President Bola Tinubu is set to take his investment drive to Arab nations as he participates in the Saudi-Africa Summit and Arab-Africa Summit, this week.
Briefing State House Correspondent on Sunday ahead of the President’s departure to Riyadh on Wednesday, Special Adviser on Media and Publicity, Ajuri Ngelale, explained that this is part of President Tinubu’s efforts to push for new inflows of foreign exchange into the Nigerian economy through investments in growth-enabling and labour-intensive sectors of the economy. President Tinubu has been actively promoting foreign investment in Nigeria.
He recently attended the G20 summit in India to mobilize global capital to develop infrastructure and promote increased foreign direct investments in key sectors of the country’s economy for job creation and revenue expansion.
He had also called for more U.S. investment in Nigeria when he met with President Joe Biden on the sidelines of the G20 summit in India to reinforce the enduring commitment to the U.S.-Nigeria relationship.
According to Ngelale, President Tinubu will first attend the Saudi-Africa Summit which is scheduled to hold on the 10th of November. The President’s spokesman stressed that Tinubu will engage the Saudi Arabia summit basically on areas of mutual concern.