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Saudi-Africa Summit: Tinubu Eyes Investors At Arab African Summit

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Tinubu

Details of President Tinubu’s intended visit to Riyadh, the Kingdom of Saudi Arabia has emerged.

Recall The Herald earlier reported that Tinubu is set to depart Nigeria for Saudi Arabia the Saudi-Africa summit and the Arab African summit scheduled to hold on the 10th and 11th November, 2023 respectively.

Briefing newsmen at the Presidential Villa, special adviser on Media and Publicity to the President, Ajuri Ngelale said the President in Saudi Arabia, would discuss several issues of mutual concern with respect to economic ties between the regions, as well as counter terrorism, the environment and agriculture.

Ngelale said other areas for discussion will be in terms of accelerating the level of trade and investment between the Kingdom of Saudi Arabia and the African continent.

“Obviously, President Tinubu, is very keen on ensuring that the Federal Republic of Nigeria within the context of the continent is in a position to maximally leverage on opportunities that will be afforded by the implementation of the African continental Free Trade Agreement, where we will be having a single trade market of over 1 billion Africans.

“The expectation according to the United Nations Economic Commission for Africa is that by the year 2050, our market here on the continent would have surpassed $29 trillion,” the presidential aide said.

Ngelale added that Tinubu, in his capacity as the Chairman of the authority of Heads of Government, ECOWAS, will be advocating for deepening partnership of the two regions.

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