President Bola Ahmed Tinubu Attends Global Finance Pact Closing in Paris

President Bola Ahmed Tinubu has arrived at Palais Broignart in Paris for the closing of the Global Finance Pact summit.

The summit, held in Paris, France, brought together world leaders to discuss and develop a consensus on redesigning the global financial architecture.

The aim is to create a financial order that prioritizes poverty reduction, debt restructuring or cancellation, and provides support to vulnerable countries affected by climate change and the COVID-19 pandemic.

French President Emmanuel Macron, in his welcoming address at the two-day summit, emphasized the importance of developing a new financial order that will enhance financial resources and aid developing countries in their energy transition efforts and poverty reduction initiatives.

Macron emphasized the need to respect the sovereignty of each nation throughout the process.

President Bola Ahmed Tinubu’s presence at the summit signifies Nigeria’s commitment to participating in global discussions on financial reform and development. As a prominent Nigerian leader, Tinubu joins other world leaders in shaping the future of the global financial system. The summit provides a platform for leaders to exchange ideas, propose solutions, and collectively work towards a more inclusive and equitable financial system.

The Global Finance Pact summit is expected to yield fruitful discussions and recommendations for advancing financial mechanisms that address the challenges faced by developing countries. By focusing on poverty reduction, debt restructuring, and climate change resilience, the summit aims to foster economic growth and stability while ensuring that vulnerable countries receive the necessary support.