President Bola Tinubu is expected to strengthen economic and political ties between Nigeria and the Arab world this week at the Saudi-African and Arab-African summits in Saudi Arabia.
The Presidential Spokesperson, Ajuri Ngelale, disclosed this to State House correspondents at the Presidential Villa, Abuja on Sunday.
According to him, Tinubu will participate in the Saudi-Africa Summit and the Arab-Africa Summit on November 10-11, 2023 in Riyadh, with the aim of attracting more foreign direct investments (FDI) and business partnerships from Arab countries to Nigeria and Africa.
The presidential media aide said Tinubu would discuss mutual interests in trade, counter-terrorism, agriculture, infrastructure and environmental issues during his meetings with Saudi and Arab leaders.
Ngelale said other areas of discussion would involve accelerating the level of trade and investment between the Kingdom of Saudi Arabia and the African continent.
He said: “Clearly, President Tinubu is keen that the Federal Republic of Nigeria, in the context of the continent, is able to take maximum advantage of the opportunities that will be presented by the implementation of the Agreement of African continental free trade, where we will have a single commercial market of more than a billion Africans.
“According to the United Nations Economic Commission for Africa, it is expected that by 2050, our market here on the continent will have exceeded $29 trillion,” the presidential aide said.
Ngelale explained that the President, during the trip, will be very active and lead this effort from the front line.
At the November 11 Arab-Africa Summit, Ngelale said President Tinubu, in his capacity also as Chairman of the ECOWAS Heads of Government Authority, would attend the summit ensuring he was at the forefront -keeping advocacy for the deepening of the partnership between ECOWAS countries. two regions that are the League of Arab Nations and the African Union with regard to integration in terms of infrastructure, facilitation and the establishment of a new high-speed train network that would connect the Arab nations of the Middle -East and North Africa to the rest of the African continent.