s commitment to transparency, accountability, and fiscal discipline, ensuring that the burden of reforms is shared equitably among the population.
