President Bola Tinubu has emphasized the importance of collaboration and inclusiveness in addressing global challenges and achieving food security, economic growth, and innovation.
Speaking at the World Economic Forum Special Meeting on Global Collaboration, Growth, and Energy for Development in Riyadh, Saudi Arabia, President Tinubu stressed that no one should be left behind in the pursuit of a more stable and prosperous world.
The President highlighted the need for capital mobilization to drive economic growth and innovation in Africa, noting that the continent’s diversity of resources must be reflected in its economic opportunities.
He also called for global leaders to pay attention to developments in the Sahel region, emphasizing the need for a comprehensive understanding of the root causes of challenges in the region.
President Tinubu shared steps taken to set Nigeria’s economy on the path of rapid recovery, including the removal of fuel subsidies and currency management. He emphasized the importance of tough but necessary decisions, transparency, accountability, and fiscal discipline in achieving economic growth.
“I am glad the world is recognizing the need for cooperation, and that with the type of population growth that Africa is experiencing; the diversity of its resources must be married with economic opportunity. We must collaborate to achieve that”.
“We are encouraging the entire world to pay attention to the Sahel and the other countries around us. As the Chairman of ECOWAS Authority of Heads of State and Government, I have wielded the big influence of Nigeria to discourage all unconstitutional change of government. Equally, we have eased the sanctions. We need to trade with one another; not fight each other”, Tinubu said.
The Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, commended President Tinubu for his insights on strategic economic reforms, emphasizing the need for a human touch in implementing reforms.
The President of Rwanda, Paul Kagame, also highlighted the importance of inclusive economic growth, noting that Africa’s growing middle class makes the continent strategic and central to the global community.
